Friends Life appoints David Hynam as UK chief exec

Friends Life 480

Friends Life has appointed David Hynam as UK chief executive as part of a reshuffle which will see corporate affairs and brand director Peter Foster leave the provider at the end of the year.

Hynam replaces Andy Briggs, who had been doing the job on an interim basis. Hynam will be responsible for the provider’s ‘go to market’ business and will report to Briggs, who will continue in his role as group chief executive.

Foster has been at Friends Life since 2010. Prior to this he was head of European marketing at Aegon Asset Management, now known as Kames Capital.

He has also previously held senior marketing roles at Zurich and Prudential.

A Friends Life spokesman says Foster now plans to set up a watch business.

The reorganisation follows a period of significant change at Friends Life.

In August 2011, Resolution set out proposals to split Friends Life into two separately listed businesses. In March, it announced the two businesses will be completely separated by early 2014, to ensure they could be sold off separately via IPOs.

In August this year, Resolution announced it is scrapping the IPO plans and will instead combine the boards of Friends Life and Resolution.