Openwork has appointed Richard Houghton as interim chief financial officer, subject to regulatory approval.

Houghton (pictured) has over 30 years’ experience in senior positions across the insurance and banking industry including chief financial officer, chief operating officer and non-executive director roles.

Most recently he was interim group CFO at Hyperion Insurance Group, an international insurance intermediary group with insurance broking and underwriting agency arms.

Between 1998-2007 he worked for the Royal Bank of Scotland, serving latterly as chief operating officer for RBS Insurance. Between 2007-2012 he served as group chief finance officer at Aspen Insurance Holdings before joining RSA Insurance Group in 2012 as group chief financial officer.

From 2016 to 2017 he served as Interim chief finance officer at Co-operative Insurance. Houghton is also an experienced non-executive director having served as chair of the Audit Committee at Standard Life Assurance Ltd between 2017-2018.

He replaces Kevin Chidwick who, following two years with the business, has decided to pursue other career opportunities as Openwork begins a new phase in its development strategy.

Mark Duckworth, chief executive, Openwork, said: “We are delighted to welcome Richard to our team. His deep experience and expertise will be fundamental to our long-term success as we look to build on the continuing strong growth across our markets.”

Houghton added: “Openwork is a very exciting business with a clear and sustainable growth strategy, and I look forward to working with the team to support its ongoing expansion and development.”