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Founder Juan Alcaraz to step down as Allfunds CEO, to be replaced by Annabel Spring

London/Madrid/Amsterdam – Allfunds Group plc (“Allfunds”), one of the world’s leading B2B WealthTech platforms for the fund industry, offering fully integrated solutions for asset managers and wealth managers, and Group CEO and Founder, Juan Alcaraz, announce today that he will leave the business to take on new challenges. Following a distinguished career at Allfunds in which he has led the firm to success and scale, Juan Alcaraz will move into an advisory role for the next twelve months to ensure a smooth leadership transition.

Juan Alcaraz founded Allfunds 25 years ago and has served the company with distinction as CEO, steering its growth and development into a leading global platform for wealth businesses and their end clients. Today, Allfunds has over €1.5tn in AuA, servicing 940 distributors in 66 countries. As CEO and Founder, Juan Alcaraz pioneered the development of the European open architecture fund industry over the span of three decades and built Allfunds from ‘the spark of an idea’ and a small business unit within Banco Santander to a global WealthTech leader.

The entire Board would like to thank Juan Alcaraz for the significant contribution he has made to Allfunds and wishes him well for the future.

David Bennett, Chair of Allfunds, commented: "Juan Alcaraz has led Allfunds with great dedication since its launch through its key milestones, including the IPO in 2021, and has worked ceaselessly to serve the business, our clients and shareholders. We are grateful for his exceptional leadership and entrepreneurial spirit over the years and wish him all the best with his future pursuits.”

Juan Alcaraz said: "It has been an immense privilege to be a part of Allfunds’ growth and to have seen its business and its people thrive over the course of more than two decades, and I have agreed with the Board that now is the right time for the business to transition to new leadership. It has been an honour to work with everyone at Allfunds, especially the members of the Executive Committee and the Board, and I leave the business in very capable hands, strongly positioned for the future and with significant business momentum into 2025 and beyond."

The Board actively manages succession planning and has appointed Annabel Spring as the incoming CEO of Allfunds. Annabel Spring will join Allfunds as CEO in June.

Annabel Spring brings an abundance of experience to Allfunds following a distinguished career in wealth management and banking that spans 30 years and four continents.  She joins Allfunds following six years at HSBC where she was most recently CEO of Global Private Banking and Wealth. Prior to this, she spent almost a decade at the Commonwealth Bank of Australia where she was most recently Group Executive for Wealth Management. Annabel Spring began her career at Morgan Stanley initially in investment banking before moving into Group Strategy where she was Global Head of Firm Strategy and Execution.

Under her leadership, Allfunds will continue to drive innovation and foster strong relationships with clients and asset managers, while leveraging its strong business model to deliver long-term, sustainable growth.

David Bennett said: “The Board is delighted to welcome Annabel Spring as our new CEO. Her extensive experience leading global wealth management businesses, her broad understanding of international banking and her focus on people, technology and client experience makes her the ideal leader for Allfunds’ next phase of growth. Annabel’s deep connections to the global client base and a wide range of asset managers, built over many years, will drive Allfunds’ future growth strategy.”

Annabel Spring said: “Allfunds is an international leader in its field with a strong reputation across the wealth and banking community. The trends supporting the continued growth of global wealth are robust and I believe Allfunds is very well-placed to capture this significant opportunity. I am excited to join Allfunds and be working alongside the Board, the teams at Allfunds and our global partners to ensure we continue to innovate, grow and deliver for our clients and shareholders.”

Allfunds sta rafforzando ulteriormente il suo posizionamento nel WealthTech, con lo sviluppo della più grande piattaforma B2B integrata a livello mondiale nel settore. Progettata per garantire efficienza operativa e crescita scalabile, la piattaforma combina soluzioni a valore aggiunto con innovazione tecnologica, supportando asset/wealth manager e distributori nel contesto attuale, sempre più complesso.

Per avanzare ulteriormente in questa direzione strategica, Allfunds ha nominato Véronique Uzan Head of France. Professionista di primo piano dell’industria europea dell’asset management, Uzan vanta un solido track record nella gestione di cambiamenti operativi e digitali su larga scala, che si allinea perfettamente con l'attenzione all'innovazione di Allfunds.

Grazie alla sua vasta esperienza nel gruppo Amundi, dove è stata anche Chief Operating & Transformation Officer of Dealing, Véronique Uzan ha contribuito con successo a importanti integrazioni relative a operazioni di M&A, tra cui Pioneer, Sabadell e Lyxor. La sua competenza nella riprogettazione di modelli operativi e nell'implementazione di iniziative di trasformazione interfunzionali ha costantemente generato valore.

Véronique Uzan ha inoltre svolto un ruolo fondamentale nella creazione di Alto Platform, nel lancio e nella commercializzazione dei servizi oggi offerti con il marchio Amundi Technology. La sua combinazione unica di competenze operative, esperienza nello sviluppo di piattaforme, conoscenza dei clienti e attenzione all'innovazione digitale la rendono una figura di riferimento nell’Asset e Wealth management.

Più di recente, in qualità di Deputy CEO di Montpensier Finance, Véronique Uzan ha avuto l'opportunità di completare il proprio bagaglio di competenze con conoscenze in ambito legale, normativo, operativo e commerciale, che apportano ulteriore valore aggiunto per i clienti. Lavorerà a Parigi e riporterà a Gianluca Renzini, Chief Commercial Officer di Allfunds.

Bruno Piffeteau lascerà il suo ruolo per dedicarsi a nuovi progetti personali. Allfunds ringrazia Bruno per la dedizione, la leadership e la collaborazione dimostrate nel corso degli anni. Ha apportato un notevole contributo al rafforzamento del business in Francia e gli auguriamo il meglio per questo nuovo capitolo della sua vita.

Gianluca Renzini, Chief Commercial Officer di Allfunds, ha dichiarato: “La nomina di Véronique rappresenta un passo in avanti strategico nel percorso di crescita della nostra piattaforma e nel rafforzamento della nostra leadership nel WealthTech. La sua profonda expertise in materia di trasformazione, tecnologia, orientamento alle soluzioni ed engagement con i clienti è perfettamente in linea con la nostra ambizione di diventare il partner digitale di riferimento del settore. La Francia è un mercato chiave per noi e la leadership di Véronique sarà fondamentale per guidare la crescita e offrire più valore ai nostri clienti”.

Véronique Uzan, nuova Head of France di Allfunds, ha aggiunto: “Allfunds si distingue per il suo impegno nell'innovazione e l'attenzione rivolta all'anticipazione delle esigenze dei clienti in un contesto in rapida evoluzione. Sono entusiasta di contribuire a questa missione aiutando a fornire soluzioni non solo più digitali, ma anche scalabili e in linea con ciò che i clienti realmente desiderano e apprezzano”.