Pension Insurance Corporation (PIC) has appointed Mike Eakins as its new chief executive ahead of its acquisition by European insurer Athora.
Eakins is currently group chief investment officer at Standard Life and chief executive officer of its Retirement Solutions and Asset Management business.
PIC announced on Friday that its acquisition by Athora had been given regulatory approval.
Eakins will succeed Tracy Blackwell, who retired from PIC last year. Dom Veney has been interim CEO since she formally left the company, and will continue in the role until Eakins joins, PIC said in a statement.
PIC chair David Weymouth described Eakins as “a highly regarded leader with deep industry experience”.
Eakins added: “I have long admired what the team at PIC have achieved, so I’m very excited to be joining them as CEO. PIC’s clear sense of purpose is fundamental to the success of the business and is something I want to build on, working with the current leadership team and Athora.”
Meanwhile, at Standard Life, the company announced that Nuwan Goonetilleke would take on Eakins’ roles on an interim basis. Eakins will step down from Standard Life “following a short handover period”, the insurer said.
Standard Life has already begun the process of identifying a permanent replacement.
Goonetilleke is currently Standard Life’s head of capital markets, having joined the company in 2020 from Swiss Re.
Andy Briggs, Standard Life’s CEO, said: “I would like to thank Mike for the important contribution that he has made to grow our Retirement Solutions and Asset Management divisions over the last six years…
“Our Retirement Solutions business has strengthened its position as a leading player in the market while our internal asset management division now encompasses over 500 people driving significant value for the group.”
Pension Insurance Corporation (PIC) has appointed Mike Eakins as its new chief executive ahead of its acquisition by European insurer Athora.
