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Reliance Mutual appoints Nigel Sherry as non-exec

Reliance Mutual has appointed Sherry Associates founder Nigel Sherry as a non-executive director.

Sherry, former MGM Assurance chief operating officer and Pearl director of financial planning, replaces Chris Russell who is retiring from the board in May.

Sherry also worked at Scottish Amicable as its sales director, and Prudential Intermediary Division as retail sales director.

He says: “Reliance Mutual has some very exciting niche positions within the financial services sector and I look forward to working with chief executive Mark Goodale, his management team and the other independent non-executive directors for the benefit of all Reliance Mutual’s members.”

Reliance Mutual chairman Seamus Creedon says: “Nigel brings with him a wealth of experience both at executive and non-executive levels which will be extremely valuable to the Reliance Mutual board in these challenging times.”


Five quit Ilex to join Liontrust

Liontrust Asset Management has recruited five partners on the European fixed-income team from Ilex Asset Management – chief investment officer Simon Thorp, senior portfolio manager James Sclater, co-heads of research Paul Owens and Quentin Peacock and chief operating officer Gareth Roblin.

Market consistent confusion

Insurers are in limbo at the moment after the body that designed the Market Consistent Embedded Value reporting standard announced the principles could be changed.


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