Resolution Life, a long-term legacy life insurance solutions provider, has appointed Simon Woods as Group Chief Financial Officer.
Woods will be responsible for the financial leadership of the business, including accounting, controlling, tax, investments, capital raising and deployment, debt strategy and management, and treasury services.
He joins Resolution Life from EY in Zurich, where he was a Partner in the EMEIA Financial Services group, where he was responsible for a range of senior client relationships across insurance and leading EY’s client services for complex strategic change.
Before EY, Woods spent 15 years in Investment Banking, latterly as Head of Insurance Financing for Goldman Sachs’ Investment Banking Division in London. Prior to that, Woods worked at both UBS and HSBC.
He has advised numerous globally significant insurance groups with respect to financial strategy, acquisitions and divestments, debt and equity financing, capital management and solutions, and complex group issues.
He will report to Sir Clive Cowdery, Resolution Founder and Executive Chairman of Resolution Life, and will join the Group’s Executive Committee.
Earlier this year, Resolution Life completed a c.US$1.6bn equity capital raise and has significant capital to deploy for future growth transactions.
Cowdery commented: “Simon’s experience positions him to play an instrumental role at Resolution Life as we continue to grow through M&A.
“He already knows the business well and I look forward to working with him as the group helps even more global insurers to release capital by providing a safe long-term home for policyholders.”
Woods added: “I am delighted to join Resolution at a hugely exciting time for the company and the industry, and to help drive continued growth.”
