12 January 2016 Insurance

PIB poaches Towergate exec as group CFO

UK-based PIB Insurance Brokers (PIB) has appointed Ryan Brown as group chief financial officer (CFO).

Brown joins PIB from Towergate Insurance where he served as finance director of Towergate Underwriting and as the group’s mergers and acquisitions (M&A) director. Prior to joining Towergate Insurance, Brown spent 15 years in investment banking with a specialised focus on the insurance sector.

Brown will report to Brendan McManus, chief executive officer of PIB.

Specifically, Brown will be tasked with supporting PIB’s growth by working with McManus to drive the execution of PIB Insurance’s acquisitions.

“Bringing Ryan on board is a very exciting milestone for PIB Insurance,” said McManus.

“He forms a key part of the management team we are assembling and brings a wealth of valuable sector insight to our operation both from his experience as a banker and his deep M&A expertise.

“We are confident that he will play an integral role in growing our business, particularly as we look to become a major consolidator of insurance distribution businesses.”

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