In April, Generali announced it would be targeting high net worth clients in the UK – specifically those with assets of £3m plus – with its UK Private Wealth Management Portfolio, an offshore bond, and a related wealth-structuring services component.
The company said at the time that this new proposition would be channelled through private banks, family offices as well as asset and wealth managers, and said Acheson has now been brought on board to help further develop relationships with these entities.
Based in London, Acheson will report to David Gregory who was appointed executive director UK and international at the company in April in order to lead the new venture.
Gregory and Acheson joined the company from Canada Life International.
Prior to announcing the launch of its new UK proposition in April, Generali had trialed its offshore bond product, PWP, through a “handful of UK-based private banks”.