Hyperion has announced that Richard Houghton will succeed Oliver Corbett as group CFO on an interim basis.

Effective 10 December, Houghton will serve as interim CEO and will undertake a full handover from Corbett before he leaves the group later this month.

Houghton was most recently interim CFO at the Co-Operative Insurance Society, prior to which that served as group CFO at RSA and Aspen Insurance. 

He began his career at Deloitte, after which he spent a decade in the banking sector undertaking a number of senior finance roles with National Bank of Australia and RBS, where he held the position of finance director for Direct Line RBS Insurance.

Hyperion CEO David Howden remarked: “I am delighted to welcome Richard to the Group. His experience in the financial and insurance sectors, including 10 years as CFO in FTSE 100 and S&P 500 companies, make him a strong addition to our executive committee.”

Corbett announced his intention to leave Hyperion to “pursue the next stage of his career” in July, following completion of the investment by Caisse de dépôt et placement du Québec (CDPQ) and debt refinancings in late 2017 and the earlier part of 2018.