MGM Appoints Geoff Shanks as Chief Financial Officer

24-07-2009

MGM Advantage, the retirement income specialist, announces the appointment of Geoff Shanks to the position of Chief Financial Officer. Geoff will report to Chris Evans, CEO.

As a Chartered Accountant and Chartered Insurer, he will be responsible for the investment, finance, actuarial, compliance and risk management functions at MGM Advantage.

Geoff joins from Zurich Financial Services with extensive experience in the financial services sector, having also worked for Prudential, NatWest Life, Mercantile & General Re and the Fairfax Group.

Chris Evans, CEO, MGM Advantage comments on the appointment, “We are delighted to welcome Geoff to the company and look forward to working with him during this exciting time for the business. The knowledge he has gained over his career will be highly valuable as we continue to develop ways to offer market leading service and annuity products to our customers and members.”

Geoff Shanks comments, “MGM Advantage is already seen as leading the way forward in the retirement income market. I hope that I can help the company to implement its ambitious plans over the coming years for the benefit of all its members.”

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Notes to editors

For further information
Citigate Dewe Rogerson
Jo Skinner 020 7282 1092
Sophie Woodcock 020 7282 1072


About MGM Advantage
www.mgmadvantage.com

History: Based in Sussex, the life assurer opened its doors in 1852 as Marine and General Mutual Life Assurance Society, to fill the poorly-met insurance needs of seafarers and traders.

MGM Advantage is a new name in the UK retirement income market. Formerly known as MGM Assurance, the company repositioned itself as MGM Advantage in June 2008, when it launched a wholly-owned business unit called MGM Advantage Designs for Retirement to focus on annuity sales and the wider retirement income market. MGM has been registered longer than any other company in the UK. It is a mutual society owned by its members, and manages assets in excess of £1.4 billion. MGM Advantage’s commitment to customer satisfaction is backed up by a customer charter, which promises high quality service and ease of mind.

MGM Advantage distributes its products through independent financial advisers (IFA’s) across the UK.

MGM Advantage Designs for Retirement, MGM Advantage and the MGM Assurance logos are Trade Marks of Marine and General Mutual Life Assurance Society.