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Michael Hart joins bfinance to spearhead new push in Institutional Asset Management

8th September 2001 - London - bfinance, the corporate finance portal focusing on the information and transactional needs of finance directors, has appointed ex-Morley Fund Management senior sales executive, Michael Hart as Relationship Manager, Asset Management.

Based in London, Hart will lead bfinance's asset management team and focus on growing bfinance's business in Institutional Asset Management. Hart has held senior positions at Morley Fund Management, Paine Webber and Herrige Warren & Co. He commented, "bfinance has had increasing success in the corporate sector and is seeing a high level of interest from the asset management industry. This position presents an unprecedented opportunity for me to join a growing organisation that is radically changing the way corporations raise finance and address their money management needs."

Thomas Ross, Managing Director, bfinance, comments, "This is an important hire for us and demonstrates that professionals of Michael's calibre and experience clearly see the tremendous opportunity for our expansion into new sectors. He brings a wealth of experience and has excellent understanding of how we can improve the service we provide for our customers in this sector."

Over the last quarter, bfinance has seen a near threefold increase in transactions processed.