XL hires Barclays’ tax chief

XL Group has appointed Philip Jacobs as global head of capital management, corporate development and tax.

He joins XL Group from Barclays Bank where he served as global head of tax, leading all aspects of Barclays’ tax operations worldwide and managing a global team.

Prior to joining Barclays in 2009, he served at AIG as global tax director and then as a senior vice president reporting to the vice chair-chief restructuring officer immediately following the Federal Reserve Bank of New York’s bailout of AIG. Prior to AIG, he was a senior tax leader at GE Capital.

He will report to Peter Porrino, executive vice president and chief financial officer of XL Group. Mervyn Skeet continues as global head of tax and a member of XL’s finance leadership team.

“We are delighted to welcome Phil to XL and look forward to his contributions. I’ve known Phil for over 25 years and he will be a tremendous addition to XL’s finance team,” Porrino said. “Phil is well-positioned to assume this critical role given his 30-year career in financial services, background in capital markets, mergers and acquisitions and experience leading global finance functions.”