OneFamily is a financial services firm that offers lifetime ISAs, lifetime mortgages, junior ISAs, child trust funds, bonds and over 50s life cover.
Islam has been chief financial officer and executive director since 2020 and his appointment “marks the beginning of the next phase of OneFamily’s journey”.
Philippa Herz will succeed Islam as chief financial officer subject to regulatory approval. She has been chief risk officer at the firm for around seven years and has previously worked at Bupa, Friends Life and Legal and General.
Prior to OneFamily, Islam worked at People’s Partnership for around five years, and before that worked for Lloyd’s of London for around three years in various roles, including managing director of Centrewrite Limited.
He also worked at Legal and General between 2007 and 2016 in a number of roles, most recently as chief operating officer for workplace savings and retail investments.
OneFamily: ‘An exciting time for the organisation’
OneFamily’s chair of the board, Steve Colsell said: “The board is delighted to appoint Jim Islam as the new CEO at OneFamily later this year. Jim’s experience and understanding of our business, coupled with his passion for financial inclusion and his commitment to our core values, means he was the unanimous choice for the board.
“I am equally delighted that Philippa Herz will be appointed as CFO. Philippa’s wealth of experience means she’ll add a huge amount of value to her new position. The board thanks Teddy for his vision and leadership over the past seven years, notably during his three and a half years as CEO, which strengthened the foundations for OneFamily’s future success.”
Islam added: “I am honoured to be given the opportunity as the new CEO at OneFamily, especially at such an exciting time for the organisation. I’m looking forward to working with the Board and with my colleagues to build on our strong foundations and accelerate OneFamily onwards and upwards.
“With our recent acquisition of Beagle Street, big investment in our IT infrastructure and our 50th anniversary on the horizon, it’s a pivotal time to be part of OneFamily and I’m excited for the future.”
Nyahasha’s continued: “It’s been my pleasure to lead this business over the past three and a half years.
“Jim and I have worked closely together during this time and he’s fully invested in moving OneFamily forwards in its growth trajectory and shares my commitment to our mutual values and social purpose. I am confident I’ll be leaving the business in the best possible hands.”
