Jim Smith is stepping down after nearly two decades at Royal London, and group strategy director Tom Dunbar has been tapped to succeed him as distribution director for the intermediary unit.
“I am delighted to welcome Tom to the management team of our intermediary pensions and protection businesses,” said Isobel Langton, CEO of Royal London’s intermediary division. “Tom is well-known to the business having worked as group strategy director since June 2017.
“He brings with him a detailed understanding of the adviser market and unique insights, gained from his existing role, into the synergies and opportunities between our business and the independent financial advice market.”
Replacing Dunbar is Julia Reichert, who joins from Boston Consulting Group and brings 14 years of strategy development experience.
Meanwhile Langton wished Smith well.
“Jim has made an outstanding contribution over the last 19 years and leaves with our best wishes for the next stage of his career as a non-executive director,” she stated.
“On behalf of the group we are looking forward to working with Julia to help us continually evolve our business to meet the needs of financial advisers and our customers.”
