Patrick Smith to step down as Swinton CEO

Swinton's current deputy chief executive Peter Halpin will take as over the chief executive role from Patrick Smith, who is to remain on the board as chairman.

The announcement came as the high street broker reported record profits of £50.1m, a 4% increase on last year, and premium income of £763.9m for 2008.

Mr Smith, outgoing CEO of Swinton said: "I have had lots of fun at Swinton. It has been a pleasure to work with a dedicated group of professionals to build a great business in a fiercely competitive and changing marketplace. I have chosen to step down from the top job at Swinton in its 52nd year of trading and I am confident that Mr Haplin will

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