Royal London today announces that Barry O’Dwyer has joined Royal London to take up the role of Chief Executive, succeeding Phil Loney who stepped down at the end of June.
His appointment was announced on 19 June. Mr O’Dwyer joins from Standard Life Aberdeen where he was Head of Standard Life Aberdeen’s UK business covering pensions, savings, platforms and asset management.
Mr O’Dwyer started his career at Standard Life, a mutual insurance company, in 1988 and went on to hold a number of senior management positions in the company before moving on to roles at HBOS, Prudential and Standard Life Aberdeen. He was previously a non-executive director at Phoenix.
Kevin Parry, Chairman, said:
“Barry O’Dwyer brings with him wide-ranging experience of pensions, savings, platforms and asset management as well as a deep understanding both of the industry and the markets in which we operate. Along with his background in mutuality he has the right credentials to lead Royal London in the next stage of its growth.”
Barry O’Dwyer, Chief Executive, commented:
“As a mutual Royal London has a great story to tell. It shares its profits with its customers and puts its customers firmly at the heart of its proposition development and service. We are well-placed to continue to build a truly customer-centric and successful business.”
Regulatory approval for Mr O’Dwyer’s appointment is in progress.
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £138.9 billion, 8.6 million policies in force and 4,126 employees. Figures quoted are as at 31 December 2019.