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Bourke quits Friends for Bupa

Friends Life heritage chief executive Evelyn Bourke has resigned after less than a year in the role.

Bourke, a qualified actuary, will leave Friends Life in the autumn to join Bupa as chief financial officer. Her successor has not been named.

She joined Friends Life in May 2009 as chief financial officer and became an executive director in November 2009.

She was appointed chief executive of Friends Life’s heritage business last August, when Friends Life revealed plans to separate its open book business from its closed book, heritage business.

The heritage business comprises the UK life back book, Friends Life Investments, the UK pension fund and the listed debt of Friends Life Group plc.

In March, Resolution set out proposals to split Friends Life into two separate listed businesses which could be sold off on their own.

Friends Life chief executive Andy Briggs says: “We are grateful for the contribution that Evelyn has made to Friends Life and wish her well in her new role.”

Highclere Financial Services partner Alan Lakey says: “Whoever takes on this role has to ensure the interests of existing policyholders from the back book are put before the interests of the shareholders. That is paramount.”

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  1. As far as resolution are concerned no one is more important than the shareholders.

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