Duckworth will assume the new role with immediate effect subject to necessary approvals being granted. He will lead Openwork’s 6-strong senior management team, with responsibility for 3,000 advisers across the group.
He takes over the role of CEO from Mary-Anne McIntyre, who has left the business to pursue other opportunities.
Commenting on the appointment, Christopher Rodrigues, chairman of the Openwork Group, said: “Having performed the role of managing director with distinction over the last three years, Mark was the natural choice for the role of CEO.
“Mark has a wealth of experience and will offer valuable continuity, stability and enthusiasm as he and the wider management team seek to build on Openwork’s success and take the business on the next step of its journey.
“I would like to take this opportunity on behalf of everyone at Openwork to thank Mary-Anne for her hard work and commitment and we wish her all the best for the future.”