FinTech Scotland has begun looking for a new chief executive, as from November Stephen Ingledew will become executive chair, after leading the body since its initial formation in January 2018.

David Ferguson, the current non-executive chair, will step down from the role which he has held for over two years - although he will continue to actively support FinTech Scotland's move into its next phase.

The industry body anticipates being in a position to name a new leader by the end of the year. In the interim, Nicola Anderson, the current strategic development director of FinTech Scotland, will take on the role of acting chief executive.

She has been on full time secondment with FinTech Scotland from the Financial Conduct Authority for two years, helping to support the Scottish FinTech community.

In addition to his role of executive chairman for FinTech Scotland, Ingledew will take on a part time secondment to Scottish Enterprise as a director for six months from November.

He will report to managing director Linda Hanna and will contribute to the development of future strategic opportunities to support economic recovery.

Ingledew has also recently been appointed to the newly formed UK Government Innovation Expert Group, set up to advise on driving productivity through innovation.

He commented: "It has been a privilege to lead FinTech Scotland and deliver significant milestones across the FinTech cluster, but this is the right time to further strengthen the leadership team.

"I look forward to working with the Scottish Enterprise team to accelerate and shape strategic programmes, sharing my experience of developing clusters to drive inclusive innovation and economic opportunities."

David Ferguson, chief executive of Nucleus Financial, added: “It’s been hugely interesting seeing FinTech Scotland come into being and to see Stephen do such a great job of generating momentum over the last couple of years."

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