Royal London is to create a new division which will bring all of its IFA businesses under the control of a new arrival, following the departure of Brian Duffin next year.
The company announced today Duffin, the current chief executive of the Scottish Life brand, will leave the company at the end of March and is being replaced by John Deane (see front page for photo), currently group risk and compliance director at Old Mutual. Deane will join the company on 1 April to head-up the newly-formed IFA division, which will see him take overall responsibility for Scottish Life, Scottish Life International and Bright Grey. Industry sources suggest Deane's arrival could be the start of an wider shake-up of the Royal London firms, as the company has announced both...
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