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PEOPLE MOVES: LV=, Financial Conduct Authority, Nutmeg

Insurer hires former Zurich Emea head of operations as CEO, while FCA chief to lead Bank of England

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LV= (Liverpool Victoria)

The savings, investment and protection provider has appointed Mark Hartigan as chief executive with effect from 1 January 2020 on an initial 12-month contract, subject to regulatory approval.

Hartigan was part of the senior leadership team at Zurich Insurance Group between 2009 and 2019.

He held a variety of roles and was most recently head of operations for Zurich Emea.

Before joining Zurich, Hartigan was deputy chief executive officer of Nexus Group, the insurance broker in the Middle East.

Financial Conduct Authority

The current chief executive of the financial watchdog, Andrew Bailey, will become the governor of the Bank of England from 16 March 2020, the UK chancellor has announced.

He will succeed Mark Carney, who has served since 2013. Her Majesty the Queen has approved the appointment.

Bailey has been appointed for an eight-year term and will receive a salary of £495,000.

To ensure continuity, an interim chief executive of the FCA will be appointed well ahead of Bailey’s departure to manage the organisation until a permanent successor is chosen by HM Treasury.

Nutmeg

The robo-adviser’s chief executive Martin Stead is to exit the business after four years and leave the UK for France.

He joined the firm in 2015.

Stead, who has French citizenship, will be replaced by chief financial and operating officer Neil Alexander.

Alexander joined Nutmeg in May 2017 from Secretsales.com.

Brown Shipley

UK wealth planner has hired Mike Davis and Daniel Cordery to join its London office.

Both will be responsible for developing new client relationships.

Davis has 40 years’ experience in financial services, most recently as executive director, and relationship manager at Julius Baer International.

Cordery joins from Kleinwort Hambros, where he was a private banker.

Seven Investment Management

Two senior staffers have left the UK firm.

Deputy chief investment officer Ian Jensen-Humphreys and head of risk and fund analytics Simone Guidi have departed, our sister publication Portfolio Adviser has learned.

Jensen-Humphreys joined the wealth manager from Citigroup in 2016.

He became interim chief investment officer in November 2017.

Guidi has been with the firm more than eight years, joining first as an investment risk manager in 2012, before becoming head of risk and fund analytics in 2015.

7IM said Jensen-Humphreys and Guidi were leaving the business to explore other opportunities.

Gaudi

The fintech firm has made three hires to its ranks.

John Moret has joined as non-executive director. He has spent 50 years in the pension industry. He chairs the Pension Network and is non-executive chair of pensions and retirement specialist Intelligent Pensions.

Gaudi has also named Robert Graves as head of technical and compliance.

Graves has previously worked at Sipp provider PPM and Rowanmoor, which was bought by Embark in 2016.

Lastly, David Thompson has joined the firm as business consultant. He was previously a director at Winterthur and Axa Wealth.

The Chartered Insurance Institute (CII)

The professional body has appointed Jennette Newman as chair of the professional standards committee.

Newman takes over from David Hertzell, who stepped down as chair last month after serving six years in the role.

She is a partner in the insurance division of global law firm Clyde & Co and is also vice-president of the Forum of Insurance Lawyers (Foil).

Tisa

The investing and saving membership alliance has named Steven Cameron as chair of its retirement policy council.

Cameron is Aegon UK’s public affairs director

He takes over from Jamie Jenkins, head of global savings policy at Standard Life Aberdeen, who has completed his term of office.

Aviva

The insurer has appointed George Culmer as senior independent non-executive director with effect from 1 January 2020.

Culmer will succeed Glyn Barker, who retires from the board and as senior independent director on 31 December 2019.

He was most recently chief financial officer of Lloyds Banking Group.

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