UK insurer Authorized & Normal appoints António Simões as chief government

Authorized & Normal, the FTSE 100 insurer, has appointed António Simões as its first new chief government in additional than a decade to interchange Sir Nigel Wilson from January.

Simões joins from Spain’s Santander, the place he has been regional head of Europe since 2020. He beforehand spent 13 years at HSBC together with because the UK and Europe chief government.

Sir John Kingman, Authorized & Normal’s chair, mentioned Simões stood out in an “wonderful subject” of candidates for his “vitality, ambition and readability of strategic considering”, in addition to his “robust perception within the constructive function that enterprise ought to play in society”.

He’ll obtain a base wage of £1.2mn plus bonuses and compensation for misplaced remuneration from leaving his present job.