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Jardine Lloyd Thompson Group P.L.C. has promoted Bala Viswanathan to CEO of its U.K. employee benefits business, the London-based brokerage announced Monday.
Mr. Viswanathan, who previously was group chief operating officer, succeeds Duncan Howorth, who the brokerage said is retiring for personal reasons.
“I would like to thank Duncan on behalf of the group for the important contribution he has made over the last 15 years in building out our employee benefits business in the United Kingdom and internationally and, more recently, during his successful period as CEO of JLT Asia,” JLT CEO Dominic Burke said in a statement.
Mr. Viswanathan’s “experience and entrepreneurial drive will enable him to drive the next phase of this business’ growth,” Mr. Burke said.
Industry veteran John Lloyd will step down as CEO of JLT Specialty Ltd., a unit of Jardine Lloyd Thompson Group P.L.C., at the end of the year as part of a planned succession, JLT announced Monday.