Allfunds, a global leader in WealthTech and fund distribution solutions, has announced a key governance transition. After 25 years of steering the company from inception to global scale, Founder and Group CEO Juan Alcaraz will step down from his executive role and assume a strategic advisory position for the next 12 months.
This milestone follows a remarkable journey that began with a small business unit within Banco Santander and evolved into a global platform serving over 940 distributors across 66 countries, with more than €1.5 trillion in assets under administration.
“It has been an immense privilege to be a part of Allfunds’ growth and to have seen its business and its people thrive over more than two decades,” said Juan Alcaraz. “I have agreed with the Board that now is the right time for the business to transition to new leadership. I leave Allfunds well positioned for the future and with strong momentum going into 2025 and beyond.”
A new chapter led by seasoned global executive
The Board has appointed Annabel Spring as Chief Executive Officer, effective June 2025. Spring brings more than 30 years of leadership experience in international banking and wealth management, including senior roles at Morgan Stanley, the Commonwealth Bank of Australia, and most recently, HSBC, where she served as CEO of Global Private Banking and Wealth.
“Allfunds is an international leader in its field with a strong reputation across the wealth and banking community,” Spring commented. “The trends supporting the continued growth of global wealth are robust, and I believe Allfunds is exceptionally well positioned to capture this opportunity. I look forward to working closely with the Board, the global team, and our partners to continue driving innovation and long-term value for our clients and shareholders.”
David Bennett, Chair of the Board, noted:
“Annabel’s extensive track record in global wealth management, her understanding of client-centric innovation, and her strategic mindset make her the ideal leader to guide Allfunds through its next phase of development.”
Continuity and ambition for the years ahead
This transition reflects a carefully orchestrated change in leadership, ensuring stability and preserving the strategic vision of the founder. With Alcaraz supporting the transition in an advisory capacity, Allfunds reinforces its long-term commitment to innovation, performance, and client partnership.
As the WealthTech landscape evolves rapidly, Allfunds remains positioned at the intersection of technology, fund distribution, and global financial infrastructure.
Read the full press release here: Official Allfunds Announcement (PDF)