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Van Der Wielen leaving Clerical after reshuffle

Managing director of Clerical Medical and Halifax Life John Van Der Wielen is leaving Lloyds Banking Group to return to Australia.

The move follows a restructure within Lloyds which sees managing director of general insurance Phil Loney become managing director of life, pension and investments business across Scottish Widows and Clerical Medical.

Scottish Widows managing director Andy Briggs bec- omes managing director of general insurance.

Following the merger with HBOS, it was expected that either Briggs or Van Der Wielen would leave the firm.

The only two members of the HBOS board to have been kept on under Lloyds have also res-igned. Managing director of mortgages Dan Watkins and wealth and international dir- ector Jo Dawson will both be stepping down.

Watkins, previously chief executive of retail products at HBOS, will be leaving to pursue other opportunities. He took up the role at the start of 2009. In the interim, operations director of mortgages Mike Kula will act as head of mortgages.

Dawson has also decided to pursue other opportunities outside the company and will leave at the end of the month. Dawson is head of risk at HBOS and replaced whistleblower Paul Moore. Wholesale group executive director Truett Tate will take on Dawson’s responsibilities.

Syndaxi Chartered Financial Planners managing director Robert Reid says: “I think in all providers you will see a lot of restructuring happening bec-ause people are not hitting numbers. Change is healthy. Nothing can remain static in the current market and I think providers are looking at whether they have the right people in leadership positions or not.”


Liontrust plans £2.5m cuts as duo join to turn round outflows

Liontrust Asset Management has appointed John Ions and Graham Hooper as the company looks to rebuild its business following the departures of Jeremy Lang and William Pattisson. Ions joins as head of retail, having been chief executive of Tactica Asset Management since it was formed in 2005. Former AWD marketing director Hooper joins the company […]

L&G’s rating lowered due to UK focus

Standard & Poor’s has lowered its long-term counterparty credit and insurer financial strength ratings on Legal & General Assurance Society to AA- from AA.

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