Partnership Welcomes David Richardson as New CFO in Board Expansion

SURREY, England, Oct. 22 -- Partnership issued the following news release:

Partnership today announces that it has appointed David Richardson as its new Chief Financial Officer, where he will be responsible for Partnership's finance, actuarial and investment management.

David joins Partnership from the UK's largest closed life assurance fund consolidator, Phoenix Group, where he was Group Chief Actuary and responsible for restructuring the group's Pounds70bn balance sheet and overall capital management. Prior to this, David worked in a number of senior roles at Swiss Re, across both its Admin Re and traditional reinsurance businesses, including that of global head of its longevity pricing teams. David is a Fellow of the Institute and Faculty of Actuaries and a CFA Charter holder.

Other key board moves at Partnership:

With David's arrival, Partnership's incumbent CFO, Mark Dearsley, is moving to leverage his extensive international experience by becoming Managing Director of Partnership's new international division.

Kathryn Purves, Commercial Director has additionally been appointed as Chief Risk Officer and will oversee leadership of the risk, compliance, legal and company secretarial functions.

Steve Groves, Chief Executive Officer at Partnership, said: "We are delighted to announce the arrival of David Richardson on our board as Chief Financial Officer. David has valuable and very relevant experience within the industry and will be a great addition as Partnership continues its expansion. David's arrival has allowed other board members to widen their responsibilities, and I fully expect Mark Dearsley and Kathryn Purves to continue to flourish in their new roles."

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