Zurich’s UK Life business has announced some changes to its organisation designed to help the business deliver against its ambitious growth plans.
David Etherington has been appointed as Chief Growth Officer. David will be responsible for all sales and distribution including Bancassurance, Broker Sales, New Distribution, and combine them with his existing sales and marketing responsibilities for Zurich Group Protection, Zurich Corporate Pensions and Proposition Management and Development (PMD). David will also take on responsibility for Life Marketing.
The move is designed to generate increased focus on the businesses’ marketplace activities to deliver profitable growth. David previously held the role of Chief Operating Officer for Zurich’s UK Life business.
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 his new position Paul will be responsible for ISS delivery, our Programme Management Office and overall Change programme.
In addition, Zurich is delighted to announce that Tim Bailey has joined Zurich Life’s leadership team from AXA to take over the position of Strategy and Planning Director from Gary Williams, who is to move to the Global Life central team. Tim will be responsible for business planning.
David Sims, CEO, Zurich UK Life said, “The UK Life business has been successfully transformed over the last few years to build a platform for sustained business performance. 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.
“The appointment of David Etherington as Chief Growth Officer will be pivotal in helping us achieve our ambitious growth aspirations. We will drive growth by focussing on the fastest-growing and most profitable markets such as Tax Advantaged Investments, Protection and large Group Pensions. Equally important is increasing our penetration of the IFA channel and our e-proposition is central to supporting that aim. We will also look to new opportunities in other markets where we believe there is significant potential for growth.”
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Susannah Mogg, UK Media Relations Manager, Mobile 07734076667
Notes to editors:
About Zurich
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.
