After four years of guiding the board of the leading cash management company of the region, Andrew Marsh is handing the reins to two new additions who will support the company in its next stage of growth.
Paul Rippon, co-founder of Monzo, and Christian Balshen, Director of Agent Partnerships at Rightmove, are joining Cascade Cash Management to continue the work started by Andrew and take the company to the next level of its strategic growth plan.
Dr Emma Black, who met Andrew through Vistage, took a moment to thank Andrew and recognise everything accomplished under his stewardship. She said:
“When Andrew joined Cascade we were facing so many challenges including a severe drop in interest rate and then a rebound which meant demand was above anticipated.
“During his term as chair he helped take us through a transformation to profitability, ensuring we have operations efficiency, faultless governance, and he leaving us in a position where our business is set to scale in every aspect. He has also been instrumental of the maturing of our management team having supported us all via Vistage with coaching, mentoring and events to increase our knowledge and our network.”
Cascade can boast a portfolio that currently stands at £250 million, having administered over £2bn since inception. The planned growth aims to secure £1bn of assets under current administration with Cascade, and Andrew’s foundations will allow our team to facilitate this growth in the coming year. Andrew said:
“Moving forward, Cascade is looking to scale up increasing distribution channels and routes into the market. Paul and Christian are perfectly placed to assist with this. The team are also focussed on integrating more with their advisory audience and the leadership team is confident that further investment in the fintech with enhanced functionality for customers will make them an even more attractive option for many more savers. It has been a rewarding role, and as I move into other Non-Executive roles, I will continue to watch them with interest as I am sure their next growth will be impressive.”
Emma concluded by saying:
“Thank you to Andrew for his own input and as a board chair – we will be keeping in touch and recommend him as a chair if you want your business to build to profitability.
“Our thanks don’t seem enough, and we all have a sense of sadness that his term is coming to an end. It is, however, very exciting that Paul and Christian will be sharing their knowledge and journey with us to help us navigate our scale-up stage and bring our goals to life.
“Andrew was exactly the right chair for the stressful but enjoyable part of Cascade’s journey – he challenged us without conflict in a non-critical, collaborative way to assist us to get to better solutions. His involvement in and encouragement of us all to learn via Vistage has been so impactful for myself as CEO, and for our whole team. We feel ready to take on the next exciting stage, armed with knowledge and confident of our vision.”