Aveni has appointed Colin Clark as chair of its newly-formed board.
He will now work with founder and chief executive Joseph Twigg and chief operating office Jamie Hunter to build out the board, along with opening up new sales opportunities for the fintech firm.
Clark’s 40-year executive career in asset and wealth management - with S.G. Warburg, Mercury Asset Management and Merrill Lynch - culminated in his role as executive director at Standard Life.
Since 2018, he has held several non-executive roles in financial services, including chair of AXA Investment Managers UK, senior independent director at Rathbones and chair of The Merchants Trust.
Clark commented: “I have known Joseph from his previous investment roles and always been impressed by his energy and desire to find solutions.
“I’ve followed Aveni closely since it was founded in 2018, so it was a role I was delighted to accept.
“The business has significant potential for scale and has focused very well so far on bringing in excellent people to develop a product which is truly solutions-focused for the financial services industry and regulatory needs.
“We will continue that as we build the board - identifying the right mix of experience, skill and diverse thinking to help the business thrive and expand.”
Twigg said: “Colin brings the essential mix of executive and non-executive experience which Aveni needs to move to the next phase of its strategic growth.
“His deeply embedded investment experience, strategic approach and honest insights will be crucial to help us address challenges and challengers, as well as identify new opportunities for market expansion.”
Aveni’s conversational intelligence technology is aiming to drive a new level of speech automation for regulated industries. The Aveni Detect AI-based platform uses the latest advances in natural language processing to monitor customer interaction; enabling greater regulatory compliance.
In June, the Edinburgh-based business secured £2.75m to fund product development of the platform across the financial services and utility markets in the UK. The round was led by the TRICAPITAL Syndicate and Par Equity, supported by Scottish Enterprise.
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