Resolution names new Chairman

Life insurance giant Resolution has appointed the Chairman of the Friends Life Group, Sir Malcolm Williamson, as its Chairman Designate, following its 'simplified governance' shake-up announced in August of last year.

Life insurance giant Resolution has appointed the Chairman of the Friends Life Group, Sir Malcolm Williamson, as its Chairman Designate, following its 'simplified governance' shake-up announced in August of last year.

The company said on Monday that Williamson, who will succeed Mike Biggs when he steps down as Resolution Chairman later this year, brings "considerable experience and knowledge" to the role, having previously held the Chief Executive position at banking group Standard Chartered and financial services firm Visa International.

He will take up his new role when the boards of Resolution and Friends Life Group are unified at the end of March, though the management structure changes are still subject to shareholder approval.

"I am delighted to be named as Chairman Designate of the company. I look forward to working with Mike during the transition, and thereafter as Chairman, for the next phase of the evolution of Resolution Limited," Williamson said.

Meanwhile, outgoing Chairman Biggs commented: "I am pleased that my colleagues have nominated Sir Malcolm Williamson to succeed me as Chairman of Resolution Limited later this year. Sir Malcolm's experience as a chairman, as well as his understanding of the group's operations, its people and its regulatory and governance framework, will equip him well to lead the companyin the future."

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
It's not just the UK – we're seeing pandemic housing booms across the globe
Property

It's not just the UK – we're seeing pandemic housing booms across the globe

Soaring house prices aren’t just a UK thing, they’re a worldwide phenomenon. And it’s no coincidence – the underlying cause is much the same. John Ste…
18 Jan 2021