Defaqto has announced the appointment of Patrick Gale as its new non-executive chairman.

Gale replaces Rupert Pennant-Rea, who served as chairman for over six years.

Gale’s career in financial services spans more than 30 years, having worked for IFA networks and nationals, life companies, financial technology companies and consultancies.

He was previously CEO of Sesame and, more recently, executive chairman of Positive Solutions and Origen. He has served in senior roles in the past for Misys plc, HBOS, Aegon and Just Retirement.

Zahid Bilgrami, Defaqto’s chief executive, said:”[Gale] is a highly respected financial services practitioner with technology experience. As a financial research and software company, Patrick’s experience and knowledge in these areas will be incredibly valuable.

“Defaqto’s market-leading financial product, platform and fund database powers our already well renowned financial research and competitor analysis software solutions, web services, consultancy and paraplanning services, intermediary education and product ratings.

“I am excited to work with Patrick in order to achieve our ambitious growth plans across all of the sectors we serve.”

Gale added: “I very much look forward to working with Zahid and the team to achieve our strategic goals. The RDR and the evolving regulatory landscape play to Defaqto’s core strengths and present many new opportunities for us to deepen our relationships with our clients.”