REG - LV= Liverpool VictoriaFS - Appointment of Chief Executive

Max Financial ServicesAnnouncement

26/09/2022 08:15

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RNS Number : 5887A  LV=  26 September 2022

 

For immediate release - 26 September 2022

LV= ANNOUNCES APPOINTMENT OF CHIEF EXECUTIVE

 

Insurance, investment and retirement specialist Liverpool Victoria Financial
Services Limited (LV=) has today announced the appointment of David Hynam as
its incoming chief executive, subject to regulatory approval.

 

David brings to LV= extensive executive experience in the UK insurance sector,
including as chief executive officer of Bupa's UK and Global markets, UK CEO
of Friends Life and chief operating officer of AXA. He has 30 years'
experience in retail financial services.

During his time at Bupa, David achieved record levels of growth and launched a
range of successful digital services for members. He was responsible for
Bupa's award-winning pandemic response in the UK, as the first major health
insurer to offer a member and customer Covid rebate.

David Hynam will join LV= on 26 September 2022. He succeeds Mark Hartigan who
announced his decision to step down as chief executive after two years in an
interim role and will be leaving the business at the end of the month.

 

Simon Moore, LV= chair, said:

"In securing the services of David Hynam, LV= has acquired a truly
market-leading chief executive. He is the ideal candidate to help LV= continue
to build a strong and sustainable future as a mutual life and pensions
business and that our mutual values thrive for the benefit of our members.

 

"David brings with him a track record of hugely successful leadership in the
insurance sector, while his extensive experience working with distribution
partners, intermediaries and brokers, means he is a perfect fit for LV='s
mutual business model.

 

"As well as his commercial and technical knowledge of the insurance sector and
financial services, it is David's values-driven approach and strong track
record of business transformation and growth that makes him the right person
to lead LV= into the next exciting phase of its future as part of a resurgent
mutual sector.

 

"Under my tenure, LV= will be a leading example of the value that mutuality
can bring both to its members and wider society and David is going to be a
very important part of that."

 

"I look forward to introducing David at our AGM in October, as his appointment
marks a new era for LV=.  At the AGM I will also give an unprecedented
address directly to our members so that they are the first to hear about the
steps David and I are taking to demonstrate that transparency and fairness
will be at the heart of our mutual business going forward."

 

David Hynam, incoming LV= chief executive, said:

 

"LV= is both a trusted brand and a company with a fantastic purpose. I am
excited to be part of the future growth of LV= and look forward to driving
opportunities, whilst meeting challenges head on. My priorities will be to
work with the team at LV= to deliver a true mutual culture, realise LV='s huge
distribution potential and drive business performance so that we deliver the
best possible outcomes for our members, advisers and colleagues."

 

About David Hynam's career

David Hynam has spent 30 years in the financial services and insurance sector.

 

He began his career at Barclays in 1992 working in a variety of roles before
becoming chief operating officer at Barclays' Offshore business.

 

He joined AXA UK in 2001 in a senior operations role, ultimately overseeing
operations for the UK and Ireland. When Resolution acquired the majority of
the UK life business from AXA, merging the business with the Friends Provident
business to create Friends Life, David joined Friends Life as Group COO,
leaving as UK CEO in 2013.

 

He joined Bupa UK in 2014 and led the transformation agenda for the UK
business as well as running the Health Clinics division. His most recent role
was as chief executive officer of Bupa's UK and Global markets, which included
all the UK businesses and international health insurance.

 

To learn more about David Hynam's appointment please visit www.lv.com/today
(http://www.lv.com/today)

 

-     Ends -

Notes to Editors

For more information please contact:

Candice South candice.south@lv.com (mailto:candice.south@lv.com) 07867 141547

 

About LV=:

LV= is a leading retirement and protection specialist. When we started in 1843
our goal was to give financial security to more than just a privileged few and
for many decades we were most commonly associated with providing a method of
saving to people of modest means. Today we follow a similar purpose, helping
people to protect and provide for the things they love, although on a much
larger scale and through a wide range of financial services including
insurance, investment and retirement products.

LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria
Financial Services Limited (LVFS) and trading styles of the LV= Group of
Companies. Liverpool Victoria Financial Services Limited, registered in
England with registration number 12383237 is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority, register number 110035. Registered address:
County Gates, Bournemouth, BH1 2NF.

 

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