Trussle picks ex-Target Group boss Ian Larkin as new CEO

By Oliver Smith on Tuesday 3 March 2020

Savings and Investment

The former boss of financial services outsourcer Target Group starts immediately.

Trussle picks ex-Target Group boss Ian Larkin as new CEO
Image source: Trussle's new CEO Ian Larkin.

Two months after Trussle’s founding CEO Ishaan Malhi suddenly resigned, the digital mortgage broker has announced his replacement with the appointment of Ian Larkin.

Larkin joins after five years at financial services outsourcer Target Group, which was acquired under his leadership in 2016 by India-headquartered Tech Mahindra for £112m.

“The Trussle team has done a great job so far, and our excellent group of investors are committed to the strategic opportunity that lies ahead,” said Larkin on his appointment. 

Trussle is really well positioned to lead the transformation of the mortgage industry.”

On the 20 January, weeks after Malhi’s departure, Trussle secured an additional £7.5m in funding led by new investor Rabo Frontier Ventures.

Larkin has previously held senior roles at Lloyds, Virgin Money, McKinsey and Accenture.

Trussle’s chairman Simon Williams, who led the hunt for Malhi’s replacement said Trussle was at a “pivotal stage” of its growth and “Ian’s vast experience in retail and commercial financial services, and his expertise in growing businesses and enhancing customer propositions will be an important part of our success.”

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