Cofunds, the UK’s largest independent investment platform, has appointed Martin Davis, a 20-year industry veteran, as its chief executive. He will replace Charlie Eppinger, CEO since 2003, who will stay on at the company as chairman.

Davis, who will take up the new post in the summer, previously worked as CEO of Openwork, where he led the company’s recent corporate restructure. He has also worked for Reuters, Misys/Sesame and Zurich Financial Services.

In other recent developments, BNY Mellon Asset Management made five specialist funds from the BNY Mellon Global Funds range available via Cofunds last month.