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Zurich appoints David Etherington as chief growth officer

Zurich has appointed David Etherington as chief growth officer to drive forward its expansion plans.

Etherington was previously chief operating officer for UK life business and in his new role he will be responsible for all sales and distribution including bancassurance, broker sales, new distribution.

Jim Sykes, has been appointed chief operations officer, broadening his existing remit as head of legacy to include responsibility for operations and business controls and the legacy remediation programme alongside his existing remit.

Paul Kenmir, currently e-capability director, is to take on the role of head of outsourcing, IT and change.

In addition, Tim Bailey has taken over the position of strategy and planning director from Gary Williams, who is to move to the global life central team. Bailey joins from Axa.

David Sims, CEO, Zurich UK Life, said: “We are now well placed to deliver significant profitable sales growth going forward.

“To achieve the significant increases in market share we are looking for, we must change our organisation structure so that it is geared towards expansion.”


It’s good to talk

The UK’s inaugural Financial Planning Week (FPW) took place the week before the Lehman Brothers collapse. As reported in Money Marketing, the week itself was a great success but it also highlighted what a huge job there is to do in assisting people with planning their finances and, where appropriate, getting them in front of professionals to help them establish and realise their goals.

German savers get 100% guarantee

The German government announced yesterday that it would guarantee all private savings accounts, worth approximately £390bn, in order to increase confidence in the financial system.

Giving payment protection a bad name

I find the headline ‘Bye Bye PPI’ (Money Marketing, 1 October) and much of the subsequent article highly misleading and in danger of tainting a very valuable insurance cover, namely mortgage payment protection insurance.


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