22nd Dec 2016 07:13
LONDON (Alliance News) - Legal & General Group PLC said Thursday that Jeff Davies will become its new chief financial officer in 2017.
L&G said Davies will take up the role following in the FTSE 100 insurer's preliminary results announcement for calendar year 2016, at some point in spring 2017. Mark Gregory, L&G's current CFO, will step down from the board at the same time but remain an employee until the end of August 2017 to aid in the handover.
Davies is currently a senior partner of Ernst & Young LLP, leading its European Risk and Actuarial Services practice. Previously he held a number of senior actuarial roles at Swiss Re Life & Health.
"I very much look forward to Jeff joining the executive management team, and working together as we continue to successfully implement Legal & General's growth strategy. I would also like to thank Mark for the terrific job he has done as group chief financial officer," said Nigel Wilson, chief executive officer of L&G.
By Adam Clark; [email protected]
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