John Reeve stepping down after over 30 years of service
Family Investments, a leading supplier of financial solutions for the family, has appointed Simon Markey as Chief Executive. Simon will join the business in November and succeeds John Reeve who having reached 65 is retiring after over 30 years of service.
Simon Markey started his career at Lloyds Bank in 1984 where he remained for over 20 years. During his tenure at Lloyds, Simon held numerous positions including Head of Savings and Director of Customer and Sales. Following Lloyds, Simon became Managing Director at Lifestyle Services Group Ltd and CEO of Consumer at Marsh UK Ltd, before joining NBNK Investments PLC in 2011.
Simon joins Family Investments at an exciting time following the business' continued growth over recent years - assets under management have more than doubled to nearly £4 billion while membership of the Friendly Society now exceeds 1.75 million, almost double the number five years ago.
Today Family Investments has 1.3 million Child Trust Fund customers, making it the largest provider in the country. The business also provides the Post Office ISA and has become the largest provider of investment based Junior ISAs since the launch of the product in November 2011.
Robert Weir, Chairman at Family Investments said: "We are delighted that Simon is joining Family Investments. He has an excellent track-record and comes with the necessary experience to continue to grow the business. This is an exciting time for Family Investments and I am confident Simon is the right person to lead it.
"We would also like to thank John Reeve for his exceptional service to Family Investments. Since joining as only the second employee in 1982, John has guided the business to become one of the UK's largest friendly societies, whilst always fully adhering to and upholding our principle of putting families first."
Simon Markey, the new CEO at Family Investments said: "I am excited to be joining a business with such a strong identity and an excellent relationship with its customers. I will work to continue to provide relevant financial solutions to families and superior service whilst also exploring new opportunities."
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