Former IFG chief becomes new head of EValue

Financial forecasting provider EValue is appointing Paul McNamara as chief executive officer to drive growth in the workplace and robo advice sectors, replacing Mark Cappell who has left the company.

McNamara 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 per cent of the UK’s major financial services institutions and many advisory firms use its asset modelling and financial planning tools. The company says it sees robo-advice, the re-engineering of the advice process and the workplace as prime opportunities for corporate growth.

EValue chairman Ashok Gupta says: “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.”

EValue founder and strategy director Bruce Moss says: “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.”

McNamara says: “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.”