EValue, the leading technology provider to the financial services industry, has strengthened its senior team with the appointment of Paul McNamara as Chief Executive Officer, effective today.
Paul was previously Group CEO at IFG Group, parent to James Hay and Saunderson House, and has held senior leadership roles at McKinsey, AXA, HBOS, Standard Life and Barclays.
EValue provides bespoke financial forecasting for over 90% of the UK’s major financial services institutions and a large segment of the adviser market use its proprietary asset modelling and financial planning tools. The company sees robo-advice, the re-engineering of the advice process and the workplace as prime opportunities for corporate growth and Paul’s 25 years’ experience in retail financial services make him well placed to take these propositions to market and capitalise on wider opportunities.
Ashok Gupta, EValue Chairman, comments: “I am delighted to welcome Paul to EValue and the Board looks forward to working with him as we continue to shape our growth strategy. The Board would like to thank Mark Cappell for his leadership and contribution to the business since joining us and wish him all the best for the future.”
Paul McNamara, EValue CEO, said: “I am excited to be joining EValue as the industry is focused on improving the quality and accessibility of advice and the opportunities that new technology can bring to financial planning and investment recommendations. EValue has a dynamic team and is poised to lead in the emerging market for robo-advice and artificial intelligence solutions. Building on its strong heritage and solid business capabilities, including unparalleled investment modelling, risk assessment and advice tools, EValue offers growth options and enhanced capabilities to its clients.”
Bruce Moss, EValue Founder and Strategy Director, comments on Paul’s appointment: “Paul’s appointment will support our growth trajectory and help us achieve our market potential. His previous management experience will be invaluable in broadening our business delivery and enabling us to serve our institutional and adviser clients with the most relevant solutions to support the financial needs of consumers. With Paul’s leadership and our market-leading asset allocation and modelling capabilities, we are well placed to offer the most reliable and robust solutions.”
Paul is a qualified actuary and began his career in Ireland, working at New Ireland Assurance and Bank of Ireland before moving to McKinsey and Company. He then worked at AXA and HBOS before taking senior positions at Standard Life and later Barclays, where he was Managing Director of Insurance and Investments, before becoming Chief Executive of IFG Group. He has held several non-executive directorship roles during his career. He holds an MBA from CASS Business School at City University London, where he remains a member of the MBA Advisory Board.
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