Octopus Investments, the investments unit of Octopus Group, has named Ruth Handcock as its new CEO.
Handcock is the first new CEO since the company’s inception in 2000 and will be tasked with driving its growth strategy.
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She replaces Simon Rogerson, who will continue to serve as CEO of the wider group and executive chair of the investments business.
Handcock’s tenure at Octopus started last July.
She joined the firm as chief customer officer, with responsibility for operations, sales and marketing.
Previously, she held a similar role at British challenger bank Tandem.
Commenting on the succession, Rogerson said: “Octopus Group has grown rapidly in the last few years and this feels the right time for me to focus on the wider group.
“I will continue to be involved with Octopus Investments and I am looking forward to working alongside Ruth, as we support more advisers across the UK by developing meaningful financial solutions and services for them and their clients.”
Further, Octopus has promoted its head of specialist finance Jonathan Digges as the new CIO.
In the new role, Digges will manage Octopus Energy Investments, Octopus Healthcare, Octopus Property and Octopus Ventures.
Additionally, chief product officer Sam Handfield-Jones has been appointed as growth and innovation director for the investment business.
Handfield-Jones will now be responsible for creating new financial products for financial advisers and their clients.
