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Barclays Bank head of tax joins XL Group

XL Group plc today announced that they have appointed Philip Jacobs as Global Head of Capital Management, Corporate Development and Tax.Mr. Jacobs joins XL Group from Barclays Bank where he served as global head of tax, and prior to joining Barclays in 2009, he was with AIG as global tax director and then as a senior vice president reporting to the vice chair-chief restructuring officer immediately following the Federal Reserve Bank of New York’s bailout of AIG. Prior to AIG, Mr. Jacobs was a senior tax leader at GE Capital.Commenting on the appointment, Mr. Porrino said: “We are delighted to welcome Phil to XL and look forward to his contributions. I’ve known Phil for over 25 years and he will be a tremendous addition to XL’s finance team. Phil is well-positioned to assume this critical role given his 30-year career in financial services, background in capital markets, mergers and acquisitions and experience leading global finance functions.”Mr. Jacobs will be based in Stamford, Connecticut.XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises.Useful website: www.xlgroup.com