Clear Group appoints new CFO as Money steps down

Clear Group has appointed Nathan Bavidge as its new chief financial officer, with Tim Money having decided to step down.

Money joined in 2020 as CFO and ”played a central role in supporting the group’s rapid growth and acquisitive strategy”, according to the broker.

He has decided to leave as he looks to pursue new opportunities.

Money said: ”I have hugely enjoyed my time at Clear Group, in particular working with such a talented and inspirational team of colleagues.

”I will continue to watch Clear Group’s growth with pride and full confidence in the success that lies ahead. I wish you all every success for the future.”

Mike Edgeley, chief executive at Clear Group, said: “Money will be greatly missed. He has had a significant impact on Clear’s growth and has been instrumental in helping us move from £5m to £70m of Ebitda, from 200 to more than 1,200 colleagues, completing 40 acquisitions and building a highly valued and professional finance function.”

Experience

He is succeeded by Bavidge, currently CFO at Three Rock Group, parent company of Chill Insurance, Quote Devil Insurance and Ivernia MGA.

Prior to that, he held executive positions spanning finance, risk, strategy and M&A at Policy Expert, Compare The Market, BGL Group and Direct Line Group.

“I am excited to be joining Clear Group at such an important stage in its journey,” Bavidge said.

“Clear Group has built an impressive reputation in the market, underpinned by strong culture, entrepreneurialism and a clear strategic vision.

”I look forward to working with Edgeley and the wider leadership team to help support the next phase of the group’s growth.”