The person in charge of Norwich’s acquisitions of Portfolio Partners and Paladin in Australia has taken up the top job at AMP’s UK finanical services operations.
The person in charge of Norwich’s acquisitions of Portfolio Partners and Paladin in Australia has taken up the top job at AMP’s UK finanical services operations.
Fraser’s appointment as managing director of the group’s UK financial services group (UKFS) is, according to AMP, subject to regulatory approval.
In his new role, Fraser will oversee the amalgamation of AMP’s UK financial service businesses Pearl, NPI and London Life into a single organisation called AMP UKFS.
In a company statement, AMP says senior UK executives would be given new responsibilities for UKFS, reporting to Fraser.
NPI managing director Trevor Thompson would lead UKFS’ distribution activity under a cus-tomer interaction group, Pearl managing director Rodney Cook would lead the customer man-agement function, incorporating strategy, customer solutions, marketing, segmentation and prod-uct development. AMP group executive Geoff Thompson would lead overall strategy imple-mentation.
Fraser was previously Europe managing director for CGNU, following a period as international executive director for Norwich Union.
During his term at Norwich Union, Fraser led the acquisitions of Portfolio Partners and Paladin in Australia and British Life in Spain. He also established new operations for Norwich Union in Poland and established a trans-European strategy.