Octopus Group has appointed its former chief customer officer, Ruth Handcock, as chief executive of the investment business.
Handcock will be the first new chief executive since Octopus was founded in 2000 and will lead the group’s investment business. She joined the company from of challenger bank Tandem in July 2018.
CEO Simon Rogerson will continue in his capacity for the wider group.
Handcock will lead a growth strategy for the Octopus Investments, working with over 4000 advisers and 68,000 investors.
She says: “We want to continue to broaden out the products and services we offer to advisers and expect that technology will be at the heart of this, to remove friction, increase engagement and efficiency.
“Technology is a huge driving force for change within financial services and we want to lead the charge.”
In further changes, Octopus head of inheritance tax services Jonathan Digges has been promoted to chief investment officer.
The group has also appointed chief product officer Sam Handfield-Jones as growth and innovation director for the investment arm under Handcock.
Octopus currently manages around £8.5bn for retail and institutional investors.