Key Group has appointed Simon Drew as its chief financial officer pending regulatory approval.

Drew has more than 30 years’ experience in finance, across both the general insurance and logistics sectors.  

He replaces Rob Scott who has left the business.

Most recently Drew was acting CFO at private equity backed insurance consolidator Bravo Group.

The company provides support services to a network of insurance brokers across the UK.  

His career has also included roles at Crawford & Co, AON and P&O as well as other private equity backed businesses.

At Key Group, he will be responsible for the finance, human resources and the group data and business intelligence unit.  

Drew’s focus will be helping to position the business for growth as the market returns to more normal trading conditions.

As the CFO role at Key Group holds regulatory responsibilities, regulatory approval for this appointment will need to be confirmed before the appointment is finalised.  

Key Group chief executive Simon Thompson says: “This is an important time for the later life lending market and Simon’s appointment will help us to capitalise on the significant opportunities that will continue to develop.  

“I look forward to working closely with him.” 

Drew adds: “The later life lending industry has significant growth potential as well as a real focus on delivering good outcomes for customers, which is a fantastic combination for any sector. I look forward to using my experience to help develop the Group’s offering and working closely with Simon as well as the rest of the senior team.”