Royal London has appointed a distribution director to its intermediary arm, succeeding Jim Smith who is stepping down after 19 years at the company.
Tom Dunbar has held the role of group strategy director at Royal London since June 2017, but will move to his new role as distribution director later this year following a transition period with Mr Smith.
In his current role, Mr Dunbar led Royal London’s group-wide approach to strategy development and will be succeeded by Julia Reichert joining from Boston Consulting Group.
Isobel Langton, chief executive of Royal London’s intermediary division, said: "I am delighted to welcome Tom to the management team of our intermediary pensions and protection businesses.
"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."
During his time at Royal London, Mr Smith was heavily involved in the integration of Scottish Life, Scottish Provident and Bright Grey under the company’s brand.
Ms Langton said: "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.
"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."
rachel.addison@ft.com
