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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Savings rates are creeping up from their all-time lows. With individual rates increasing between 30% and 69% acros… t.co/5j468i6e5n

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We’re pleased to announce our Head of Institutional Clients, Sam Mackenzie-Carmichael has been shortlisted for the… t.co/EHOFq4Gz3b

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We are pleased to welcome Wesleyan Bank as the latest partner bank to join our platform! The partnership expands… t.co/ONEyA0LGZG

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At various stages in the pension lifecycle, a material portion of your clients’ pension assets may be in cash. The… t.co/CQEuZtf6te

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We’re thrilled to have been shortlisted for the PAM Awards 2021, recognising Insignis as one of the leading players… t.co/bq2U4azo4T

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