ACE European Group (AEG) today announced the appointment of Mike Reynolds as its new Chief Financial Officer. Philippa Curtis, CFO for ACE’s European operations since 1996 will be retiring in September 2009.
Mike Reynolds joins ACE from the AON Corporation, where he was most recently CFO for Aon Benfield. Based in ACE’s London European Headquarters, Mike will report to Andrew Kendrick, ACE European Group’s Chairman and CEO.
Commenting on the appointment, Andrew Kendrick, said: “Mike is joining ACE European Group at a moment of great opportunity. AEG represents a $4 billion business and following our recent launch in Turkey, we are now present in 26 countries covering Europe, MENA and South Africa. As we move forward, Mike will play a key role in helping to ensure that ACE emerges a stronger player following the current economic downturn”.
Kendrick continued: “Whilst welcoming Mike to the organisation, I would like to express our deepest thanks and appreciation to Philippa Curtis, who has led ACE’s European Finance, Actuarial and Risk functions during a period of momentous development and growth. Philippa’s contribution has been critical to our success and we wish her the very best in her forthcoming retirement”.