Ex-Ignis chief appointed Defaqto chair

Board-Room-Meeting-Room-Business-700.pngChris Samuel, the former chief executive of Ignis Asset Management, has been appointed non-executive chairman of Defaqto.

The ratings and research firm has hired Samuel will immediate effect, saying he will be key to growing Defaqto’s buisness.

Samuel was chief executive at Ignis before its acquisition by Standard Life, leaving the firm after the acquisition.

Zahid Bilgrami, chief executive of Defaqto, says: “With this appointment, Defaqto will be better able to continue growing its client base and providing information and intelligence to support better decision-making.”

Samuel adds: “Business information and analytics continue to move higher up corporate agendas in increasingly competitive markets. I believe the products and services that Defaqto provides now, and can provide in the future, will become an increasingly important tool for an ever broader range of organisations.”

In September Samuel was appointed a non-executive director at Alliance Trust, following action by activist investors Elliott Advisors. He is also a non-executive director at JP Morgan Japanese Investment trust.