UK Fintech JHC Rolls On Post Acquisition With New Product Role

Jackie Bennion

4 October 2019

Prominent London-based wealthtech firm JHC has promoted Andrew Watson to the newly-created post of chief product officer. Watson, who was previously in charge of product strategy and regulatory change, has been at the firm for 18 years. The independent founder/employee-owned firm has been operating for 30 years.

In the new role, Watson will continue to develop JHC's digital wealth platform, which includes portfolio and risk management tools, the trading compliance tool Neon, and the enterprise investment management outsourcing platform Figaro.

CEO John Blackman said FNZ’s acquisition of JHC back in July has allowed the firm to consolidate its UK market and move into “new strategic territories and product areas.” He said Watson has been the driving force behind developing the platform and guiding the company and clients through compliance issues, including MiFID II and GDPR, and his promotion “is richly deserved."

JHC provides platform services to a number of prominent UK wealth managers and brokers, including AJ Bell, Brooks Macdonald, Alliance Trust Savings, Charles Stanley, Davy, FIS Platform Securities, Interactive Investor, LGT Vestra and Quilter. The firm has offices in London, Birmingham, Newcastle and Dubai and manages around £160 billion in assets on platforms running its software.

WealthBriefing will be publishing views from a cross section of fintechs, consultants, and wealth managers over the next week about how technology is changing the role of advisors. You can read a curtain raiser to some of these issues here.