Royal London, Britain’s biggest mutual life and pensions company, has moved quickly to rebuild its management team after the departure of two high-profile executives.
Tim Harris joins the main board as finance director from global specialty insurer, Torus, where he is group chief finance officer. He replaces Kerr Luscombe who has left for personal reasons.
Isobel Langton has been promoted to chief executive of the intermediary business, replacing Hugh McKee who has departed to pursue other interests. McKee joined in 2008 as managing director of Scottish Provident. Before taking on his latest role he was managing director of Caledonian Life.
Phil Loney, group chief executive, said: “I am delighted to appoint Tim as finance director. We have just reported record new business growth and he has the right credentials to help us continue to grow our business in the interests of our customers and members. He is also an experienced leader, who has led large teams spread across a variety of locations, and he knows how to engage and motivate his staff.”
Prior to Torus, Harris held various senior finance roles at Aviva and PwC. He is a chartered insurance practitioner and a fellow of the Institute of Chartered Accountants. Langton is a member of the group executive committee. She joined the group in 2000, and has spent the past two years as group customer services director.
Loney said she had been “responsible for Scottish Life’s current market-leading position in the field of pensions with a consistent award-winning record for both product and service”.
He added: “She will provide strong leadership to our intermediary business at a critical time in its development”.
Langton will be replaced by Rob Regan who began in engineering with a specific focus on quality and process improvement.
Following a transfer to financial services he has held a number of roles with Lloyds Banking Group and more recently at Legal & General Insurance as chief operating officer for its general insurance business.