The firm has hired Jon King as non executive chairman, taking effect immediately, while Andrea Rozario – who joined Bower in July to conduct a strategic review – now moves into an executive role as the chief corporate officer, also with immediate effect.
Jon King’s career in financial services spans almost 30 years, the majority of which has been spent in equity release. Most recently, he was managing director of equity release provider More2Life from 2010 to 2013, during which time he oversaw a four-fold increase in new business volumes.
Prior to that, King was managing director of Hodge Lifetime from 2000 to 2010 and during this period also served as chief executive and chairman of industry body Safe Home Income Plans.
Geoff Charles, CEO of Bower Retirement Services, said: “It is a massive coup for Bower that we have been able to attract an individual of Jon’s calibre to chair the firm and oversee the next stage of its development.
“When you consider we are already able to call on the considerable expertise of Andrea Rozario – former director general of the Equity Release Council – we have been able to assemble an enviable executive team, that will help us grow from strength to strength.”
