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Duffin leaves Royal London due to restructure

Royal London executive director Brian Duffin has announced he will be leaving the Group at the end of March 2007 as part of a reorganisation of the business.

The Group has created a new IFA division and appointed John Deane from Old Mutual who will join in April 2007.

Deane will have overall responsibility for each of Royal London’s IFA businesses – Scottish Life, Bright Grey and Scottish Life International.

As part of the changes, Royal London Asset Management chief executive officer Andrew Carter will be joining the Royal London Group Board.

Duffin has not said why he will be leaving but says after 30 years’ service he is happy to step down as part of the reorganisation.

Group chief executive Mike Yardly says: “John has an excellent track record of developing profitable businesses and I am confident this appointement, heading up our newly formed IFA Division, will enable us to further accelerate the growth of our businesses for the benefit of our members.”

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