Marlborough Stirling has officially rebranded as Vertex Financial Services, following its acquisition by Vertex Data Science in May.
Under the Vertex Financial Services brand, the company offers the combination of technology and outsourcing capability needed to manage open and closed book administration and new business acquisitions within the life and pensions and investment markets, as well as distribution, point-of-sale, application processing and servicing for the mortgage sector.
Reflecting the companys strengthened market position, the life and pensions business unit has also announced the appointment of Andrew Colvin to the position of managing director, effective November 14.
The Exchange will continue to operate under its own name. Since its acquisition, it has secured contracts and delivered solutions for 11 multi-ties and protection panels for key distribution partners and has focussed on broadening its market offering to include business and transaction capabilities.
The mortgage business unit has secured an outsourcing deal and launched the service for a sub-prime lender. In addition, its pipeline has grown extensively with particularly encouraging prospects for new outsourcing contracts.
Andy Hunt, managing director of Vertex Financial Services, says: Vertex has fully committed itself to the financial services sector and the benefits derived from the merging of the two companies core skill sets will help us deliver exciting solutions to the market.
I am delighted to welcome Andrew to Vertex. He brings with him a wealth of experience in the life and pensions sector and a proven track record.
Vertex Financial Services will continue to be headquartered in Cheltenham.