M&G Wealth MD Montgomery to depart
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M&G Wealth’s managing director David Montgomery is to depart the enterprise in August, the corporate has confirmed.
Mr Montgomery, an business veteran, determined to step down from his position and can depart in the summertime.
In an announcement this week the corporate stated: “We will affirm that David Montgomery has determined to face down from his position as managing director of M&G Wealth at the start of August. We wish to thank him for all the pieces he has achieved in his time at M&G and need him all the perfect for the long run.”
Mr Montgomery grew to become MD of M&G Wealth Administration in September 2020 when it was shaped, just below three years in the past. Previous to that he was COO Buyer & Distribution at M&G Wealth.
Earlier than M&G he labored within the US for Transamerica and earlier in his profession had roles at Royal Financial institution of Scotland, Virgin Cash and Aegon.
M&G Wealth has not given and purpose for Mr Montgomery’s departure however stated a seek for his substitute is below manner.
In June it was revealed that Clare Bousfield, the CEO of retail and financial savings at M&G plc, will step down within the autumn. The corporate plans to create two new devoted CEO roles to steer its wealth and life insurance coverage companies.
Lately mum or dad firm M&G introduced it was axing 200 jobs, about 4% of the 5,000 whole workforce. The roles shall be misplaced via voluntary redundancies.
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