Global insurer Zurich has appointed Gary
Shaughnessy as CEO of its UK life business with effect from June
2012.
Shaughnessy joins from Fidelity Worldwide
Investment where he has been managing director for its UK defined
contribution and retail business, since 2008. His appointment has
been approved by the FSA.
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Shaughnessy will report to David Sims who, in
addition to being CEO of Zurich Global Life in Europe, has been
interim CEO for Zurich’s UK Life business since Michael Brennan
retired in August 2011.
Commenting on his appointment, Shaughnessy said: “This is a time
of enormous change for UK consumers, intermediaries and employers,
with increased regulation, personal tax complexity and the transfer
of health and retirement responsibility onto the individual all
taking place at the same time. These changes provide both a
challenge and an opportunity for the financial services industry
and I’ve been extremely impressed by Zurich’s ambition to lead the
re-shaping of financial services in the UK.”
Shaughnessy’s background is in marketing and distribution, with
previous roles spanning the broad financial services market at AXA,
the Automobile Association and the Bank of Scotland.
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