Clive Bolton, managing director of protection, savings and retirement at LV= is set to become the chief executive officer (CEO) of M&G Life Insurance in September – returning to where he started his career almost 40 years ago.
In his new role, Bolton will be responsible for developing and growing the range of PruFund products available across the UK and Europe, as well as the five million customers in its Heritage business.
Bolton will also be a member of M&G’s group executive committee. He will report to group CEO Andrea Rossi.
His experience in the financial services industry includes more than a decade at Aviva Life UK, with five years as managing director of retirement solutions.
Bolton is also the chairman of the civil service pension scheme advisory board in the cabinet office.
Andrea Rossi, group CEO of M&G plc said: “Clive is a hugely experienced life insurance leader and I am delighted to be able to appoint someone of his calibre to M&G.
“He is a seasoned pension and savings expert having spent most of his career within the sector, working in a number of leading organisations.
“With a proven track record of growing and developing life businesses based around the needs of customers and advisers, Clive brings a broad understanding of the life and pensions market that will be key to supporting our existing customers, alongside the development of new innovative solutions that will underpin our growth ambitions.”
Clive Bolton, incoming CEO of M&G Life Insurance said: “I am thrilled to be joining M&G, an organisation with such a long heritage in developing innovative solutions to support corporate and individual clients to manage and grow their savings and investments through unique products such as the PruFund range.
“It will be a real privilege to work with the team to continue to deliver an excellent service to clients and drive forward M&G’s growth ambitions.”
David Hynam, group CEO of LV= said: “Since joining LV= in 2019, Clive and his team have successfully repositioned the strategy for protection, savings and retirement, including building the ambition for the LV= Smoothed Managed Fund (SMF) range and modernising LV’s customer journey.
“Clive leaves a strong team in place and I want to thank him for all he’s done for LV=.
“We are undertaking a thorough internal and external recruitment process and Clive will be working closely with me and the wider LV= Executive to ensure a smooth handover.”