Over-50s holiday and insurance company Saga hires new finance boss from Zurich

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Holiday company Saga announces new finance boss (Source: Getty)

Saga has ended its six-month search for a chief financial officer with the hire of James Quin from Zurich.

Quin, who will join on 1 January, will become Saga’s chief financial officer (CFO) and executive director.

He joined Zurich in 2013 from PwC and prior to that was a managing director at Citi where he led the European insurance equity research team.

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Saga chief executive Lance Batchelor said that Quin “has extensive strategic, investor and operational finance experience within the insurance industry and will be a valuable member of the leadership team as we target investment in new customer acquisition to deliver long term value for the group.

In March it was announced that Saga’s former CFO, Jonathan Hill, was leaving the company in September to join gaming firmPaddy Power.

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In December Saga’s shares fell 25 per cent after it issued a profit warning, which it blamed on the collapse of airline Monarch.