SIMON Cook, the head of Draper Esprit, is moving to the position of chief investment officer at the firm. He will be replaced in the role of CEO by Martin Davis, who joins the group from investment management business Kames Capital, where he held the top job. Mr. Davis has more than 20 years' experience in financial services and technology, including eight years at Zurich Insurance, where he ran the International and Global Emerging Markets life businesses.

He was also CEO of Zurich's joint venture Openwork.