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Child is new MD at The Exchange

Former chief operating officer David Child is replacing Sue Summers as managing director of The Exchange.

Summers is being promoted to deputy managing director of the life and pensions division.

The move is part of a restructuring of Marlborough Stirling, which will see the business divided into three sections – life and pensions, mortgages and the Exchange.

As a result of the reorganisation executive director of distribution Tony Klim and legal & commercial director Andrew Fritchie have resigned from the board and are leaving the company.

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