PIB Group appoints new CFO

Specialist insurance intermediary group PIB Group has appointed Alastair Hay as its new chief financial officer, effective immediately.

A chartered accountant and qualified corporate treasurer, Hay joins the firm from animal health and pharmaceutical manufacturer Argenta, where he likewise served as chief financial officer.

His prior experience includes time spent as chief corporate development officer at Pharmanovia and as managing director at FTI consulting, roles from which PIB Group said he would bring “extensive experience in transformations and turnarounds, as well as international buy-and-builds”.

His appointment follows the recent hiring of Rob Houghton as chief operating officer, who PIB Group said together with Hay will be “instrumental to PIB Group’s senior leadership team as the group continues with its ambitions to deliver market-leading organic growth”.

Impressive platform

The new appointee said that over the past decade, PIB Group had “built an impressive platform with genuine breadth and strong specialist capabilities”.

“The group has a clear strategy for the next phase of its growth and I’m looking forward to partnering with the team to realise that potential,” he added.

Jo Payne, chief people officer at PIB Group, added: “Hay brings a rare combination of humility and drive which is a natural fit for our entrepreneurial and collaborative culture at PIB Group.

“His appointment reflects our commitment to delivering on our strategy by improving margins and leveraging the group’s international scale and capabilities. Together with Houghton as chief operating officer, he will be instrumental in continuing to drive growth across the group.”