RFIB announces that Marshall King will be leaving the company to pursue another challenge. With immediate effect, Jonathan Turnbull, currently Group Chief Financial Officer, will take up the position of CEO. Jonathan’s appointment will be on an interim basis while RFIB works with the FSA regarding his permanent appointment.
Robin Hodgson, Chairman of RFIB said:
“Marshall has done an excellent job over the last two years strengthening the Group’s operating and management systems. However, I recognise that this time provides a natural break in our development and respect Marshall’s decision to want to move on to a new challenge.
“With more than 20 years’ experience in the Lloyd’s market, including three years at RFIB, Jonathan Turnbull is an ideal successor to build on the foundations Marshall has laid. “RFIB continues to go from strength to strength, opening international offices in Almaty, Kazakhstan, and Riyadh, Saudi Arabia this year, as well as launching a new retail broker with local partners in Russia. We also continue to invest in new capabilities including global facultative property, aviation and captive reinsurance and our results for the first quarter to 30 September are ahead of budget and ahead of last year.”
Jonathan Turnbull’s successor will be Nigel Cotton who will be joining RFIB on 1 November 2011 as the company’s Finance Director, subject to the FSA approving his appointment. He joins us from Willis where he held a number of senior operational and finance roles in recent years. Nigel will give us the necessary management bandwidth to grow the business.
Marshall King said “Over the last two years RFIB has largely completed its transition from being a collection of niche broking businesses to a unified company offering a wide and integrated set of services to its many clients. I’m proud to have led that transition, but with that largely completed, I would now like to take my career in another direction, and it is a natural point to hand over to Jonathan Turnbull, who has been a hugely supportive CFO and I am sure will be a successful CEO in leading the firm through its next stage of evolution.”