Fintel appoints Tom Hegarty as new Simplybiz CEO
By Josh White
Date: Thursday 27 Mar 2025
(Sharecast News) - Fintel has announced the appointment of Tom Hegarty as the new chief executive officer of its Simplybiz division on Thursday, effective 1 April.
The AIM-traded firm said the move marked a return to the business for Hegarty, who previously held leadership roles within the group and had extensive experience in financial advice and talent development.
It said Hegarty was joining from M&G Wealth Advice, where he served as managing director and was instrumental in the creation of the Advice Partnership.
He also established the M&G Wealth Advice Academy in 2021.
Earlier in his career, Hegarty was managing director of the New Model Business Academy, a not-for-profit training arm of Fintel, formerly SimplyBiz Group.
During his tenure, he launched one of the UK's first apprenticeship programmes in financial advice, further demonstrating his commitment to industry education and skills development.
He currently chairs the New Talent Alliance and the Trailblazer Group, two sector-wide initiatives aimed at attracting and developing future talent in financial services.
"Tom's extensive experience and proven track record make him the ideal person to lead Simplybiz," said Fintel chief executive officer Matt Timmins.
"I believe that Tom will work with the team to build enhancements to our compliance and regulatory services whilst focusing the business on the technology opportunities of the future.
"Across Fintel, we have invested in a wealth of solutions which make us the number one provider of technology to the UK intermediary market, and I'm confident Tom's work with the team across the group will significantly enhance their delivery."
Timmins said that, having worked with Tom for a number of years, he knew he "has the vision and delivery mindset"@ to build an "even greater business" than the one today.
"Simplybiz remains committed to supporting financial advisers and intermediaries by providing comprehensive compliance, business, and technology services.
"With Tom at the helm, the company is poised to further strengthen its position as a trusted partner in the financial services sector."
At 0800 GMT, shares in Fintel were flat at 233p.
Reporting by Josh White for Sharecast.com.
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