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Royal & SunAlliance axes two directors

Royal & SunAlliance is axing two directors in a shake up designed to bring together the functions of group strategy, mergers and acquisitions, investor relations and communications.

Acquisitions and disposals director Michael Hesketh and communications director Mike Jones are to lose out with the creation of a new department, called the office of the group chief executive.

The new department will be headed by Stuart Degg who becomes a director. Malcolm Gilbert will become director of communications and investor relations and Richard Gyles will become director acquisitions and disposals. John Stratham will remain as director of strategy.


Dampier joins Hargreaves Lansdown

Churchill Investments investment director Mark Dampier has resigned and has joined rival IFA Hargreaves Lansdown as head of collectives.Hargreaves Lansdown has bought a 20 per cent stake in ProVen Holdings, the parent company of specialist fund manager ProVen Private Equity Limited.The investment will provide opportunities for ProVen and Hargreaves Lansdown to market venture capital products […]

Sloc moves further down demutualisation road

Sun Life of Canada is preparing to demutualise into a publicly traded stock company following draft legislation drawn up by the Canadian Government in August.The life office says the legislation is a significant step toward finalising the regulatory regime which will permit demutualization.It is also reporting a 24 per cent decrease in net income for […]


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