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Ex-Pru chief Devey joins Octopus board

Former Prudential chief executive Rob Devey has been appointed as a non-executive director of Octopus Investments.

Devey announced he was leaving Pru in April and will officially leave the insurer at the end of this month.

Prior to joining the Pru in 2009, Devey worked at Lloyds Banking Group and has also been a consultant at Boston Consulting Group.

Octopus chief executive Simon Rogerson says: “This is a key part of how we develop our business at Octopus. We are looking forward to working with Rob as we continue to use our expertise in smaller company investing to service our customers’ needs.”

Devey says: “I am delighted to be joining the board of Octopus. I am looking forward to helping steer the next phase in Octopus’ development.”

Syndaxi Chartered Financial Planners managing director Robert Reid says: ”Octopus tends to be a specialist provider of tax-related products. Perhaps this is evidence of it spreading its tentacles further.”

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