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Nest appoints new CEO to follow Tim Jones

Nest appoints new CEO to follow Tim Jones

Helen Dean is set to be appointed as the chief executive of the National Employment Savings Trust in the autumn.

She moves from currently being executive director for product and marketing at the organisation, replacing Tim Jones, who announced his intention to leave back in February.

Mr Jones is moving to develop and launch Tibado, a global digital cash product, which has similarities to Mondex, a smartcard based digital cash initiative he led at Natwest in the 1990s.

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Otto Thoresen, Nest chairman commented that the next few years will be critical ones in terms of ensuring auto enrolment goes smoothly for small and micro businesses. “Helen’s frontline experience of the challenges we face will be invaluable in helping Nest to navigate that journey.

“Of course, we will be sorry to see Tim go but we wish him well in his future endeavours in the digital money sector.”

The pensions minister Ros Altmann commented that Ms Dean has played a pivotal role in shaping, developing and implementing the scheme established to support automatic enrolment.

“Over the next two years, Nest’s focus will be on the hundreds of thousands of small and micro employers that will begin to enrol their workers into pension schemes, many of whom will choose Nest.”

ruth.gillbe@ft.com