Matthew Drennan leaves Zurich role
Matthew Drennan's role as executive general manager investments at Zurich has been made redundant in what the company called an internal restructure of the business.
Drennan's redundancy is a result of the merging of executive general manager roles of life and investment divisions, according to Zurich's chief executive, life and investments, Colin Morgan.
However, Morgan said the company's senior management is currently working with Drennan to explore other opportunities within the group.
"Zurich has made its growth intentions in the Asia-Pacific abundantly clear, as evidenced through our recent acquisitions in the region," Morgan said. "Matthew has developed a very talented pool of investment expertise within the business, and in doing so Zurich is in an extremely strong position for continued success."
In other moves, former general manager sales and marketing, Philip Kewin, has been promoted to the role of general manager, retail life and investments.
Stephen Latham will become life and investments chief operating officer when current COO Chris Rutherford retires, while Richard Dunkerley moves to head Zurich's marketing division.
Morgan said the changes would allow the business to accelerate its transition from a product manufacturing focused organisation to a "genuinely customer driven provider of innovative financial solutions".
Recommended for you
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
