New FD for Jardine Lloyd Thomson
The finance director of the insurance and employee benefits group Jardine Lloyd Thomson is to move on having helped the firm navigate fierce Eurozone headwinds.
The finance director of the insurance and employee benefits group Jardine Lloyd Thomson is to move on having helped the firm navigate fierce Eurozone headwinds.
Simon Mawson is stepping down from the role to be replaced at the end of the year by Mike Reynolds, currently Chief Finance Officer of insurance firm ACE European Group.
The company also announced James Twining, currently responsible for Group Strategy, is to join the board of JLT as Group Commercial Director.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chairman Geoffrey Howe, said Reynolds' experience in senior finance roles in the insurance sector made him an excellent addition to the team.
"James Twining has made a powerful impact on our strategic planning since he joined the company in 2011 and he will be an invaluable member of the board," he added.
Howe praised Mawson, the outgoing FD, for "his contribution to JLT during a period of continued turbulence in the financial markets and the general economic environment".
At the end of July the company reported in the six months to the end of June underlying profit before tax had increased by 12% on the prior year to £89.4m.
Total revenues came in at £441.7m, an 8% increase on 2011 at constant rates of exchange.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Wage growth in UK jumps ahead of inflation
Latest job market data from the ONS shows that wages grew faster than inflation from September to November, but also reveal a worrying rise in unemployment rates
By Dan McEvoy Published
-
Transformed companies displaying momentum and top-quality growth
Alex Savvides, manager of Jupiter UK Dynamic Equity Fund, highlights three companies as he tells us where he'd put his money
By Alex Savvides Published