London Market PPL shakes up leadership ranks; says ‘time to pivot’

London Market’s electronic Placing Platform Limited (PPL) has restructured its senior leadership following its first five months of full operation, and  market adoption from the likes of  Aon,  Lockton and numerous other brokers. PPL has set out a new long-term strategy with a “very strong” focus on (API) operation, Blueprint 2 integration, and Data First trading.

As it moves into implementation mode, PPL, which launched its much anticipated Next Gen platform in March this year, has completed a restructure, which it says is designed to ensure that the business is configured correctly to meet its long-term strategy.

The move follows the recent appointment of Steve Hearn, the outgoing CEO of Ardonagh’s reinsurance brokerage Inver Re, as new chair of PPL. Hearn is replacing Bronek Masojada at the end of July.

Furthermore, Colin O’Malley is appointed as new chief operating officer (COO) - responsible for operations, market engagement and adoption, training, service delivery, and customer satisfaction.

Amit Arora is appointed as chief commercial officer (CCO) – responsible for finance, legal, sourcing, procurement, risk, and governance.

Tanya Duckworth becomes director of channels and partnerships – responsible for the PPL partnership strategy, integrated planning with vendors and market firms, and PPL’s early adopter programmes.

Andy Woolley becomes director of product & placement – responsible for ensuring that PPL’s product set delivers the optimal business functionality for the market.

Additionally, PPL will begin recruiting for two new roles - chief information officer (CIO) and head of brand & communications.

The CIO will be responsible for PPL's technology platform and data platform. The executive will have oversight of the transformation agenda, project delivery, and the engagement with delivery partners.

The head of brand & communications will be responsible for public relations, strategic communications, and oversight of marketing activities.

Joe Gordon, CEO of Placing Platform Limited said: “We decided to reconfigure our senior management team to ensure that we have the right focus to deliver on our Digital agenda. There is considerable work for us to do, but with the launch and market adoption of Next Gen soon to be behind us, it is time to pivot to accelerating achievement of APIs, CDR integration, and Data First Trading. Congratulations to the team on their well-deserved appointments, which come on the back of the huge amount of work that they have delivered to get us to this exciting point in our evolution.”

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