Broadley replaces Jonathan Nicholls, who left to pursue a career outside the
insurance industry. Nicholls presided over large emergency cash injections of
$157m in September and $250m in October to the Mut’s struggling US life
Broadley joins new chief executive Julian Roberts who was group FD of
Mutual before joining its UK business, Skandia, as CEO in 2006.
He has a mucky job on his hands to wrestle Old Mutual from the slough of
despond it has been hurled into by huge losses from the subprime collapse and
the bail-out of Fannie Mae and Freddie Mac. But who can say if he is there to
save the business as it is, or prepare it for a cash-generating alternative.
- David Lindsay of stockbroker Collins Stewart will step down as FD, but
remain employed there “for the time being”. The group gave no further details on
Lindsay’s departure, which comes just 18 months after he joined.
The finance chief of the Daily Mail has been recruited by Rolls-Royce after a management shake-up at the engineering group has resulted in the departure of its chief financial officer
Global mining company Anglo American has appointed Stephen Pearce as finance director, following René Médori's decision to retire
Three former Tesco executives, including the former finance director of Tesco UK, have denied charges of fraud and false accounting in relation to a £326m accounting scandal at the supermarket
The majority of finance bosses want to reach the position of chief executive, according to new research from Robert Half