Axa has appointed Winterthur’s director of distribution David Thompson as managing director of Winterthur Life.
The announcement is part of a series of planned senior appointments at Axa and Winterthur following the company’s decision in November 2006 to restructure its UK businesses.
It was announced in November that Winterthur’s high net worth business will continue to be differentiated and will retain its separate Winterthur brand under the restructure.
Thompson was responsible for sales during a six year period that saw new pensions business growth of 710 per cent.
He joined Winterthur in 1999 from the Zurich Group as regional sales manager.
Thompson will help to develop Winterthur’s product and service adviser proposition, designed to support high end intermediaries and their clients.
Winterthur chief executive officer Mike Kellard says: “David has made a significant contribution to the success of Winterthur over the past few years, which has seen our market share increase and our new business levels at a record high.
“He has managed to create a highly motivated and respected sales team and I believe his management experience, understanding of the IFA sector and his strategic ability make David the ideal candidate to take the Winterthur high net worth brand forward.”
Thompson has worked in the industry for over 20 years. Latterly he has been responsible for developing Winterthur’s depolarisation strategy and was instrumental in launching Winterthur’s Professional Edge initiative designed to support the business needs of IFAs.
The appointment is subject to regulatory approval.