Key Retirement Group appoints Deputy CEO to spearhead growth

24th October, 2016 - 10:40am
  • Simon Thompson steps up from CFO to support CEO Colin Taylor

Key Retirement Group has promoted Simon Thompson to the newly-created position of deputy CEO as it builds further momentum for continuing strong growth across the financial planning specialist.

Simon steps up from CFO after three years with the group, which specialises in offering financial solutions primarily for customers in or approaching retirement, and in his new role will support CEO and founder Colin Taylor. The board will be recruiting a new CFO in the coming months.

Key Retirement Group is seeing strong growth across its businesses which have built market-leading positions in equity release advice and lending as well as retirement planning, secured loans and estate planning. Its companies include the UK’s leading equity release adviser Key Retirement as well as lender more 2 life, referral service Key Partnerships and master broker V Loans.

The equity release market is experiencing substantial growth – Key’s data shows more than £1.58 billion of property wealth has been released in the nine months to October this year, compared with £1.71 billion in the whole of 2015

Colin Taylor, CEO, Key Retirement Group, said: “Simon has made a huge contribution to the business during the last three years as a central part of our senior leadership team.

“Moving to Deputy CEO will enable him to focus on driving the next stage of growth across our business and I look forward to working with him as Key continues to expand.”

Simon Thompson, Deputy CEO, Key Retirement Group, said: “I am delighted to be given the role of Deputy CEO to continue delivering our strategy of building Key into the trusted brand for the over-55s in the retirement segment of financial services. The business has ambitious and achievable plans for growth and I look forward to working with the team to help deliver them.”

Simon has extensive strategic advisory, transaction and capital markets experience in the UK financial services sector and built expertise across a wide range of senior roles before taking up his role at Key Retirement Group in November 2013.

He joined from The Markets & International Banking Division at RBS, where he was Managing Director, Head of UK Insurance Coverage and previously worked in the Financial Institutions Group at UBS Investment Bank and at PwC. He is a Fellow of the Institute of Chartered Accountants.