Roger Edwards, managing director of Scottish Provident and Bright grey, is leaving the Royal London Group after 12 years amid a restructure in the intermediary division.
The UK's mutual life and pensions company announced that Edwards, will be leaving after he made the decision not to be considered for a role in the new structure.
Hugh McKee, chief executive of Royal London's Intermediary Division, said: "We are starting to restructure the division to help deliver greater efficiency while continuing to provide strong expertise in our chosen markets.
"Roger has decided not to be considered for a role in the new structure and will leave the company in due course to pursue new challenges. I would like to thank Roger for his very significant contribution throughout his twelve years with Royal London and to wish him well in the future."
Edwards will continue in his current role in the meantime and will support the transition to the new structure of the Intermediary Division.