Press release: Progeny announces new CTO and technology department to drive connected strategy

Progeny are pleased to announce the appointment of a Chief Technology Officer to drive and…

Progeny are pleased to announce the appointment of a Chief Technology Officer to drive and capitalise on the adoption of technology across the business and deliver on their connected strategy.


Tim Thompson-Rye

will move from his current role as Marketing Director in the business to take up the newly created Chief Technology Officer role.

As part of a wider investment in technology across the business, Tim will recruit and head up the department which will be built around the three pillars of IT, innovation and data and implement the vision for how technology will be used within Progeny to provide better client outcomes through digital transformation.

A number of new staff will be recruited for a range of roles across the department – including an

Innovation Manager

,

Data Architect

, software developers and other specialists (for more information, please see our

Careers page

).

Tim said:

“I’m delighted to be taking up this new position and I’m looking forward to helping to drive the next phase of Progeny’s evolution and growth.

“Technology is rapidly changing what clients expect from an advice firm, as they begin to seek the same tech-enabled and on-demand options that are available in many other areas of their lives.

“We want to stay one step ahead of these demands, and in doing so, use technology to further enrich the relationship between client and adviser.”

Progeny’s connected strategy will be driven by combining the strengths of traditional professional services – the people – with the innovation and reach of digital businesses.


Neil Moles

, CEO of Progeny, said:

“This is a significant investment in technology, and a commensurate investment in Progeny’s future.

“By embracing a connected strategy, we can provide on-demand advice that is able to meet and even anticipate client needs, thereby forging deeper relationships and significantly improving the service we provide.

“It will also enable us to offer services to a wider market than ever before, democratising professional advice by reaching new clients and market sectors.

“Through serious and structured investment in technology we have the opportunity to become the best and the most trusted professional advice firm out there, continually innovating and constantly improving client experience.”

Media coverage

This news was first covered in

FTAdviser

and has since been picked up in other publications. The full list includes:

FTAdviser:

Adviser on tech push as Covid-19 drives client demand

Wealth Adviser:

Progeny appoints new CTO

Financial Planning Today:

Progeny appoints CTO to drive technology use across business

International Adviser:

People Moves: Changes at Close Brothers, Deutsche Bank WM, Phoenix Group, Progeny

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