Peter Coleman, commercial director of Positive Solutions, has been appointed as CEO with immediate effect.
The appointment is subject to FSA approval.
This follows the announcement by parent AEGON today that Jim Reeve, CEO of Positive Solutions, has left to pursue alternative opportunities within the financial services sector.
Coleman joined Positive Solutions in March 2011 and is a former director of Burns-Anderson.
His immediate objectives are to work with James McCourt, risk and compliance director, to complete Positive Solutions’ final preparations for RDR transition and to identify further opportunities to grow the business.
Patrick Gale, AEGON’s executive chairman of distribution, said: “I would like to thank Jim for his significant contribution to Positive Solutions over the last four and a half years and I wish him well in his future career.