Saving and investing app Moneybox has appointed Karen Kerrigan as its first chief operating officer, effective from 30 November.

Moneybox says it has grown to a community of 500,000 customers since its launch in 2016, holding over £1 billion in assets and employing a team of 170 people. Kerrigan has been brought in to help support this growth, said the firm.

Kerrigan brings managerial and legal experience from the world of financial services, spanning both in-house and private practice. She joins Moneybox from startup investment firm Seedrs, where she was part of the executive team and the board.

Kerrigan is also on the board of the UK Crowdfunding Association.

In her role as COO at Moneybox she will take on responsibility for the risk, compliance, governance, customer operations and people functions at the organisation, as well as the role of company secretary.

She will also be tasked with setting up a new legal function, as part of helping to “scale the business on the next stage of its growth trajectory”, said Moneybox.

Ben Stanway, Moneybox co-founder, said: “Karen brings with her a breadth of senior management experience from Seedrs, legal expertise that we need to continue our growth trajectory, a willingness to get stuck in and lots of energy and drive.”

Kerrigan added: “I believe deeply in the power of FinTech to make investing more accessible and fair for customers. The Moneybox team has already helped more people than ever save and invest for their future, through an engaging customer experience, a competitive product suite and a trusted brand.”

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