Embark Group (“Embark”) has today announced the appointment of Jonathan Sandell, as Group Head of Propositions, and Barry MacLennan, as CEO of Embark Investments. These individuals will form part of Embark’s new management structure, and follows a number of appointments made earlier in the year.
The new role that Jonathan will undertake combines the leadership of the proposition teams from both Embark and Scottish Widows. He will be responsible for the delivery of proposition innovations to the intermediary market and for our white label partners, ensuring a consistent approach and focus on ensuring positive customer outcomes. Jonathan brings extensive experience in this space, particularly from his former role as Director of Retail Savings & Retirement at M&G Prudential.
Barry has had an extensive career in the investment management sector. He previously worked for Standard Life where he developed their private markets solutions and distribution strategy. He was also Head of EMEA for Martin Currie and has lectured on wealth management at Edinburgh Napier University. He officially starts in late July.
The appointments of these individuals follow those of Ranila Ravi-Burslem as Intermediary Distribution Director, overseeing both Embark and Scottish Widows, and Louisa King as Embark Group Chief Risk Officer.
Jackie Leiper, Chief Executive, Embark Group and Lloyds Banking Group Pensions, Stockbroking and Distribution Director said: “These latest appointments are another step towards the completion of our new business structure and team, which will be integral to the delivery of our ambitious growth plans. A central component is a renewed focus on our diverse customer base, as well as the creation of opportunities for deeper collaboration across the business.
“Jonathan and Barry bring with them significant expertise and impressive track records, I’m excited for them to start as we continue to press the accelerator on our new strategy.”
For further information, please contact:
The Agency Partnership (Embark Media Relations)
Tel: 07880 602902
About Embark Group
Embark Group is a fast growing, diversified, financial services business and one of the leading retirement solutions providers in the UK. The Group trades under the brands Embark, Advance, Horizon, Stocktrade, Vested and The Adviser Centre and operates a wide portfolio of white label services to the Wealth Management, D2C, Robo-Advice, Retail Banking and Workplace markets.
Providing a combination of deep pension expertise and leading technology integration that cover the areas of Investment Platform, Brokerage, SIPP, Multi-Asset Funds, Fund Research and Employee Benefit Consulting, Embark works closely with financial advisers and its intermediary distribution partners to deliver their retail savings and investment propositions to consumers of all levels of affluence.
The Group has more than £36.2bn in assets under administration on behalf of c360,000 consumer clients, operating across seven UK locations (London, Bolton, Dundee, Edinburgh, Leeds, Leicester and Swindon). Embark has been recognised as one of the most innovative Wealth Tech companies for the past three years.
In January 2022 Embark became part of Lloyds Banking Group, a leading UK based financial services group providing a wide range of banking and financial services.
All figures as at June 2022.
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