Strategy consultancy to the wealth and asset management industry Indefi has opened a new office in London and appointed Nick Ring as chair of its UK business.

Indefi said that the expansion ensured the firm and its leadership team were closer to the key decision-making centres of its clients across public and private markets.

The consultancy added that it has made the move amid a period of structural shifts and evolving client needs for the sector.

Former Columbia Threadneedle Investments EMEA CEO, Nick Ring, has joined Indefi as chair of its UK business, bringing over three decades of experience in the industry to the role.

He will be responsible for supporting clients and advising on how to enhance the service Indefi is providing.

As part of the expansion, several Indefi employees will be transferred to the UK office, with additional senior appointments to be made “in due course”.

“It is clear that there are major structural trends underway that are reshaping the way the entire asset and wealth management industry operates,” Ring said.

“For many traditional managers who may be balance-sheet-rich but capability-poor, it is imperative for their long-term sustainability that they adapt to these new industry constructs.

“I have been truly impressed with the knowledge and value that Indefi is able to provide to its clients across all markets.

“Whether it’s the assets being invested in as the shift from public to private continues, the structures through which products are created, through to fundamental shifts among client channels, those who will be successful are already focused on how they navigate this change from a strategic perspective.”

Indefi managing partner, Richard Bruyère, added: “Opening an office in London underlines our commitment to fully serving our clients, when and where they need us most. It also signals our ability to attract top-tier talent to drive value for clients.

“Nick’s appointment as chair of the UK business marks a significant step forward in Indefi’s international ambitions and will be invaluable to our clients.

“Having been in their position for many years, Nick is exceptionally well-placed to provide his unique insight as we support CEOs in solving some of their most complex challenges as they seek to deliver on their strategic vision.”

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