Royal London has announced the appointment of Daniel Cazeaux as group chief financial officer, subject to regulatory approval.

Cazeaux will report to the group chief executive, Barry O’Dwyer and will take up the role in early June.

Cazeaux joins from KPMG where he is currently an audit partner. In this role he has led global client teams to deliver audit services to UK and global insurance companies, including advising on finance change programmes and transactions.

He has spent the last 20 years in financial services including executive secondment roles in finance functions of large UK insurers and has deep rooted specialist and commercial sector expertise.

Barry O’Dwyer, group chief executive of Royal London, said: “With his wealth of experience in the sector, Dan will be a strong addition to the Royal London board and executive team. He joins at a time when the value of Royal London’s financial resilience and capital strength has never been more important.

“Once we get past Covid-19, I look forward to working with Dan to build on that strength, creating a modern mutual that offers customers consistently great service, performance and value.”

Cazeaux added: “I am delighted to be joining Royal London and being part of an organisation that, as a mutual, is owned by its customers. I am looking forward to working with colleagues across the group and contributing to the business’s aim of strengthening its position in the market.”