Resolution chairman to quit

Biggs said while he would continue to lead the board and oversee this "period of change" he would leave after the completion of the governance overhaul. In a statement to the stock exchange the firm said, Resolution Operations chief financial officer Jim Newman would join the company's executive committee as transformation director. The life insurance consolidator said the governance changes would reflect a more conventional, simplified corporate structure. Former Financial Services Authority boss John Tiner, who previous announced his intention to leave the board, will now stay on...