McGill and Partners appoints new group CFO, replacing founding investor
Global boutique specialist re/insurance broker McGill and Partners has appointed a new group chief financial officer (CFO) replacing one of the original founders of the business and long-term investor who played a key role in its establishment.
Dominic Mignon will take over as group CFO from Oliver Corbett with effect from July 1, 2023.
Corbett, one of the founders of McGill and Partners, has decided to step back from his current position but will remain an investor and advisor to the firm.
Corbett has held the CFO role for four years. He played an important role in helping to establish the business in 2019. Since then, he has continued to contribute both as a board member and as a member of the executive committee, to build out of the firm across new specialisms and territories. This has included navigating the financial, regulatory, legal and licensing implications of the firm’s rapid international growth.
As part of a planned succession in March 2022, McGill and Partners had appointed Mignon as deputy CFO.
Steve McGill, founder and CEO of McGill and Partners, said: “On behalf of both myself and the Board, I would like to extend our thanks for the exceptional role Oliver has played as we have rapidly built a global business at scale with over 500 colleagues, in excess of US$100m of revenue in 2021, our second full year of trading, and achieving underlying profitability in 2022, our third full year of trading. I am delighted that Oliver will continue as both an investor and as an advisor to the firm. I am very pleased that in Dominic Mignon we have a natural successor and I look forward to working with Dominic in his future role as Group CFO as we continue to grow the firm for the benefit of all stakeholders.”
James O’Gara, on behalf of Warburg Pincus added: “Oliver played a critical role, working closely with us at Warburg Pincus, in the formation of McGill and Partners, helping to grow a significant and differentiated business in the insurance sector. We’d like to add our thanks and look forward to continuing to work with Oliver in his new advisory role.”
Corbett commented: “It has been an extraordinary privilege to found a business, nurture it through Covid, move it to underlying profitability and leave it well-placed for the future. It is now the right time for me to step back and take my new advisory position. I remain a long-term investor in McGill and Partners and wish Steve, Dominic and the broader team every success.”
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