Significant developments are underway at Seccl, an embedded investment platform, as it receives additional investment from Octopus, promising substantial growth. Focusing on both the UK and international retail wealth markets, Seccl navigates a management reshuffle to capitalize on emerging opportunities. David Ferguson, the current CEO, transitions to the role of executive chairman, allowing him to concentrate on the company’s strategic vision and expansion. This shift is propelled by recent client acquisitions and a burgeoning pipeline of potential prospects.
Seccl is actively seeking a new UK CEO responsible for day-to-day operations, ensuring ongoing client satisfaction and executing the business plan. Until the appointment receives regulatory approval, Ferguson remains in charge, overseeing Seccl’s 180-member team and reporting to Ruth Handcock, the non-executive chair of the board. Seccl manages over £3 billion in assets for more than 250,000 customers, with expectations of a tripling in assets under administration within the year.
Ferguson expresses optimism about Seccl’s potential to evolve into a transformative enterprise by leveraging the vast opportunities before them. Ruth Handcock underscores Octopus’s commitment to nurturing game-changing companies with long-term vision. Under Ferguson’s leadership, Seccl has achieved notable growth, with the expanded executive team targeting high domestic demand while preparing for international outreach. The restructuring aims to strategically manage and optimize Seccl’s promising growth trajectory effectively.
