As part of a planned succession programme, Jonathan Gunby will retire as CEO of Transact in March 2025.
Tom Dunbar will take over as CEO of Integrated Financial Arrangements Ltd, the operator of the Transact platform.
Gunby joined the business in 2011 when Transact’s funds under direction were £10bn.
He has been part of a core team that has grown the business to over £65bn of funds under direction.
Gunby was also a member of the team who floated the holding company in 2018 and was a director of the listed entity IntegraFin Holdings plc until he retired from that board at the end of the 2024 financial year.
Gunby recruited Dunbar as chief development officer in April 2021, and as his potential successor.
After a successful initial period, Dunbar was appointed to the Transact board in April 2023 and will now be appointed CEO.
Gunby said: “I have thoroughly enjoyed being part of the Transact success story and wish colleagues, advisers, and customers all the absolute best for the future.
“Tom has excelled in his role at Transact and I’m entirely confident that I am leaving Transact in extremely capable hands.”
Richard Cranfield, chair of IHP Group, said: “We thank Jonathan for his dedication to and hard work in the business and through his board contributions.
“He has delivered material and profitable growth for the business during his tenure, navigating significant political and economic change, alongside the impacts of the pandemic and a highly competitive platform market.
“We wish Jonathan and his wife Cheryl all the best in retirement.
“Tom has impressed me and the other board members. We are delighted to appoint Tom as CEO and wish him every success in his new role.”
