Wealthsimple appoints new Europe chief as global AUM hits £4 billion

By Daniel Lanyon on Monday 21 September 2020

Savings and Investment

Toby Triebel, the outgoing CEO Europe of the digital wealth manager, is moving on to a new venture.

Wealthsimple appoints new Europe chief as global AUM hits £4 billion
Image source: Caroline Murphree/CEO Europe of WealthSimple

Wealthsimple has appointed Caroline Murphree as its new CEO Europe, replacing Toby Triebel. 

Triebel, who led the launch of the UK business in 2017, is leaving the company but will remain on as an adviser to the business in the near term. He will join Swiss private bank Vontobel's to expand the firm's digital footprint.

Murphree joined Wealthsimple in August 2018, and most recently was head of operations.  

Prior to Wealthsimple, she worked as a consultant for McKinsey. 

“I’m really proud of everything we’ve accomplished over the past four years in establishing our presence as a competitive digital investing option in the UK. It’s exciting to see Wealthsimple move into the company’s next phase of growth under Caroline’s leadership and continue on its mission to make investing easy and accessible for everyone,” said Triebel. 

Wealthsimple currently manages over £4 billion in assets globally and more than 1 million people use Wealthsimple products in the UK, Canada and the US. 
“We have big ambitions as a company and the right team, strategy and growth in place to help us deliver on our goal of helping people secure a stronger financial future. I look forward to leading the company as we remain focused on building out our core investment product and growing our business-to-business offering in the UK and Europe,” said Murphree. 

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.