Key Group has appointed Simon Drew as chief financial officer (CFO).

Drew has spent over 30 years in general insurance and pan-European logistics industries. He most recently acted as CFO at private equity (PE) backed insurance consolidator Bravo Group, which provides support and services to a network of owned and independent insurance brokers across the UK.

His career has also included roles at Crawford & Co, AON and P&O as well as other PE backed businesses.

At Key Group, he will have overarching responsibility for the finance and human resources functions as well as the group data and business intelligence unit. Drew will focus on helping to position the business for growth as the market returns to more normal trading conditions.

As the CFO role at Key Group holds regulatory responsibilities, regulatory approval for this appointment will need to be confirmed before the appointment is finalised. Drew replaces Rob Scott who recently left the company.

Simon Thompson, Group CEO at Key Group, said: “We are delighted to welcome Simon Drew to the group as our new CFO. This is an important time for the later life lending market and Simon’s appointment will help us to capitalise on the significant opportunities that will continue to develop.  I look forward to working closely with him.”

Drew added: “The later life lending industry has significant growth potential as well as a real focus on delivering good outcomes for customers, which is a fantastic combination for any sector. I look forward to using my experience to help develop the group’s offering and working closely with Simon as well as the rest of the senior team.”