Nutmeg: UK robo-adviser, announced its CEO Martin Stead to step down
- Stead, who joined Nutmeg in 2015 and has its CEO since 2016
- He will replaced by chief financial and operating officer, Jason Alexander
- This comes shortly after Shaun Port, Nutmeg’s chief investment officer left the firm
- The digital wealth manager announced losses for 2018 of £18.6m in October
- The company recently announced plans to pivot its offering beyond a pure digital wealth management platform
- It also providing additional human-led advice and financial planning services