PensionsMar 27 2023

Former Curtis Banks CEO joins acquisition firm

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Former Curtis Banks CEO joins acquisition firm
(Pexels/Ketut Subiyanto)

Will Self, the former chief executive of Curtis Banks, has joined Marwyn Acquisition Company II to run its pensions division.

Self will lead the identification, acquisition, and integration of pensions businesses for MAC II.

Self was chief executive of Curtis Banks from 2019 until 2022. Before this, he was chief executive of Suffolk Life, a division of Legal & General. 

Self said: "I am excited to join MAC II and work with the Board and the Marwyn team. There is a great opportunity to bring greater consolidation in the marketplace leading to higher quality consumer outcomes and I look forward to leading this with the MAC II team."

MAC II intends to engage in selective M&A of platform and bolt-on businesses, potential strategic partnerships with established financial services operators, and to carry out operational improvements in the businesses it acquires.

Mark Hodges, the chairman of MAC II, said: "We are delighted to welcome an executive of Will’s calibre to MAC II to help us identify investment opportunities in the pension space at a time when it has never been more important to bring new solutions to families to manage intergenerational wealth. 

“Will brings over 20 years of cross-functional experience leading financial services brands in the UK, including driving M&A, that will prove invaluable as we deliver our strategy for MAC II."

The acquisition vehicle is led by Hodges, who was previously chief executive of ReAssure. Before this he held senior executive board positions at a number of large financial services and consumer businesses including Centrica, Towergate and Aviva.

It is backed by private equity investor Marwyn which has previously launched 11 similar acquisition vehicles.