Andy Briggs named Phoenix chief exec as Clive Bannister exits

Bannister has been with the company for nine years and oversaw several acquisitions, including the £2.9bn Standard Life Assurance deal in 2018. Phoenix also joined the FTSE100 in March. During his time as chief executive, the group achieved a total shareholder return of 179%, while assets under management rose by 263% to £245bn. The firm increased total policyholders by 67% to 10 million. Briggs will join the company as designate chief executive on 1 January 2020 to ensure a smooth handover, the business said in a stock exchange announcement. He will also join the board of Phoenix Gro...