Prudential chief executive Tidjane Thiam is to step down later this year to become the chief executive of Credit Suisse. Thiam joined Prudential as chief financial officer in 2008 and became chief executive in 2009. His successor at Prudential will be announced shortly.
Retirement specialist MGM Advantage has recruited former Legal & General director of strategy for individual retirement solutions Tim Gosden as product manager. Gosden started his financial services career with MGM, then called MGM Assurance, in 1988. In his new role Gosden will help manage and develop MGM’s product range. He will also be involved in the communication and marketing of the proposition. Gosden left L&G in February, having spent the last 10 years at the firm.
Towergate Insurance has appointed Steve Wood as chief executive of Paymentshield. He replaces James Watson, who will return to his previous role as sales director after two weeks as acting chief executive following the departure of former chief executive Gary Duggan in February. Wood joins from Ecclesiastical Insurance Group, where he spent eight years, most recently as UK managing director.
Apfa has hired Caroline Escott as senior policy adviser from commnications firm Hume Brophy. She replaces Clare Griffiths, who left the trade association last month. At Hume Brophy, Escott was involved in financial services policy and public affairs work for trade associations. Prior to this, she was head of government relations for the UK Sustainable Investment and Finance Association.
Vanguard Australia managing director John James has been appointed head of the group’s UK and European business. He replaces Thomas Rampulla, who will head Vanguard’s financial advisor services division in the US. Colin Kelton will replace James at Vanguard Australia, focusing on managment, distribution and operations.
New wealth management firm EQ has made several senior hires as it prepares for the May launch of a bespoke investment service for private clients, companies and charities with lump sums of at least £750,000. EQ chief executive John Spiers, the founder of Bestinvest, has drawn five team members from Tilney Bestinvest. Mike Neumann was previously director of investment management at Tilney Bestinvest, Andrew Rees was the firm’s associate director and investment manager, Katharine Lindley was director of financial planning; Sophie Muller was associate director and fund research analyst; while Kate West was senior investment administrator. EQ has also hired Daniel Bran, previously investment manager at Quilter Cheviot.
Nationwide senior manager for new-build James Chidgey is joining Mortgage Advice Bureau, as new homes development manger on 1 May. In this newly created role, Chidgey will work alongside MAB new homes director Andy Frankish to grow the firm’s business through its network of new-build appointed representatives and attract more members to the new-build network. Chidgey has worked at Nationwide for 29 years and has held senior positions in UCB Home Loans, The Mortgage Works and within Nationwide’s group intermediary sales division.
Legal & General pensions strategy director Adrian Boulding is leaving the insurer in August. Boulding has been at L&G for 18 years and is chairman of the National Association of Pension Fund’s Pension Quality Mark.
Risk data and analytics specialist Jaywing, has appointed David Ramsden to its risk team. Ramsden was head of credit risk at Alliance & Leicester, where was responsible for managing Basel II implementation programmes. More recently he was collections strategy manager at energy supplier E.ON.