Allfunds has expanded the investment solutions team with the appointment of Bruno Pennino as head of investment solutions Southern Europe & EEC.
As the new head of investment solutions, he will be responsible for helping distribution companies working with Allfunds in the design and development of their investment solutions and advisory services.
Of his 25 years' experience in the sector, Pennino worked for 13 as head of asset management at FinecoBank. Before he was responsible for the development of savings products for the private segment in southern Italy. He started his career as a private banker, working at Milan-based bank Banca Commerciale Italiana before joining FinecoBank in 2001.
Allfunds is a distribution platform with over €370bn in assets under administration. It offers around 78,000 funds from 1,489 fund managers, and has a local presence in Spain, Italy, the UK, Chile, UAE, Switzerland, Colombia, Luxembourg, Singapore and Brazil.