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Workplace pension and savings fintech, Cushon, is today announcing Rachael Beagles as its new Non-Executive Director during a time of rapid growth and as the business continues to fundraise.
A specialist in financial services with long-term experience in the wealth and asset management sector, and strong sustainability credentials, Rachael’s expertise will be invaluable as Cushon seeks to generate further funding and growth. With a background in Audit and Risk, Rachael will also Chair Cushon’s Audit and Risk committee, monitoring Cushon’s overall risk management framework, financial reporting processes, and compliance processes.
Rachael has over 20 years’ experience in investment. Previously, she Chaired the Association of Investment Companies where she led succession planning and the Board’s strategy to promote the sector as a suitable investment vehicle for illiquid assets. She was also the Senior Independent Director at Aberdeen New India Investment Trust plc, where she headed up restructuring and changes in fee structure.
Rachael currently advises several investment companies, holding Non-Executive Director positions at Gresham House plc, Witan Investment Trust plc, and The Mercantile Investment Trust plc. At Gresham House Ltd, Rachael is a founding member of the newly formed Sustainability Committee which oversees the Environmental Social and Governance strategy of the business.
She also currently holds a number of not-for-profit roles, as the Chair for NewlonBuildLtd, the Chair of the Investment Committee at Parkinsons UK, and as a member of the Investment Committee at Darwin College, Cambridge University.
Rachael Beagles, Non-Executive Director at Cushon said: “Cushon is currently going through an impressive growth period, so it’s exciting to join at such a time to help it continue to achieve its high ambitions.
“By joining as an independent Non-Executive Director in the business, I hope I can bring new perspectives to the board to support Cushon in delivering its strategic objectives and fund-raising aspirations. I also feel strongly that my skills, knowledge and experience in financial services – and background in sustainability – align with Cushon’s values and benefits the company to grow even further over the coming years.”
Duncan Howorth, Chair of the Cushon Board, said: “Rachael’s expertise will be integral at such a critical time in our journey, joining our Board as we seek to generate further funding and growth.
“Sustainability is at the heart of everything we do, so having an individual of Rachael’s calibre and expertise to provide strategic, independent thinking is a fantastic addition.”
In January, Cushon closed a £35m fundraising round led by existing investors including venture capital firms Augmentum Fintech and AshGrove Capital. The fintech also doubled its assets under management to £1.7bn with a new acquisition of the Creative Pension Trust, a workplace pension scheme, which now makes Cushon the fifth largest master trust pension provider in the UK. The fintech also has several exciting partnership opportunities planned over the next year to build on its already substantive growth period.
Financial Services
