Technology provider EValue has appointed Paul McNamara as chief executive.
He was previously chief executive at IFG Group, parent to James Hay and Saunderson House, and has held senior roles at Axa, HBoS, Standard Life and Barclays.
Ashok Gupta, EValue’s chairman, said: “I am delighted to welcome Paul to EValue and the board looks forward to working with him as we continue to shape our growth strategy.
“The board would like to thank Mark Cappell for his leadership and contribution to the business since joining us and wish him all the best for the future.”
Mr McNamara is a qualified actuary and began his career in Ireland, working at New Ireland Assurance and Bank of Ireland before moving to McKinsey and Company.
He then worked at Axa and HBoS before taking senior positions at Standard Life and later Barclays, where he was managing director of insurance and investments, before becoming chief executive of IFG Group.
He holds an MBA from Cass Business School, where he remains a member of the MBA advisory board.
Mr McNamara said: “I am excited to be joining EValue as the industry is focused on improving the quality and accessibility of advice and the opportunities that new technology can bring to financial planning and investment recommendations.
“EValue has a dynamic team and is poised to lead in the emerging market for robo-advice and artificial intelligence solutions.
“Building on its strong heritage and solid business capabilities, including unparalleled investment modelling, risk assessment and advice tools, EValue offers growth options and enhanced capabilities to its clients.”
EValue provides financial forecasting for more than 90 per cent of the UK’s major financial services institutions and a large segment of the adviser market use its proprietary asset modelling and financial planning tools.
The company sees robo-advice, the re-engineering of the advice process and the workplace as prime opportunities for corporate growth and Mr McNamara 25 years’ experience in retail financial services make him well placed to take these propositions to market and capitalise on wider opportunities.