OneFamily appoint new chief executive

OneFamily has today announced the internal appointment of Jim Islam as chief executive, subject to regulatory approval.

Related topics:  OneFamily,  New Hire
Protection Reporter
31st August 2023
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"The Board is delighted to appoint Jim Islam as the new CEO at OneFamily later this year."
- Steve Colsell, Chair of the Board of Directors at OneFamily

After over three years in the role, Teddy Nyahasha will be stepping down as chief executive of OneFamily. He said that it’s been a “pleasure to lead this business” and that he believes his successor is “invested in moving OneFamily forwards in its growth trajectory and shares my commitment to our mutual values and social purpose.”

Jim Islam will replace Nyahasha later this year, subject to regulatory approval. Prior to this role, Islam served as chief financial officer at OneFamily and has been a member of the Board of Directors since 2020.

As a qualified actuary, Islam has over twenty years of leadership experience in the insurance, investment management, savings and pensions sectors. He’s worked in several senior finance and general management roles at Lloyd’s of London and Legal & General, in which he has influenced the UK and global markets.

Islam has said that he is “honoured to be given the opportunity, especially at such an exciting time for the organisation.” Given its recent acquisition of Beagle Street, he believes that with “big investment in our IT infrastructure and our 50th anniversary on the horizon, it’s a pivotal time to be part of OneFamily and I’m excited for the future.”

Philippa Herz will succeed Jim as chief finance officer, subject to regulatory approval.

Commenting on the appointment, Steve Colsell, Chair of the Board of Directors at OneFamily, has said:

“The Board is delighted to appoint Jim Islam as the new CEO at OneFamily later this year. Jim’s experience and understanding of our business, coupled with his passion for financial inclusion and his commitment to our core values, means he was the unanimous choice for the Board. I am equally delighted that Philippa Herz will be appointed as CFO.

“The Board thanks Teddy for his vision and leadership over the past seven years, notably during his three and a half years as CEO, which strengthened the foundations for OneFamily’s future success.” 

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