Stuart is currently the CFO at the specialist risk consultancy, Control Risks, and will join RateSetter’s board on 1^st September.

Prior to joining Control Risks, he was the CFO at Nex Group (previously ICAP), which he joined after 16 years of being the CFO at Hiscox.

Prior to his time at Hiscox, Stuart held positions in various financial services companies in the UK and the US including Janus Henderson Investments.

Stuart – who is a chartered account – is also a non-executive director and chair of the audit committee at Caledonia Investments PLC and a member of the finance committee of the Royal Institution.

Stuart’s appointment makes him the fourth non-executive director at RateSetter.

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Ian Boyce – the current chair of RateSetter’s board audit committee – will remain as a non-executive director and board member.

Jim Gunner, former senior executive for group risk for HSBC Holdings, chairs the board risk committee while Paul Manduca ­– who joined last July – chairs the RateSetter board and is also chair of Prudential.

“RateSetter is a fast growing and dynamic business which is pioneering an exciting, new, modern model of finance that, when fully scaled up, will be a game changer for investors,” said Stuart.

“I am looking forward to joining the board and contributing to the next phase of the business’ development.”

Paul added: “Stuart brings deep knowledge and experience of sound financial management in high growth businesses which will be integral as we build a modern investment brand underpinned by a sustainable, efficient business.

“I am very pleased to welcome him to RateSetter.”