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Axa Sun Life chief executive going down under

Axa Sun Life chief executive Les Owen is quitting the company to move to Australia.

The move will see Owen promoted within Axa, to become group managing director and chief executive of National Mutual Holdings in Australia.

Axa has a controlling 51 per cent stake in National Mutual.

Owen will be responsible for Axa&#39s operations in Australasia as well as the Asia-Pacific region including Hong Kong China and Japan.

As part of the move Owen will be promoted to Axa&#39s executive committee which overseas its global operations.

Owen says: &#34This is an exciting challenge. The markets of the Asia-Pacific region have tremendous growth potential and I am looking forward to my new responsibilities and to working in an international environment.&#34


Financial Services well placed to exploit internet

Financial institutions are well placed to exploit the e-commerce revolution according to specialist on-line information providers Derwent Information.The survey focusing on British retail and banking sectors, revealed approximately 87 per cent of financial sector respondents had an e-commerce strategy compared to approximately 26 per cent of those in the retail sector.Derwent also found financial services […]

NUIF appoints managing director

Norwich Union has appointed Gerard Quirke as managing director for its investment funds division NUIF.Quirke was previously managing director, global services at Invesco. Following Invesco acquisition of LGT Asset Management Quirke co-ordinated the European integration of two groups.Prior to LGT he was finance director at Framlington.NU&#39s chief executive Philip Scott says: &#34Gerard has a proven […]

Skipton Building Society launches growth bond

Skipton Building Society is relaunching its two-year growth bond offering up to 20 per cent growth over the term.The bond guarantees to return the investors initial capital in full, while providing the potential for capital growth linked to the performance of the FTSE 100 stockmarket index.For every 1 per cent rise in the FTSE 100 […]

Portman Building Society launches one year fixed rate bond

Portman Building Society has launched a one year fixed rate bond paying 5.75 per cent.The bond has a minimum investment of £500 or £1,000 for postal applications.No withdrawals are allowed during the term.


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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