People moves: Danske Bank, Finastra, VW Financial Services and more

By Jenita Gandhi | 30 May 2019

Malloy named CEO of Third Point Re as Bredahl resigns

New York Stock Exchange-listed company Third Point Reinsurance has named Daniel Malloy its interim chief executive officer, the company announced in a press release. Malloy will replace Robert Bredahl, who has stepped down. At present, Malloy leads the company’s main operating subsidiary Third Point Reinsurance Company. He has served as executive of Third Point Re since 2012 in various roles and has over 38 years of reinsurance expertise.

Third Point Re’s Board Chairman Joshua L. Targoff, said in a statement accompanying the news: After many years of working with Dan, we are thrilled that he is taking on this new role. A proven leader with a strong track record of success and deep expertise across all aspects of the business, he is exceptionally well qualified to take the Company to its next phase of development and growth.”

CCLA announces new chief executive

London’s CCLA Investment Management has hired Peter Smith as CEO, replacing Michael Quicke who will retire after 13 years of leadership. Previously, Smith served as the managing director of investment management provider Link Fund Solutions. He will join CCLA on 9 July 2019, according to a press release.

Chairman of the CCLA board Richard Horlick said: “Michael has grown and successfully navigated the organization through a period of unprecedented change. Peter joins us at an exciting time, and with his leadership, background and knowledge the board are confident that we will continue our success in the future.”

Danske Bank appoints former ABN Amro banker Vogelzang as new CEO

Copenhagen-based Danske Bank has appointed Chris Vogelzang as its chief executive, effective June 2019. Vogelzang will succeed the interim CEO Jesper Nielsen, who was appointed after Thomas Borgen departed. Vogelzang has worked with Boston Consulting Group and Blackstone in advisory roles and has also held non-executive directorships in the Netherlands and UK.

Commenting upon the new appointment, Danske Chairman Karsten Dybvad wrote in a press release: "He has extensive leadership and commercial experience within banking and has throughout his career managed difficult challenges and delivered good results. We have a big task ahead of us in continuing to rebuild trust and at the same time developing our business in pace with customer expectations and the technological development to ensure that we remain a leading Nordic bank.”

VW Financial Services UK appoints Jean Smith as chief financial officer

VW Financial Services UK has named Jean Smith its new chief financial officer for the UK, the company has announced. With over 30 years of captive and non-captive financial services experience, Smith has worked in various international positions in VW. She is set to replace Albert van den Bergh, who is now with VWFS in Germany. Prior to this, Smith was the head of international controlling Europe for VWFS in Germany and held the role of joint managing director of VW Pon Financial Services in Netherlands.

Finastra appoints Mark Miller as chief financial officer

London-based Finastra has appointed Mark Miller as its chief financial officer (CFO). Miller will report to Finastra CEO Simon Paris. He succeeds the departing CFO Rob Binns, who held the role for three years. Miller brings with him over 25 years of experience in global technology, finance and operational functions, having worked with various leading businesses in the industry. Prior to this, he worked with Marketo as its CFO, before which he worked for 18 years in various leadership and executive positions with travel technology company Sabre Corporation.

Finastra’s CEO Simon Paris said of the appointment: “He brings extensive financial and strategic planning experience, which will provide significant value to us as we continue to build and deploy our next-generation technology.”

New CFO for Ageas

Gloucestershire-based insurance company Ageas has appointed Jonathan Price as new chief financial officer for its UK business. In his new role, he will be a part of Ageas’ UK executive team and undertake management and decision making for the company. Prior to this, he worked as the UK CFO at Aspen Insurance Group.

"His appointment completes another part of the management structure changes I announced towards the end of last year. Jonathan has broad and valuable finance experience, and I look forward to working closely with him," Ageas UK CEO Andy Watson said in a press release.

Bishopsgate gets new chief executive

London-based insurance broker Bishopsgate has hired Jonathan Turnbull as the chief executive, subject to regulatory approval. Turnbull will succeed Neil Pearce who had held the role at Bishopsgate since 2017. Turnbull brings over 25 years of expertise in the insurance broking field and was the former CEO of RFIB.

Local Pensions Partnership CEO Martin steps down

UK local government pensions services provider Local Pensions Partnership’s CEO Susan Martin has stepped down from her role after three years at the firm. The current Chief Information Officer Chris Rule will replace Martin as the interim CEO. Rule has worked with LLP since its inception in various roles such as managing director and chief investment officer of LLP’s investment subsidiary LLP Investments. In addition, LLP’s interim CFO Adrian Taylor has been confirmed as the permanent CFO of the company.

RSA revamps UK and Ireland management team

RSA Insurance Group has made changes to its UK and Ireland management teamKey Martin has been appointed as the managing director of its UK personal lines, replacing David Coughlan. RSA’s chief operating officer Darren McKenzie and CFO Matt Hotson are set to exit the insurance group as well. Louisa Leonard is the incoming COO, while RSA Irish’s CFO Gavin Wilkinson will take over Hotson’s role.

Scott Egan, CEO of RSA UK and international, said: “Our personal lines team is at the forefront of our business and critical to our success in the UK. Kay has impressive credentials for the role and will bring both energy and expertise to RSA. I am also pleased to welcome Louisa, Gavin and David Germain to the UK&I business.”

Comerica names first new CEO in 17 years as Babb becomes executive chairman

Dallas-based regional bank Comerica has elevated Curtis Farmer from president to the CEO. Meanwhile, its present CEO Ralph Babb Jr. has taken over as the executive chairman. Farmer, in his new role, will direct all bank operations except the audit department and report to Babb, who will continue serving as the chairman of Comerica inc. and Comerica Bank’s board of directors.

Babb said in a press statement: "Curt's focus on relationship banking and his experience in the financial services industry, as well as at Comerica, make him ideally suited for the role of CEO. I believe that Curt's strong leadership, integrity, and commitment to our customers, colleagues and the communities we serve will further Comerica's success in the years to come."

Armour Group appoints John Parry as Group CFO

Reinsurance and service companies Armour Group has appointed John Parry as the group CFO effective from June. Parry will report to the group’s executive committee. He joins from Lloyd’s of London where he served as the CFO and managed the tax affairs of the Society of Lloyd’s and the Market in UK and overseas.

Commenting upon his appointment, Parry stated: “I am pleased to join Armour and excited about the significant opportunities for growth and development of the company. Armour has a best-in-class team and I look forward to working with them to further the company’s strategic objectives.”

Wood joins Finantix as CFO

Banking technology services provider Finantix has named Tim Wood its new CFO, the company announced on 22 May 2019. In his role at Finantix, Wood will lead the financial operations for the company. He will report directly to the board. He has over 20 years of financial expertise across various SMEs and Nasdaq listed software and technology companies, having worked in CFO and financial director positions.

“It is a pleasure to welcome Tim to the senior management team as his experience will bring substantial benefits to our expanding financial operations,” said Ralf Emmerich, co-founder of Finantix, in a press release. “As our new CFO, he will also be playing a vital role in further developing our key network of local and global partnerships which provide a vital component in our provision of innovative and integrated solutions to our worldwide clients.”

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