Pensions 

Embark Group makes senior hires to grow business

Embark Group makes senior hires to grow business

Embark Group has hired several new executives as it looks to grow across the UK.

David King will take over as managing director of Rowanmoor, Embark's specialist self invested personal pension (Sipp) and small self administered scheme (Ssas) business.

Mr King replaced Lucy Matthews who will retire in the autumn and he joined from Huntswood where he was chief operating officer. He has previously held senior executive roles at Axa Wealth and Winterthur.

His appointment appointment comes after Rowanmoor reported a 27 per cent growth in its Sipp scheme numbers. The Embark subsidiary reported a drop it its profit after tax to £200,000 during 2017 from £500,000 during the previous financial year.

David Lowe has joined the group's management team as its group head of proposition and technical, where he will have responsibility for marketing activities across the whole of the Embark Group. He joined from Zurich where he was head of corporate propositions and pensions management director.  

Meanwhile James Cannon has been appointed regional sales manager for the group in the north west and will take on the responsibility of expanding distribution in the region. Prior to joining Rowanmoor, Mr Cannon worked with Xafinity and AJ Bell.

Jane Dolan will join the company as head of transformation, working on the integration agenda and growth of the group.

Phil Smith, chief executive of the Embark Group, said: "The two Davids, James and Jane are tremendous additions to our long-term talent base. Collectively they bring significant experience and competence to our fast growing portfolio of activities.

"Having them join us is further evidence of Embark’s attractiveness to ‘hungry’ talent in our changing marketplace - and our ability to attract quality people from within our competitor universe."

Most recently Embark Group reported that it had set a goal of an IPO for 2020 and was looking towards acquisitions that are available in the market. 

rosie.quigley@ft.com

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