London-listed broking firm Jardine Lloyd Thompson is to restructure its operations into two business groups to become more efficient and to provide better customer service.
The changes, which will take effect from 1 January 2002, will see the risk and insurance operations joined under their own management and internal reporting structure.
The second group will handle employee benefits, which consists of pension administration, outsourcing, employee benefits, consultancy and US group marketing activities.
The company also provided an update on the structure of its board of directors: the chairman will be Ken Carter, the non-executive deputy chairman will be Rodney Leach and the chief executive will be Steve McGill.
The company also said John Lloyd would join the board with the main objective of developing client and market relationships. Dominic Collins will replace him as chairman of Risk Solutions.
Vyvienne Wade will join the Board as legal director.
Carter and Claude Chouraqui will both retire from Jardine Lloyd Thompson's executive committee at the end of the year. But, Chouraqui will continue as a non-executive director of the company in 2003.
