Redington has appointed Sylvia Pozezanac as its chief executive officer, following the departure of Mitesh Sheth at the end of last year.
Pozezanac will join the firm on April 4, subject to regulatory approval.
She was previously president and chief executive at Mercer UK, and has more than 30 years of international experience in retirement, investment consulting and insurance including time spent as the chairperson of the Marsh & McLennan UK board.
Pozezanac replaces Mitesh Sheth who left in December last year to join Newton Investment Management as chief investment officer of its multi-asset business.
Redington’s interim chief executive, Zoe Taylor, will resume her role as deputy chief executive.
Kathryn Purves, chairperson of the board, said Redington is at a hugely exciting point in its development.
“As we continue towards our aim of helping to make 100mn people financially secure, for the benefit of people and planet, our focus is on supporting our growing client base of DB and DC pension schemes, and also expanding our proposition for wealth managers across the UK & Europe.
“Key to this is advancing our technology solutions to help all clients make more timely and informed decisions for the benefit of their end-beneficiaries.
“Given Sylvia’s impressive experience, combined with a clear desire to innovate and understand each and every one of our clients’ needs, I am certain she is the right person to lead Redington on this journey.”
Pozezanac said Redington created a storm in the market when it launched in 2006 and she has followed its development with interest ever since.
“The fact that after 15 years the business remains so well-known for its relentless client focus, innovative, purpose-driven and inclusive culture speaks for itself.
“Redington has clear ambitions for continued responsible and strategic growth and technological innovation which I am excited to be part of.
“I look forward to working with the team to advance these objectives and drive even more successful outcomes for our clients.”
sally.hickey@ft.com
