Phoenix Group taps Nic Nicandrou for CFO

Savings and retirement business Phoenix Group revealed on Wednesday that Nic Nicandrou had been appointed to the role of chief financial officer, with effect from 2 December.

Phoenix said Nicandrou has "extensive financial services and executive leadership experience within the FTSE 100", most recently from his role as chief executive officer of Prudential Asia & Africa.

The FTSE 100-listed group added that interim CFO Stephanie Bruce will remain in the role until such a time that an orderly handover has been completed.

As of 0815 GMT, Phoenix shares were down 0.26% at 494.53p.

Reporting by Iain Gilbert at Sharecast.com