Royal London 360° has appointed Mike Lane as Wrap Relationship Manager.
This is a new role within Royal London 360° and has been created following the increase in popularity in wrap propositions with investors.
Wraps, sold through financial advisors, allow an individual’s investments to be held together on one online platform. Designed for ease of wealth management, wraps take into account factors including changes to a client’s career and lifestyle, attitudes to risk and financial goals, and allow a portfolio to be accessed, valued and analysed by the investor 24 hours a day.
Royal London 360° offers its offshore bond proposition to clients through a wide range of wrap platforms via a number of partnerships; Mike’s wealth of experience and existing relationships make him a natural choice to develop this market.
Mike is highly experienced in all aspects of the financial services industry. He initially worked with Lloyds Bank, where he became Financial Planning Manager for the South West region.
He then moved to be IFA Division Operations Manager for Canada Life before moving to Barclays Estates and Trusts. He joined Royal London three years ago.
His qualifications include an MBA through the Open University, Associate of the Chartered Institute of Bankers (ACIB) and Fellow of the Personal Finance Society, the body’s highest possible accolade.
A large part of Mike’s role will be to provide offshore bond and taxation training and support for UK-based Independent Financial Advisors (IFAs). He will also be working hard to develop relationships with new providers and associated distribution channels.
Mike Lane commented, "I am delighted to have been appointed Royal London 360°’s first Wrap Relationship Manager – already the role is proving to be very interesting and challenging.
"Wrap is a core part of the company’s UK offshore bond proposition and has become increasingly popular with both investors and IFAs in recent years due to the ease with which wealth can be managed.
"Because it is a relatively new proposition, it is vital that we work closely with our partners to increase their understanding of wrap platforms and the benefits of using offshore bonds within their investment strategy."
Mike Crellin, Commercial Director of Royal London 360°, commented, "I am delighted to appoint Mike Lane to the role of Wrap Relationship Manager. In recent years, we have built up very close relationships with our wrap providers who we see as business partners and not simply wholesalers.
"Mike’s expertise will undoubtedly be an invaluable resource for them and I look forward to developing those relationships further as we move into 2010 and beyond."
In addition to his new role, Mike will maintain his current responsibilities as International Sales Manager for the company covering the South West of England.
