Giles is understood to be preparing for a flotation

Giles has reshuffled its finance team as it prepares for a potential flotation, Insurance Times reports this week.

It has also emerged this week that the head of Giles’s Glasgow operation, Lorraine Dillett, has left the company and is believed to be joining Aon.

Deputy finance director Mark Chambers has been promoted to finance director with immediate effect and will sit on the board. He is succeeding Paul Matson, who becomes the group’s new chief financial officer.

Sources close to the broker speculated that the company is strengthening its senior management team in preparation for an exit via a flotation as early as 2012.

Click here to read the full story from this week's issue of Insurance Times.

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