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PIB Group looks for new CEO after Brendan McManus departurePhoto by geralt on Pexels
Business
Economy

PIB Group looks for new CEO after Brendan McManus departure

Eco15 September 2026 at 17:53

Brendan McManus will leave the position of Chief Executive Officer (CEO) of PIB Group after 11 years, now taking on the role of Chairman of the Board of the British broker. McManus stated that the group is in a "strong market position" and that this is the "right time" to make way for new leadership.

During the transition period, PIB Group's management will be ensured by the newly created CEO Office, an executive body chaired by Jo Payne, Chief People Officer, which includes COO Rob Houghton, CFO Alastair Hay, General Counsel Carl McMillan, and Ryan Brown, who takes on the role of Chief Growth Officer.

Over the past decade, under McManus's leadership, PIB Group grew to operate in 12 countries, a expansion driven primarily by its mergers and acquisitions policy. In Portugal, where the group entered in 2025 with the acquisition of broker Vitorinos, the most recent expansion operation occurred in April 2026, with the purchase of AQS and Seguraz, strengthening its presence in the north of the country and in the commercial insurance segment.

PIB Group has approximately four thousand employees and manages a global insurance portfolio valued at approximately six billion euros, having completed 37 acquisitions of brokers and agents.

Why this matters

This news is relevant for readers in the region because PIB Group has been actively expanding in Portugal through acquisitions, including the purchase of Vitorinos in 2025 and, most recently, AQS and Seguraz in April 2026. The leadership change may influence the group's strategy and future operations in the Portuguese insurance brokerage market.

About this summary

This is our short summary of a report published by Eco on 15 September 2026 at 17:53; the full text stays with the publisher. In our feed it sits under Business. We currently carry 23361 items in that section.

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