David Hufton, Sygnia’s new CEO-designate, has been tasked by the board with growing one of the staunchest advocates of index tracking into a large financial services group after Thursday’s announcement that co-founder Magda Wierzycka would be stepping down as joint-CEO.

“It’s the expectation of the board and Magda to transition Sygnia from what we consider to be a medium-sized financial services company ... to a large-sized financial services group in time,” Hufton said...

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