Origen sheds finance director in management restructure

Former finance and operations director and executive board member Matthew Moore has stepped down from Aegon-owned Origen Financial Services.

Mr Moore joined Origen in 2011 as the company prepared for the Retail Distribution Review.

His departure is the result of changes to the executive team made by the chief executive officer Rob Waller, who became permanent chief executive in November after acting in an interim capacity.

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Other changes mean that Origen’s operations department now reports to director of risk management, infrastructure, compliance and operations Kevin Gravener, who the firm said was previously focused solely on compliance and risk.

Elsewhere the private client team now reports diectly to head of private clients Stuart Newlands, following Emma Gallagher’s recent decision to leave the business and vacate her role as private client manager.

Mr Waller said: “Although market conditions continue to be difficult, I’m delighted with the amount of opportunity we are seeing and I believe we now have the right leadership structure to move forwards. I wish Emma and Matthew well and thank them for their support through our recent changes.”

The changes took place in December.

Mr Waller was made interim CEO in November after Mike Kirsch, for former chief executive, stepped down in the wake of a gaffe that led to confusion over Origen’s post-Retail Distribution Review proposition.

In Aegon’s results for the three months to June 2013 published 8 August, it said Origen would be transformed to a “tied agent network” and would only sell Aegon products.

Shortly thereafter the company backpedalled on the statement, with Aegon saying it did not mean ‘tied’ in the conventional sense, or even that Origen would become a ‘network’.