(Sharecast News) - Savings and retirement business Phoenix Group revealed on Wednesday that Nic Nicandrou had been appointed to the role of chief financial officer, with effect from 2 December.

Phoenix said Nicandrou has "extensive financial services and executive leadership experience within the FTSE 100", most recently from his role as chief executive officer of Prudential Asia & Africa.

The FTSE 100-listed group added that interim CFO Stephanie Bruce will remain in the role until such a time that an orderly handover has been completed.

As of 0815 GMT, Phoenix shares were down 0.26% at 494.53p.

Reporting by Iain Gilbert at Sharecast.com