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Hornby given top job at HBOS

HBOS has announced a top-level shake-up that will see chief operating
officer Andy Hornby becoming chief executive later this year.

Hornby will replace outgoing CEO James Crosby on July 31. Additionally,
HBOS has poached Royal Bank of Scotland head of retail banking Benny Higgins
to lead HBOS retail businesses.

HBOS chairman Dennis Stevenson said: “James has had a major impact at HBOS.
Under his leadership, the size and reach of the group has been transformed.
In the process, we have delivered very strong financial numbers and shaken
up UK banking.

Andy is the outstanding candidate to succeed James. His track record, which
the board has followed from close quarters over a lengthy period of time, is
second to none.”

Crosby added: “After more than seven years as CEO, I believe the time is
right for someone else to take the company forward. In appointing Andy, the
board has chosen the best person for the job.”


NCG extends preferential PI terms to non-Bankhall firms

IFAs no longer have to be Bankhall members to benefit from preferential PI terms offered by NCG Professional Risks. The commercial insurance broker, which specialises in professional indemnity cover for financial services businesses, says it is removing the restriction on its preferential terms which can save IFAs as much as 10 per cent on their […]

Bed and bawd

The biggest potential for a PR tie-in in 2006 falls at the feet of Artemis’ marketing department with the tantalising prospect of the world’s biggest brothel, opening next to Germany’s main World Cup stadium, sharing its name with the specialist fund firm. The building, with over 100 round-the-clock workers, is hoping to take advantage of […]

Standard Life launches new business tracking service

Standard Life has launched an online new business tracking facility for advisers within the Client View aggregation service of its adviserzone website.The tracking service is available for the companys life protection series, bonds, personal pensions and Sipp contracts offering advisers real time status reports on new business applications and increments.Standard Life sales e-commerce manager Billy […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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