Pan Andreas, who will join from January 2016 as head of insight (Funds and DFMs), was formerly managing director of wealth management at Sesame Bankhall Group and has over 30 years’ of experience in the financial advice sector.

He has also held a number of senior roles with Henderson, Intrinsic and Towry Law.

Mr Andreas will lead the delivery of Defaqto’s industry-leading Ratings and Risk-Rated Funds and models, as well as their Publications and Consultancy. These propositions are said to help financial advisers select suitable and appropriate funds and portfolios for their clients.

Zahid Bilgrami, chief executive at Defaqto, said: “We are delighted to welcome Pan to enhance our expert team, and to deliver our solutions to our intermediary and fund management clients. We have experienced tremendous growth and uptake of our Ratings and also our Risk-Rated Funds over the last 12 months, and Pan’s breadth and depth of experience will help with accelerating this growth going forward.”

Mr Andreas, said: “This is an exciting time to be joining Defaqto. I am looking forward to the opportunity and the prospect of working with the team to develop and deliver leading propositions and to help execute the company’s long-term growth strategy.”

Frank Potaczek has also joined the team in the newly created role of senior vice president (Funds and DFMs).

Mr Potaczek will be responsible for increasing the focus on supporting fund management and intermediary clients, along with boosting Defaqto’s event presence in the UK.

He previously held senior roles with Intrinsic, Close Brothers and Legal & General before joining Defaqto in January 2014.