There will be a new man at the helm of digital insurance distributor BGL Group come September.
Chief executive Matthew Donaldson, who has held the top post for seven years, is leaving BGL after two decades. Donaldson came onboard in 1999 and was instrumental in bringing comparison giant comparethemarket.com to life.
The CEO will say goodbye to the group tomorrow (June 19), with chief finance officer Dominic Platt assuming the role of interim chief executive until the arrival of Donaldson’s successor on September 01. Named as incoming BGL boss is Mark Bailie (pictured), who is currently on secondment as one of the four business unit leads for the NHS Test & Trace service.
“After seven successful years as CEO, Matthew will be handing over to a new leader, who will set the priorities for the next phase of development for the business,” commented chair Debbie Hewitt MBE. “We thank Matthew for the valuable contribution that he has made to BGL over the years and wish him well for the future.”
Bailie’s experience includes a decade each spent in private equity and at the Royal Bank of Scotland (RBS). The PwC alumnus was the name behind RBS’s defunct digital banking app Bó.
“He has an extensive background in developing digital strategies for consumer-facing businesses, as well as proven hands-on operational expertise and regulatory credentials, having sat on the FCA (Financial Conduct Authority) Open Finance Advisory Panel,” added Hewitt.
“He is thoroughly familiar with regulated and private equity-owned businesses and will bring strong consumer, people, and brand-led experience.”