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Foreman to quit as R&SA chief executive

The chief executive of Royal & SunAlliance Peter Foreman is quitting the position at the end of this month. Foreman will be replaced by current group finance director Paul Spencer.

Julian Hance, another internal appointment will replace Spencer.

Foreman is also quitting his post as a Group Director Europe but will remain on the board until the end of this year acting as a senior adviser.

Carole St Mark has been recruited as a non-executive director.

She is president of Growth Management LLC, a US-based business development and consulting firm, and was director of Grand Metropolitan from 1995 until its merger with Guinness.


Clerical Medical revamps sales team

Clerical Medical has announced plans to reorganise its sales arm following the retirement of its sales general manager David Arthur in November.The sales team will be divided by function into pure sales and business development.The new dedicated sales arm, headed by assistant general manager sales Graeme Riddoch, will concentrate on building IFA relationships, sales management […]

Ernst & Young appoints Winckler

Ernst & Young has appointed Andrew Winckler as chairman of its newly created UK financial services regulatory group.Winckler resigned as chief executive of the SIB/FSA in January this year.Ernst & Young&#39s financial practice managing partner David Cannon says: &#34Regulatory issues are an increasingly critical ingredient of successful business development globally. This group has been created […]

Aon merges consulting businesses

Aon Consulting is merging its consulting operations into a new one-stop pensions and investment division.Former regional director for London Maurice Dyson will head the new division.The move brings the actuarial and benefits consulting, pensions administration and investment consulting practices together.Midlands regional director Steve Carlisle will succeed Dyson in the London post.Gordon Clark will head the […]

GE Financial launches guaranteed Pep

PEPSGE Financial Fund ManagementEUROPEPAim: To provide capital growth through an investment portfolio linked to the FTSE Eurotop 100 index.Minimum-maximum investment: £3,000 – £9,000.Term: Until April 13, 2004.Return: 130 per cent of the growth of the stockmarket index subject to a maximum of 175 per cent of initial investment.Minimum return: 100 per cent of initial investment.Investment […]


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