Stead, who joined Nutmeg in 2015 before taking over as CEO in 2016. Over this period assets under administration have increased from £300m to approaching £2bn and revenue has quadrupled.
Neil Alexander has been appointed the new CEO of digital wealth manager Nutmeg, taking over from Martin Stead.
Alexander, formerly chief financial and operating officer, takes over from Stead who is set to leave the business in early 2020 to move overseas, according to the company.
Stead, who joined Nutmeg in 2015 before taking over as CEO in 2016. Over this period assets under administration have increased from £300m to approaching £2bn and revenue has quadrupled.
Alexander joined Nutmeg in May 2017 from Secretsales.com which was sold to Wowcher during his tenure.
William Reeve, chair, Nutmeg board, said: “Following over four years leading the transformation of Nutmeg from start-up to scale-up, Nutmeg’s CEO, Martin Stead, will be leaving the company in early 2020 in order to move overseas. Neil Alexander has been appointed chief executive officer to lead the business through its next stage of growth."
Matt Gatrell, chief technology officer, will also join the Nutmeg board as an executive director.
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