Friends Provident's Trevor Matthews is to step down as CEO and hand over the reins to former Scottish Widows chief Andy Briggs.
Matthews made the decision to step back from the top role as he intends to return with his family to Australia within the next three years. As a result of this decision, he believes a new CEO is needed to lead the business through an anticipated return to direct public market ownership within the next two to three years. He will assume the new role of vice chairman with a focus on furthering Friends's presence and reputation in the marketplace. Briggs is expected to join within the next six months from Lloyds Banking Group where he is currently CEO of General Insurance, having pr...
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