Ian Taylor will retire from Transact, the platform group he co-founded more than two decades ago, early next year.
Transact parent-company Integrafin announced Taylor (pictured) would be stepping down as an executive director from 26 February 2021.
Taylor established Transact, one of the UK’s first adviser platforms, back in 1999 and went on to become CEO of the business and Integrafin in 2002.
Since then the company’s assets under management have ballooned with it now looking after £39.7bn for 6,000 advisers.
In 2018 Integrafin nabbed a premium listing on the London Stock Exchange, valuing the business at £650m. Its share price has doubled since listing at 256p to 537p and the firm now has a market cap of £1.8bn.
Taylor relinquished his role as CEO this March and his duties were split, with Alex Scott heading up Integrafin and Jonathan Gunby taking over as boss of Integrated Financial Arrangements, the subsidiary that operates Transact.
Reflecting on his career Taylor said: “I have very much enjoyed my time at Transact.
“The financial services industry has changed a great deal since we started the company in 1999 and I believe we have made things much better for Mrs Miggins.
“I have made many good friends at the company and beyond and I shall remain very interested in the business after I have gone”.
Scott thanked Taylor for his contribution to the company and Transact which has “transformed the way people invest with advice”.
“He will be sadly missed, and we wish him a very happy retirement,” Scott added.
