Jardine Lloyd Thompson Group PLC Senior management appointments (3273Q)
August 29 2014 - 4:00AM
UK Regulatory
TIDMJLT
RNS Number : 3273Q
Jardine Lloyd Thompson Group PLC
29 August 2014
Press Release
Jardine Lloyd Thompson Group plc announces senior management
appointments to lead the Group on its next phase of growth
-- Mark Drummond Brady appointed Deputy Group CEO
-- Mike Reynolds appointed global CEO of JLT Towers Re; remains
as Group Finance Director until successor appointed
-- Martin Hiller appointed CEO of JLT EMEA and assumes
responsibility for the Group's MGA activities and Thistle Insurance
Services
29(th) August 2014, London: Jardine Lloyd Thompson Group plc
("JLT") one of the world's leading providers of insurance,
reinsurance and employee benefits related advice, brokerage and
associated services, is today announcing a series of senior
management appointments, subject to obtaining the appropriate
regulatory approvals, where required.
These appointments are being made in the context of today's
announcement of the significant expansion of our US specialty
capabilities and the merger of JLT Specialty Ltd. and Lloyd &
Partners Ltd. They are therefore designed to align the Group's
senior leadership with these changes and position us to drive the
next phase in our growth.
Mark Drummond Brady is appointed Deputy Group CEO with immediate
effect. This appointment reflects the increasing size, complexity
and international reach of the Group and will provide additional
leadership support at the top of the organisation to drive the
continued delivery of our strategy.
In addition Mark will sit on the Executive Committee of our new
US specialty operation and the Board of the merged JLT Specialty /
Lloyd & Partners business. This will ensure strong alignment
and collaboration between our US and London-based specialty
operations and reflects the increasing importance of the US to the
JLT Group following last year's acquisition of Towers Watson
Re.
Mike Reynolds is appointed global CEO of JLT Towers Re with
immediate effect. Ross Howard remains as Chairman with Alistair
Lockhart-Smith continuing in his role as Deputy Chairman of the
global business.
Mike is extremely well qualified to take on the role of global
CEO of JLT Towers Re having held senior roles in a major
reinsurance broker and global reinsurer and worked in London, the
USA and Bermuda prior to joining JLT. Mike retains his position as
Group Finance Director and as a PLC Board Director until the
appointment of his successor.
Having played an instrumental role in the development of JLT's
global reinsurance capabilities and in the acquisition of Towers
Watson Re, Alastair Speare-Cole has decided to leave the
organisation at the end of the year to pursue other interests. He
will therefore be handing over his responsibilities to Mike
Reynolds with immediate effect and will work with Mike to manage
the transition between now and the year end.
Following today's announcement of our intention to merge JLT
Specialty and Lloyd & Partners, Martin Hiller is appointed CEO
of EMEA and assumes responsibility for our MGA businesses and
Thistle Insurance Services.
Commenting on these appointments, Dominic Burke, JLT Group CEO
said:
"Mark stepped in as Interim Group CEO during my recent brief
absence and did an excellent job. His appointment as Deputy Group
CEO will enable me to focus more of my time on delivering the
Group's important strategic initiatives. I have the highest
possible regard for Mark and am delighted that he has accepted this
important new role.
Mike has the experience and the vision to take on the role of
global CEO of JLT Towers Re. He has been a truly outstanding Group
Finance Director over the past two years and his appointment
reflects both the importance of JLT Towers Re to our growth
strategy and the ambition that we have for that business. Mike
played a central role in the acquisition of Towers Watson Re late
last year and knows the business well. I am delighted that he has
accepted this opportunity to lead such a significant and exciting
part of the business.
Alastair has played a pivotal role in the development of JLT
Towers Re. I would like to extend my appreciation for the
significant contribution he has made over the last few years and I
wish him well for the future.
Martin has completed nine successful years as CEO of JLT
Specialty. His appointment reflects the strong potential that we
see in our EMEA, MGA and Thistle UK businesses and my confidence in
Martin's ability to build out their platforms and drive their
growth.
Taken together with today's other announcements, these
appointments mark an important and exciting step in JLT's long term
development and growth prospects."
ENDS
Contacts
JLT
Dominic Burke
CEO
+44 20 7309 8191
Dominic_Burke@JLTGROUP.COM
Mike Reynolds
Group Finance Director
+44 20 7528 4117
Michael_Reynolds@JLTGROUP.COM
Paul Dransfield
Head of Group Corporate Communications
+44 20 7528 4933
Paul_Dransfield@JLTGROUP.COM
Brunswick Group
Dania Saidam (UK)
+44 (0) 20 7404 5959
Beatriz Garcia (US)
+1 (212) 333 3810
Notes to Editors
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's leading providers
of insurance, reinsurance and employee benefits related advice,
brokerage and associated services. JLT's client proposition is
built upon its deep specialist knowledge, client advocacy, tailored
advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in
40 territories with more than 9,500 employees. Supported by the JLT
International Network, it offers risk management and employee
benefit solutions in 135 countries.
www.JLTGroup.com
This announcement may contain "forward looking statements"
regarding the financial position, business strategy or plans for
future operations of the Group. By their nature, forward looking
statements involve risk and uncertainty, relating to facts that are
beyond the company's ability to control, such as future market
conditions. Any such statements in this announcement speak only as
at the date of this announcement. The company does not assume any
obligation to, and does not intend to, revise or update these
forward looking statements except as required pursuant to
applicable law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPLMFTMBTTMAI
Jardine Lloyd Thompson (LSE:JLT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jardine Lloyd Thompson (LSE:JLT)
Historical Stock Chart
From Jul 2023 to Jul 2024