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Wood joins JLT Benefit Solutions

Professional Pensions | 28 Jul 2010 | 11:34

By Sebastian Cheek

Categories: Appointments

Tags: Paternoster, Jlt benefit solutions

JLT Benefit Solutions has appointed former Paternoster chief executive Mark Wood as non-executive chairman.

mark-wood

Wood (pictured) joins JLT on 1 August on part-time basis to assist the company's growth in its employee benefits business.

JLT said it planned to focus future growth on wealth management, discretionary fund management and technology.

Wood joins from pensions insurance company Paternoster where he is deputy chairman.

Prior to this he was chief executive of the buyout firm which voluntarily had its "permissions varied" by the Financial Services Authority - effectively preventing it from writing new business - in April, last year as markets suffered and the firms ability and desire to write new business stalled.

Prior to that Wood was UK and European chief executive at Prudential.

JLT Benefit Solutions chief executive Duncan Howorth said: "We are delighted that Mark has decided to join us. He is a hugely well-known and well-respected figure in our industry and his wealth of experience and knowledge will be invaluable as we continue to develop new, innovative client focused solutions and grow our client base both here in the UK and abroad."

Wood added he was looking forward to expanding the business in what is a rapidly changing market.

 

 

Categories: Appointments

Tags: Paternoster, Jlt benefit solutions

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