The Openwork Partnership has appointed Jennifer Mathias as its new chief financial officer (CFO).
Mathias joins from FTSE 250 Rathbones Group Plc, where she held the position of Group CFO and latterly Group chief of staff for over five years.
Prior to Rathbones, she held positions as CFO & Deputy CEO of EFG Private Bank (UK) and Global CFO of Coutts, having commenced her career with 14 years in Lloyds Banking Group.
The appointment follows the recent announcement that Bain Capital has committed to make a significant minority investment in Openwork.
The investment, subject to regulatory approval, will enable the group to capitalise upon its unique market position across the wealth management, mortgage and protection advice sectors.
Philip Howell, CEO of Openwork, said: “In line with our growth ambitions, we have assembled a high calibre senior management team to which we are very fortunate to now add a CFO of Jennifer’s proven track record and extensive knowledge of the sector. We look forward to welcoming her to Openwork in January.”
Jennifer Mathias added: “I am delighted to be joining Openwork as it enters an exciting new chapter of growth with the added support of Bain Capital. There is no doubt that the business is well placed to take full advantage of the market opportunity for advice.”
The Openwork Partnership is one of the UK’s largest financial services networks, with over 4,300 financial advisers.
It operates as a directly authorised, multi-panel distribution network. Its offerings include pensions, annuities and protection.
Omnis Investments, the investment arm of the group, offers a range of investment funds, managed by some of the best fund managers in the market, as well as a managed portfolio service.
In the mortgage sector, The Openwork Partnership operates a panel of over 50 lenders for mortgages and is among the top three networks for almost all the major mortgage providers.
