Appointed to oversee the group's growth strategy, Bradshaw boasts a 40-year career; he is a qualified actuary who was founder, managing director and chairman of Skandia Life, chief executive of Abbey Insurance (now Santander) and is also chairman of Nucleus Financial Group. He was also Sanlam non-executive director in the UK and South Africa.
He will work closely with the executive team following the merger, led by group CEO Mike Faulkner and James Barham. Barham will continue to head the equity management business while also taking on a group-wide role in charge of distribution.
Bradshaw said: "I have known Mike for many years and have been thoroughly impressed by his personal integrity and his business acumen; so clearly evident in the numbers. I look forward to being part of this enterprise.”
Faulkner added: “Appointing Paul is a clear demonstration of how far we want to take R&M. He brings decades of leadership experience, entrepreneurial drive and seasoned judgement, which will be invaluable.”
Punter Southall Group, P-Solve’s founder, and Pacific Investments, which established River and Mercantile Asset Management, remain as strategic shareholders of the new group, in which all management and key staff will retain equity interests.
