Aegon has appointed Patrick Gale as executive chairman of distribution.
The provider says Gale (pictured) will play a more proactive role in “ensuring strong operational performance” in its distribution businesses Positive Solutions and Origen.
PosSol chief executive Jim Reeve and Origen managing director Stephen Greenstreet will report directly to Gale.
Aegon chief executive Adrian Grace says: “Positive Solutions and Origen have made a number of changes in recent years to get ready for RDR and strong business performance will be critical to future success.
“It’s important we make the most of the expertise available to use and Patrick will be able to bring his considerable experience to bear in this new role.”
In May, PosSol and Origen posted a combined loss of £2m for the first three months of 2011.
This followed a loss of £5m in 2010 and £16m in 2009.