Tony Reed has been appointed as Managing Director of Phoenix Fund Services (UK) Limited. He will report to John Rice, CEO, and join the Phoenix Fund Services’ executive management team.

Reed will be responsible for managing the relationships with clients of Phoenix’s UK funds business as well as for Phoenix’s compliance and risk management.

John Rice, Managing Director of Phoenix Fund Services, says: “Tony brings a wealth of experience to Phoenix having worked in a range of roles managing client relationships, running collective investment scheme operations and regulatory risk management at Insight Investment, JP Morgan, Halifax Bank of Scotland and the Pearl Group.

Where Phoenix acts as Authorised Corporate Director to UK authorised funds Tony will be well placed to provide insight into regulatory matters when working with clients who are fund sponsors.”

Reed says: “I am delighted to be joining Phoenix at a time when its proposition is gaining increasing recognition amongst specialist and boutique investment managers and the business is committed to offering a platform for growth.”