Mike Morrow has been promoted from wealth and platform director to chief commercial officer to lead on proposition development across the business.
In addition, he will be tasked with the development of the wealth platform and contractual relationships with adviser firms and third parties.
Claire Limon, currently director of learning and acquisition, joins the executive committee and will become wealth director.
She will remain responsible for wealth adviser recruitment as well as retaining responsibility for Openwork’s academy and learning and development.
Pat McKenna who is currently sales director at Owl Financial, Openwork’s specialist protection advice business, is retiring in March and will be succeeded by Liam Richards, who is head of sales at Owl.
Richards will report into John Cupis, mortgage director at Openwork.
Philip Howell, chief executive of Openwork, said: “Key to our success will be our ability to focus on strategic implementation of our key deliverables and it is to this end that I have created a new role of chief commercial officer.
“Mike’s understanding of the business alongside his experience and background makes him the best candidate for this important new role.
“These changes will position us well for our growth ambitions across the business and our specific focus expanding our successful wealth proposition.
“I congratulate both Mike and Claire on their new roles.
“We are sorry to see Pat retire and thank him for his considerable contribution to the development and success of Owl, from its early beginnings to a position where it now protects over 400,000 households across the UK.
“I am confident Liam and John will build on the success of Owl Financial as part of these changes.”
