FinTech firm for private investments Delio has appointed ex-Thomson Reuters figure Mark Redwood as chairman.

Government advisor Sally Jones-Evans will also join the WealthTech company’s board, in the capacity of non-executive director.

Founded in 2015, the firm’s technology supports wealth managers, private banks, family offices and angel networks and its clients include Barclays, Coutts and National Australia Bank.

The firm is represented across the UK, Australia, North America, the Middle East, Asia and Europe with around 60 employees.

New hire Redwood spent the majority of his career in financial services and is an angel investor.

He has held senior management positions at Thomson Reuters, where he headed the multinational conglomerate’s largest operating unit.

Delio will be the third company in which Redwood will serve as Chair, as he is currently on the executive Boards at tech provider Spektrix and Stockholm-based Karnov Group.

On his appointment, Redwood said: “When I first met with Delio, I quickly resonated with the team and their mission to digitise the financial landscape.

“At the time, I was looking for an early-stage company in its initial growth phase, and Delio quickly reminded me of some of the successful projects I previously invested in.

Also joining the Delio Board is Sally Jones-Evans. The former Lloyds Banking Group Executive now serves as a Non-Executive Director for several high profile businesses in Wales, including Principality Building Society and water company Hafren Dyfrdwy.

She is also a Non-Executive Director for the Department for International Development, and previously acted as a member of the Welsh Government’s Financial and Professional Services sector advisory panel.

Jones-Evans said: “It’s companies that are right on our doorstep that get me excited about Wales’ growing influence on the global financial scene. After working in the financial sector for more than 30 years, I believe that Delio’s progressive attitude towards digitisation within the finance sector has enormous potential.

“Technology is undoubtedly disrupting financial services for the better, which is why I look forward to joining Delio’s Board and further enhancing Wales’ reputation within the fintech industry.”

Gareth Lewis, Chief Executive at Delio, added: “In Sally, we have someone joining the Board who understands our Welsh heritage while embracing our international ambitions.

Simultaneously, Mark’s experience of the market both professionally and as an investor will help us to shape our technology so that we can continue to tackle the ever-changing challenges that many of our end-users face.”