Head of Winterthur Life UK John Finan is to quit the firm as chief executive officer, stepping down on August 21.
The firm is part of European insurers Winterthur Life & Pensions - a business unit of financial services giant Credit Suisse Group (CSG).
Finan will be succeeded by Clifton Melvin, who began his career with Equity & Law, now part of Axa. In 1986 he was appointed as the first CEO of insurance company British Life, after which he moved to GE Capital, heading its European insurance activities in 1995.
The move is one of many changes related to CSG, which is to marry its investment banking and asset management arms. Last week the group jettisoned Alan Wheat in favour of new chief executive John Mack.
By Madhu Kalia
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