OneFamily has announced that its chair of nearly seven years, Christina McComb, is to step down at its Annual General Meeting in June.

McComb was appointed in 2015 after Engage Mutual merged with Family Investments to become OneFamily. She was instrumental in bringing the two organisations together. Prior to the merger, she had served on the board of Engage Mutual from 2005, which included a year as chair from 2014.

Steve Colsell will, subject to regulatory approval, succeed McComb as chair of OneFamily. He was appointed to the Board in 2016 and currently chairs the Board Risk Committee. A Fellow of the Institute and Faculty of Actuaries, his financial services career has spanned banking, insurance, wealth management and mortgage lending in both executive and non-executive roles.

McComb said: “I’m honoured to have been the chair through a time of great change for the business and am proud that I am leaving OneFamily in strong financial shape and in a position where it has a clear sense of its social purpose and an exciting future ahead. Having worked closely with Steve over the last six years, I know he has the drive and determination to take OneFamily to the next level of success.”

Colsell added: “I want to thank Christina for her energy, direction and tireless dedication to OneFamily. She is an inspirational person to follow and I am looking forward to continuing to work with the team to build on her legacy.

“It is a privilege to be appointed as the chair of OneFamily. The business will retain its focus on long term sustainability and creating and protecting value for our members, alongside keeping social responsibility, diversity and inclusion right at its heart.”