Insignis On Bloomberg

by Insignis in News

Paul Richards, a former executive at Bank of America Corp., is the latest senior ex-banker to start a financial technology company, with a focus on cash savings for wealthy clients. A series of former senior bankers … are starting financial technology companies seeking to revolutionize the traditional banking industry, using decades of experience to carve fresh niches in everything from foreign-exchange trading to consumer payments. Their presence helps add weight to startups that might otherwise make little impact amid a glut of tiny firms. Richards, who retired from the U.S. company in 2014 after almost three decades, has opened Insignis Asset Management, a cash management company that collates multiple bank accounts for high-net-worth customers, according to a statement on Monday. The former co-head of Europe, Middle East and Africa corporate banking and debt capital markets at Bank of America, is chairman of the new Cambridge, England-based firm. Giles Hutson, who previously worked under him at the investment bank, is chief executive officer.

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Given Governments and Central Banks' response to the current crisis, inflation risk and the consequences for financ… t.co/gieoFz7say

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We’re hiring talented, driven, software engineers to help us build the best Cash Management Service in the UK. Tak… t.co/4JwWA3y3qM

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Join us tomorrow at the Creative Funding for Property conference hosted by SSAS Alliance. The event promises a day… t.co/zTmS3yGXaL

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We are excited to announce that, after a period of extraordinary growth, we are expanding our team! We have sever… t.co/el8w1ppwZX

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The UK Savings market has already seen interest rates fall in recent years. So just how exactly will the introducti… t.co/v4nFlfR4j6

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