Stead becomes Nutmeg CEO as Hungerford steps down

Added 3rd May 2016

Nick Hungerford has stepped down as Nutmeg CEO as the firm prepares for its next iteration.

Stead becomes Nutmeg CEO as Hungerford steps down

According to the Nutmeg chairman Craig Anderson, the decision follows a record-breaking tax year end and a new level of scale, for the business.

"It’s time for us to gear up for our next stage of growth,” Anderson explained, before announcing that chief revenue officer, Martin Stead, would become the second CEO in the company’s history.

Hungerford who has held the CEO title since the investment management business's inception five years ago, will now assume the role of non-executive director of Nutmeg.

Before joining Nutmeg, Stead sat on the B2C executive team at EDF Energy where he oversaw a variety of functions, including new customer acquisition, product development and digital sales.

Hungerford lauded the choice of Stead as CEO: “I am convinced that he has the skills necessary to lead Nutmeg, tackle the day to day challenges and deliver on our vision for customers. Most importantly Martin has passion and conviction in our mission and that makes this appointment an easy one.”

“My role at Nutmeg is geared toward building the brand, developing the vision and making sure Nutmeg has a voice among its peer group. I look forward to assuming my new role and I’m delighted that Martin has agreed to take on the role of CEO...Under Martin’s leadership, Nutmeg 2.0 will transform financial advice and the relationship that Europeans have with their money,” Hungerford said.

Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Premier Multi Asset Global Growth - Alex Farlow
Premier Multi Asset Global...

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Kristen McGachey

Senior Reporter

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.

This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.



Investment Strategy




PA Dublin October 2017
PA Dublin October 2017

Tuesday 10 October
Westbury Hotel, Dublin

PA US 2017
PA US 2017

Tuesday 17 October
Furniture Makers' Hall

PA Channel Islands November 2017
PA Channel Islands November 2017

Tuesday 14 November
Royal Yacht Hotel, Jersey

PA Alternative Ucits November 2017
PA Alternative Ucits November 2017

Tuesday 7 November 
Furniture Makers' Hall

Sponsored Content