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Royal London finance director Stephen Shone quits

Royal London finance director Stephen Shone is leaving at the end of the year, after 14 years with the provider.

Shone will continue to lead the group’s acquisition of the Co-operative Banking Group’s life insurance and asset management businesses to conclusion before leaving the business fully.

Shone will be replaced in the position by former Scottish Widows finance director Kerr Luscombe.

Royal London chairman Tim Melville-Ross says: “During his time with Royal London, Stephen has created and delivered strategies which have led the business through significant change and transformation, and which have resulted in the successful position that the group enjoys today.

“I would like to take this opportunity to thank Stephen for the immense contribution he has made to our business and for his continued focus on the future success of the Royal London group.”

Syndaxi Chartered Financial Planners managing director Robert Reid says: “The role of finance director is vital at any big life company so it was important Royal London moved quickly to find a replacement.”

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