Allfunds Group appoints former HSBC wealth chief as CEO
Allfunds Group, a B2B WealthTech platform, has announced the appointment of Annabel Spring as its new CEO.
She will be taking over from Juan Alcaraz, who is stepping down to pursue new challenges after a notable 25-year tenure.
Alcaraz, the company’s founder, will transition into an advisory role for the next twelve months to support a smooth leadership handover.
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.”
Juan Alcaraz, who founded Allfunds 25 years ago, has been instrumental in the company’s ascent in the global wealth management industry.
Under his leadership, Allfunds has grown significantly, boasting over €1.5tn ($1.7tn) in assets under administration (AuA) and serving 940 distributors across 66 countries.
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By GlobalDataThe incoming CEO, Annabel Spring, is set to join Allfunds in June and is stated to bring with her a wealth of experience in wealth management and banking.
Her career spans 30 years and four continents, including a recent stint as CEO of global private banking and wealth at HSBC.
Spring’s previous roles include nearly a decade at the Commonwealth Bank of Australia, where she was group executive for wealth management, and a formative period at Morgan Stanley where she was global head of firm strategy and execution.
Spring’s appointment is expected to drive continued innovation at Allfunds and strengthen relationships with clients and asset managers.
Allfunds chair 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.”
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