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MD leaving ScotWidows International

Scottish Widows International managing director Ian Muat is to leave the company at the end of the month by mutual agreement.

Muat joined the company three-and-a-half years after it was established in Jersey in 1997. He will be replaced by finance and operations director Ian Kennedy on September 30.

The company says it expects the market for expatriate and offshore business to grow significantly in the near future. It says Kennedy has been appointed to help it secure a greater slice of this action.

Head of corporate communications Alan Young says: “Ian has no specific plans for the future. Once he leaves Scottish Widows International he is a free agent.

“We will be continuing business as usual and will stay based in Jersey. Our business plans were in place before Muat joined and they are not particularly related to individuals so we will continue as normal.”

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