Italian insurer Generali Group has revamped its organisational structure and appointed Woody Bradford as chief executive officer of its asset management arm effective June 1.
The asset management arm will be named Generali Investments Holding and replace the company’s existing asset and wealth management business unit. Generali Group CEO Philippe Donnet will be the chairman of the arm.
Bradford will remain as CEO and chair of US asset manager Conning Holdings, which Generali completed acquiring early this month.
The announcement was made the same day the insurer’s board approved the new organisational structure to reflect its business as a diversified group focused on two main businesses: insurance and asset management.
“This change in structure is designed to accelerate growth and address business priorities for the insurance and asset management businesses more effectively,” Generali says in a statement on April 22.
The insurance division is led by Giulio Terzariol as CEO and Jaime Anchústegui as deputy CEO.