Digital wealth manager Moneyfarm has appointed a chief investment officer (CIO) and a chief financial officer (CFO).
Richard Flax joins Moneyfarm as CIO having previously held portfolio management roles at both PIMCO and Goldman Sachs Asset Management.
He brings more than 17 years of institutional experience to the role and will oversee the full remit of Moneyfarm’s investment decision-making.
Paolo Savini Nicci joins as CFO, bringing more than 15 years of experience in principal finance and private equity, including roles at Morgan Stanley, AnaCap Financial Partners and Cabot Square Capital portfolio companies.
Moneyfarm has more than 80,000 active users and has experienced a 60 per cent increase in its user base for 2016 to date.
Moneyfarm co-founder Paolo Galvani says: “Moneyfarm has an incredibly strong team that has achieved great things over the last five years. Richard and Paolo bring experience that will help the company in our next phases of growth – as we look to build out our product offering to deliver great customer outcomes for the full wealth lifecycle.”
Flax says: “I’m really excited to join the dynamic team at Moneyfarm. As a company it is delivering a high quality solution to customers and I’m very much looking forward to building on that success to create the best possible investment experience.”
Savini Nicci adds: “Moneyfarm is delivering something truly important, it is making high quality investing simple for customers, at a time when both the savings gap and the need for individuals to take control of their finances are growing. I’m very excited to be part of that future.”
