– UK, London – Phoenix Group Holdings (LSE:PHNX), today announced that Nicholas Lyons has been appointed as Group Chairman effective from 1st September 2018, subject to regulatory approval.
Nicholas is currently a Non-Executive Director of a number of financial institutions including Pension Insurance Corporation, where he is the Senior Independent Director. He was previously on the boards of Friends Life Group Limited and Friends Life Holdings plc.
Nicholas read History at Cambridge before joining J P Morgan where he worked for 12 years in Debt and Equity Capital Markets and Mergers and Acquisitions. He then spent eight years at Lehman Brothers, as a Managing Director in their European Financial Institutions Group, ending his executive career as Global Co Head of Recruitment. Nicholas is an Alderman in the City of London Corporation.
Henry Staunton, Phoenix Group Chairman writes: “Nicholas is a tremendous choice to be my successor. He recognises the potential that the Group has following its impending acquisition of Standard Life Assurance, and he has extensive experience in the life sector.”
Nicholas Lyons added: “I am extremely pleased to be joining Phoenix at this exciting time. Henry and Clive have built a strong platform and an outstanding team and there are excellent opportunities ahead. I look forward to working with the Board, management and shareholders in the years to come.”
Alastair Barbour, Senior Independent Director, Phoenix Group, added: “On behalf of everyone on the Board at Phoenix, we pay tribute to Henry’s leadership through this transformational period for the Group. Henry leaves Phoenix stronger and more confident than it has ever been and the Board thanks him for his leadership and guidance.”
For more information : http://www.thephoenixgroup.com
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