Allfunds Bank head Alan Gadd to step down

Alan Gadd, the head of UK and Ireland at Allfunds Bank, is stepping down from his role at the end of April.

Gadd, who joined Allfunds Bank in 2009, will continue to act as a consultant to the London office focused on implementing the retail distribution review (RDR).

Gianluca Renzini, the global head of distribution and deputy general manager at Allfunds, has assumed direct responsibility for the management of the London office and Gadd will report to him in his consultancy role.

Renzini says: “Allfunds sees the RDR as an opportunity to grow its presence in the UK region and we intend to focus additional resources in the market to enhance our proposition.”