Today's City Moves includes Cazoo, Invesco and Headland.
Cazoo has announced Alex Gersh, formerly chief financial officer (CFO) of Paddy Power Betfair, has joined as its first CFO. Having raised over £30m late last year, Cazoo is seeking to transform the used car market in the UK. Alex joins Cazoo after spending 6 years as CFO of FTSE 100-listed Paddy Power Betfair where he oversaw the merger of two of the fastest-growing online betting operators in the world and guided the business through its subsequent transformation resulting in annual revenues of over £1.5bn. Prior to this Alex was CFO of then Nasdaq-listed NDS Group and his earlier career was spent at as CFO of BT Cellnet and at EY. Alex will be responsible for building out the finance function at Cazoo and managing the growth of the business. He will join Cazoo’s board of directors and executive team and will report directly to founder and chief executive Alex Chesterman.
Invesco has announced the appointment of Richard Glenn as head of UK insurance sales. Richard will be based in London and report to Alex Millar, head of Europe, Middle East and Africa (EMEA) institutional distribution. As head of UK insurance sales, Richard will be directly responsible for developing the UK insurance strategy, leading the UK insurance team and executing Invesco’s insurance sales plan across the UK. He will work with senior leaders across the company and will be a member of the Invesco EMEA insurance working group. Richard joins from Nomura International where he was managing director, head of insurance solutions group EMEA. In this role he was responsible for the product development and origination of financing, reinsurance and solutions activity across the European insurance sector. Prior to his 10 years at Nomura, he held investment banking roles at Lehman Brothers and Barclays Capital working with insurance and other financial institutional clients.
Headland has appointed two new partners to the firm as it continues its rapid growth. Susanna Voyle joins Headland after most recently being a partner at Tulchan for 15 years, advising a wide range of FTSE 100, FTSE 250 and private companies. Susanna has advised on some of the UK’s most significant corporate moments in recent years. These include counselling Booker on its merger with Tesco and Standard Life on the disposal of its Canadian business. She advised Merlin Entertainments, Royal Mail, B&M Retail and Bakkavor through their initial public offerings, and counselled the Co-op through the 18-month process of recapitalising the Co-op Bank and reforming the group governance structure.