Former Virgin Money chief Gadhia lands new role as Moneyfarm chair
The bank executive who helped to transform Virgin Money into one of Britain's biggest high street lenders has landed a role at the helm of a British-based digital wealth manager.Dame Jayne-Anne's appointment will ignite speculation that Moneyfarm, which is backed by the asset management group M&G Investments, is preparing the ground for a stock market listing.
Launched in 2012, Moneyfarm has about £2.5bn of assets under management, and roughly 90,000 active investors as customers. Among its other shareholders are Poste Italiane, the Italian postal service, and Allianz Asset Management. The Moneyfarm chairmanship adds to Dame Jayne-Anne's portfolio of roles, which includes chairing HM Revenue & Customs and Snoop, a money-saving app she founded and runs.
Her role steering Virgin Money towards and through its initial public offering is likely to have been of particular interest to Moneyfarm's founders and board.
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