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Gibbs joins Friends board as independent director

Friends Life has appointed former Merrill Lynch chief investment officer Peter Gibbs as an independent director.

Gibbs will become a member of the board’s investment oversight committee and will take an active role in the development of the provider’s investment strategy.
Gibbs will work alongside Karl Sternberg, Derek Ross, Nick Lyons, Ian Maidens and Evelyn Bourke, who is executive director on the committee.

Friends Life chairman Sir Malcolm Williamson says: “Peter will undoubtedly play an instrumental role as we look to advance the investment processes and capabilities of the new business.”

Gibbs is a non-executive director of Intermediate Capital, Impax Asset Management and UK Financial Investments and a director of Merrill Lynch Pension Plan Trustees. He has held roles at Mercury Asset Management and pan-European trading platform Turquoise.

The appointment follows structural changes at the life and pension firm.

Last week, Friends confirmed plans to divide its operations between an open and a closed book of business, UK Heritage, which will be run by chief commercial officer Bourke and will service four million customers.


MetLife plans move into Jersey

MetLife has appointed Paul Frankland as sales development manager as part of its plans to expand its product range into Jersey. Frankland joins MetLife from Aviva and has worked in Jersey for the past 17 years in financial services. His role will be focused on business development and relationship management, involving key IFAs and banks […]

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Ashcourt Rowan appoints Polin CE

Former Ignis sales and marketing director Jonathan Polin has been appointed group chief executive of Ashcourt Rowan. Polin replaces Mark Cheshire, who is stepping down with immediate effect as part of a reshuffle that will see interim chairman Kenneth “Buzz” West promoted to non-executive chairman. Polin will join the firm on September 2. Stephen Haines […]

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


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