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Royal London appoints new head of intermediary in management reshuffle

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  • 26/02/2014
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Royal London appoints new head of intermediary in management reshuffle
Royal London has appointed a new head of intermediary business and chief financial officer in a management reshuffle.

Isobel Langton will take over as the new chief executive of Royal London’s intermediary business. Tim Harris has been appointed finance director.

Langton has worked at Royal London since 2000 and has spent the last two years as group customer services director.

Hugh McKee, the current chief executive of the intermediary business, leaves Royal London today to pursue his career outside the group.

New finance director Harris, who will be a member of the Royal London board, will join the company on the 19th May from global specialty insurer, Torus, where he is currently group chief finance officer.

Prior to Torus he held various senior finance roles at Aviva and PWC. He is a Chartered insurance practitioner and a fellow of the Institute of Chartered Accountants.

Harris replaces Kerr Luscombe, who had previously decided to step down from his position as group finance director due to personal circumstances.

Results and rebrand

Royal London reported total continuing new life and pensions business was up 12% at £3.5bn last year, led by strong demand for its pensions which rose 26%.

Royal London Asset Management (RLAM) reported a record year for external new business in 2013, with gross inflows up almost 70%.

Royal London said in October that it would be scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single “master brand” for its UK life, pensions and investment businesses.

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