Posted November 15, 2023
The Money Advice Trust has appointed Steve Vaid to the role of Chief Executive Officer. Steve Vaid will take on the role with the charity behind National Debtline in the New Year, as the organisation looks to realise its ambition to help even more people and achieve greater impact for people struggling with problem debt.
Steve brings extensive leadership experience in a wide range of commercial and third sector organisations, including senior executive and trustee roles at Australia Mutual Provident (AMP), Guide Dogs for the Blind and WaterAid UK.
He also brings a particular depth of experience of harnessing digital technologies to transform service delivery and impact, which will be crucial as the charity enters a new period of expansion, growth and innovation – building on its 30-year heritage and strong reputation as a leading provider of free, impartial debt advice.
The Money Advice Trust recently won three-year contracts from the Money and Pensions Service, which commissions statutory-funded debt advice in England – and continues to work with a wide range of partners in financial services, energy and other creditor sectors to increase the availability of free debt advice.
“I firmly believe that people who are struggling with their finances should not have to suffer alone. Debt problems can affect anyone, and we know they have a hugely detrimental impact on our health and happiness – which is why the work of the Money Advice Trust is so important. And with more than 8 million people struggling with problem debt, our mission has never been more urgent.
“There is always more to do and more people to reach. I am privileged to have the opportunity to take on the leadership of this amazing organisation as we look to increase the profile of our services, invest in new technology and grow our impact for the people we help in the years ahead.”
Christine Farnish CBE, Chair of the Money Advice Trust, said:
“I am thrilled to welcome Steve Vaid as our new CEO. Steve brings extraordinary experience from across the commercial and charitable sectors – and he has already demonstrated that he has the vision and drive to help us realise our shared ambitions for this remarkable charity.
“The Money Advice Trust has a formidable reputation as a leading provider of debt advice in the UK. Over our 30-year history we have helped millions of people tackle problem debt, and our work is highly regarded across the sector.
“As the cost of living crisis continues, our services have never been more needed, with more and more people struggling with bills and debt repayments. We are delighted that Steve Vaid will be taking us on the next stage of our journey, so we can grow our impact and help even more people with free, impartial debt advice that changes lives every day.”