Paul McMahon is to join FNZ as the CEO of its UK business. He moves from Aegon, where he held the role of Group Marketing Director.
Prior to that Paul was responsible for getting AXA into the platform sector with the development and launch of the AXA Elevate platform, which recently announced that it has grown to over £4 billion in assets under administration.
Adrian Durham, Group CEO of FNZ said, "FNZ provides the core operating platform for a significant portion of the UK savings and retirement sector. We are delighted to have someone of Paul's calibre join FNZ. Paul will be responsible for all functions in the UK and will ensure that we continue to provide outstanding service to our customers, help them rapidly grow assets on platforms further and ensure that they are the winners in this rapidly evolving market. This provides a foundation for FNZ to continue to expand internationally, supporting a global transition to increased transparency and efficiency in the retail savings and retirement sector."
Paul McMahon said, "I have been actively involved with FNZ as a customer since very early in its evolution. I admire the impact FNZ has had in transforming the UK savings and retirement market, both ensuring that all of its customers are successful in the platform space, and rapidly building a highly successful scale business from a standing start a few years ago. The combination of the retail distribution review and auto‐enrolment is bringing a seismic shift to the provision of retirement and savings services in the UK, which FNZ's customers are very well placed to benefit from. I am very excited to be joining FNZ at this time and helping it to take its business to the next level."