Cardiff-based robo adviser Wealthify has named Ben Luckett, the former strategy director for Aviva’s UK general insurance, as its chairman.

Luckett, who has been on Wealthify’s board since last year, is also the current managing director of Aviva’s corporate venture fund, named Aviva Ventures.

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He was said to be instrumental in helping the robo adviser to secure funding from Aviva in 2017.

Luckett said: “I am looking forward to being even more involved and supporting the business to reach its full potential. Wealthify has a very bright future, with a hugely talented and ambitious leadership team. We have many exciting developments ahead of us and I’m thrilled to be taking up my new position at such a crucial time for the business.”

Luckett succeeds Richard Avery-Wright, Wealthify’s co-founder and angel investor.

Avery-Wright’s resignation as chairman follows Aviva’s acquisition of Wealthify, which was concluded in June this year.

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Speaking on Luckett’s appointment, Wealthify CEO Andrew Russell said: “We’re delighted that Ben is moving into the role of Chairman. His experience of building a successful investment vehicle with Aviva Ventures will be hugely beneficial during Wealthify’s next stage of growth. He is keen to protect and nurture our innovative and agile culture and wholeheartedly supports our purpose to inspire anyone to build their future wealth by making investing easy and accessible for everyone.”

Earlier this month, British retail lender TSB forged a partnership with Wealthify to provide its customers with new ways to invest and save.