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Cofunds founder Creak sets up own firm

Cofunds co-founder and former business development director Andy Creak has set up his own financial services firm.

The new company is called RPlan and is based in Chelmsford, with Creak as managing director. The firm was incorporated at Companies House in January.

On social networking site LinkedIn, Creak says RPlan will help people to be “better with money”. He describes the firm as “a financial services company that thinks of things in a slightly different way”.

Creak left Cofunds in December last year. He was the original programme manager for the platform when it was set up in 2001 and then took up the role of chief technology officer. Since then he held a number of roles at Cofunds, including chief operating officer. At the time of his departure, he was business development director.

Novia chief executive Bill Vasilieff, who helped launch Cofunds while at M&G, says: “Andy has drive and experience and it will be interesting to see what he comes up with.”

Finance and Technology Research Centre director Ian McKenna says: “I am not surprised by Andy’s move, the financial services businesses of the future will be very different. Andy has been instrumental in the development of one of the most innovative financial services company’s of the early 21st century, so his new venture sounds a natural progression.”

Creak was unavailable for comment.

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