- Rachel Beagles joins Cushon as Non-Executive Director to support the company’s strategy and fundraising ambitions
- The hire comes at a time of strong growth for the business having recently doubled its assets under management to £1.7bn with the acquisition of the Creative Pension Trust
- Cushon has been proactive in raising further capital throughout 2022, with several exciting partnership opportunities to be announced over the next year
- Rachel brings extensive experience in financial services and strong sustainability credentials, and will also chair Cushon’s Audit and Risk committee
Tuesday 5 July, London: Workplace pension and savings fintech, Cushon, is today announcing Rachel Beagles as its new Non-Executive Director during a time of rapid growth and as the business continues to fundraise.
A specialist in financial services with long-term experience in the wealth and asset management sector, and strong sustainability credentials, Rachel’s expertise will be invaluable as Cushon seeks to generate further funding and growth. Rachel will also Chair Cushon’s Audit and Risk committee, monitoring Cushon’s overall risk management framework, financial reporting processes, and compliance processes.
Rachel has over 20 years’ experience in investment. Previously, she was Chair of the Association of Investment Companies where she worked on succession planning and led the Board’s strategy to promote the sector as a suitable investment vehicle for illiquid assets. She was also Chair of Securities Trust of Scotland plc, and Audit Committee Chair of BlackRock Emerging Europe plc.
Rachel currently holds Non-Executive Director positions at the alternatives asset manager, Gresham House plc, and investment companies Witan Investment Trust plc, and The Mercantile Investment Trust plc. At Gresham House plc, Rachel is a founding member of the newly formed Sustainability Committee which oversees the Environmental Social and Governance strategy of the business.
She also currently holds a number of not-for-profit roles including Chair of the Investment Committee at Parkinsons UK, and as a member of the Investment Committee at Darwin College, Cambridge University.
Rachel Beagles, Non-Executive Director at Cushon said: “Cushon is currently going through an impressive growth period, so it’s exciting to join at such a time to help it continue to achieve its high ambitions.
“By joining as an independent Non-Executive Director in the business, I hope I can bring new perspectives to the board to support Cushon in delivering its strategic objectives and fund-raising aspirations. I also feel strongly that my skills, and knowledge of financial services – and experience in sustainability – align with Cushon’s values and benefits the company to grow even further over the coming years.”
Duncan Howorth, Chair of the Cushon Board, said: “Rachel’s expertise will be integral at such a critical time in our journey, joining our Board as we seek to generate further funding and growth.
“Sustainability is at the heart of everything we do, so having an individual of Rachel’s calibre and expertise to provide strategic, independent thinking is a fantastic addition.”
In January, Cushon closed a £35m fundraising round led by existing investors including venture capital firms Augmentum Fintech and AshGrove Capital. The fintech also doubled its assets under management to £1.7bn with a new acquisition of the Creative Pension Trust, a workplace pension scheme, which now makes Cushon the fifth largest master trust pension provider in the UK. Fintech also has several exciting partnership opportunities planned over the next year to build on its already substantive growth period.