Wealth at Work has appointed former Schroders Personal Wealth and Openwork chief executive Mark Duckworth as its next chief executive, succeeding founder David Cassidy from 1 December.
Duckworth joins the workplace financial education, guidance and advice provider with more than 30 years’ experience in financial services.
He was previously chief executive of Schroders Personal Wealth (SPW) and Openwork, and has focused on growing financial advice businesses during his career.
During his five years at SPW, the business grew to more than 300 advisers and 60,000 clients, recording £101m of profit in 2025.
Duckworth will replace David Cassidy, who has led Wealth at Work since the business was established in 2004.
During Cassidy’s tenure, the company has expanded its workplace financial education services to millions of employees across more than 700 employers, including Marks & Spencer, BT, Centrica and the NHS.
Wealth at Work also advises individual clients and manages more than £4.5bn of assets, supported by more than 100 employed advisers.
David Gagie, chairman of Wealth at Work, said: “Mark is an outstanding appointment for Wealth at Work, combining deep sector expertise, a proven track record of scaling businesses, and a clear view of how technology will continue to help transform the Wealth at Work offering.
“The Board is grateful to David for his vision and stewardship, which leaves the business in a strong position as the need for workplace financial wellbeing, particularly at retirement, continues to grow.”
Duckworth said: “I am delighted to be joining Wealth at Work as Chief Executive Officer to build on the outstanding platform that David and the team have created. The business has a clear and important purpose, improving financial wellbeing and helping more people access high-quality financial education, guidance and advice through the workplace.
“With demand for trusted guidance and advice continuing to grow, Wealth at Work is exceptionally well positioned to support employers and individuals at scale. I look forward to working with the Board, the management team, colleagues and clients to continue developing the business to broaden access to financial education, guidance and advice, and deliver great outcomes for clients.”
Stuart Payne, chief financial officer, will become interim chief executive until Duckworth takes up the role on 1 December.
Following Duckworth’s arrival, Payne will move into the combined role of chief financial and operations officer, with responsibility for supporting the company’s growth plans and bringing financial and operational decision-making more closely together.
