Octopus Investments, one of the UK’s fast growing retail fund management companies specialising in smaller company investing, today announced that Guy Myles, one of the company’s three co-founders, is leaving Octopus to work on a new business venture and pursue his other interests.
Octopus was founded in 2000 by Guy Myles, Simon Rogerson (CEO of Octopus) and Chris Hulatt (Chief Financial Officer). Over the last 14 years it has grown rapidly by working closely with financial advisers across the UK, combining its expertise in smaller company investing with financial planning, to deliver meaningful investment solutions to its customers. It is the market leader in the Venture Capital Trust, Enterprise Investment Scheme and Business Property Relief markets in the UK.
Simon Rogerson, CEO of Octopus, said:
“Guy has helped to build Octopus into the business we have today – a business with 300 staff, 50,000 customers, more than £3.5 billion under management and, most importantly, a culture where everyone understands that the customer comes first. I’d like to take this opportunity to thank him for all the sacrifice and hard work that has gone into this over the last 14 years. Guy is incredibly entrepreneurial and is most happy when building businesses from start-up. While we are sad that he will not be with us to help drive the next phase of Octopus’ growth, we all wish him every success in his new venture.”
Commenting, Guy Myles, said:
“Octopus has gone from strength to strength over the years. It is a market leader in all of its core product areas and a well-established and successful business led by an impressive management team. Now feels the right time for me to step away to pursue my other interests in the knowledge that Octopus is well positioned for further growth over the coming years. I am incredibly proud of the business we have created at Octopus and of the 300 strong team we now have to help us deliver on our commitment to put our customers’ needs first. I look forward to seeing Octopus continuing to thrive in the coming years.”
Guy will retain his shareholding in Octopus and remain an ambassador for the company in his capacity as co-founder.
This press release is issued by Octopus Investments Limited which is authorised and regulated by the Financial Conduct Authority for use by journalists in their professional capacity and should not be relied upon by retail clients. The value of investments, and the income from them, may fall or rise. The information in this document should not be construed as offering investment or tax advice.