M&G Wealth Management platform Ascentric has named Richard Denning as its chief executive.
Denning has been appointed to the role having been interim CEO since December following the departure of Rob Regan.
Denning, who joined Ascentric last year, has 21 years’ experience building, running and transforming wealth platforms. Previously he was chief digital and transformation officer at Aegon, a role he left in September 2019.
He has also held senior executive positions at Novia Financial, Skandia, Selestia Investments, Britannic Assurance and Prudential.
M&G’s acquisition of Ascentric from Royal London completed in September last year shortly before the asset manager unveiled M&G Wealth Management, a £28bn wealth management firm comprising Ascentric, Prudential Financial Planning, The Advice Partnership and the M&G Direct funds business.
M&G Wealth managing director David Montgomery said Denning has a proven track record at senior levels in the industry.
“He has the dedication, drive, enthusiasm and vision that permeates throughout M&G Wealth that will undoubtedly be key to our future successes,” he said.
“I look forward to working closely with Rich and his very talented team as we take new products and experiences to advisers and their clients”.
Denning said: “M&G Wealth has a clear commitment and vision for Ascentric. Certainty of ownership, scale and a commitment to ongoing investment are critical in the wealth platform market and, quite rightly, are at the core of adviser expectations for their businesses as they strive to deliver best outcomes for their clients.”
