Robo-adviser hires CIO from BlackRock

Robo-adviser hires CIO from BlackRock

Robo-adviser Moola has hired Simon Moore as its chief investment officer.

He was previously chief investment officer of FutureAdvisor, the robo-adviser acquired by BlackRock in 2015.

Gemma Godfrey, founder and chief executive of Moola, said: “We are delighted to have Simon join the Moola team, and bring his vast knowledge and experience of both finance and technology to ensure our investment service meets the evolving needs of the customer.”

Before working at FutureAdvisor, Mr Moore worked at Putnam Investments, Microsoft, Anheuser-Busch and the Bank of England.

He is the author of a book on portfolio management and one on automatic investing.

Mr Moore said: “The scale of Moola’s accomplishments and partnerships to date are impressive.

“I am excited to contribute to Moola using technology to reach a broader set of customers with their world class investment service.

“When looking at the recent US experience, the next few years in Europe should see tremendous growth of online platforms such as Moola.”

Moola was authorised by the Financial Conduct Authority in December and aims to provide “accessible investing” which can be accessed for as little as £200.

Its products and research are provided by BlackRock while the client money is held by Winterflood.

It has been backed by Run Capital, Odysseus Investments and a consortium of private investors.