Articles - New president of the Institute and Faculty of Actuaries

 Philip Scott took office as president of the Institute and Faculty of Actuaries at the organisation’s annual general meeting today. He replaces Jane Curtis, who was President from June 2011 to June 2012.

 Philip is a non-executive director of the Royal Bank of Scotland and of Diageo plc. Over his 37 years in the financial services industry Phillip was Chief Executive of Aviva International and Norwich Union Life, and was Chief Financial Officer of Aviva plc. As president he brings his understanding of risk, finance, international operations and business management in the investment and life and pensions industries to the Profession.
 
 At the AGM today Philip thanked Jane for handing over the reins of a stronger organisation and told members that he was looking forward to his year as president.
 
 “Actuaries have a key role to play in the management and leadership of financial businesses around the world. We now have 40% of our membership outside of the UK; we are an international body whose training and standards are recognised as a kite mark for excellence throughout the world.
 
 “There are new economic realities, risks and challenges being faced by business and political leaders everywhere. The research and conclusions developed by the Institute and Faculty of Actuaries is there to help policy makers, business leaders and regulators in the UK and internationally make informed decisions and we will continue to provide our expertise to inform and manage change effectively.
 
 “As I step in to a leading role for the Profession for a year I see our members doing the same. Over the next year I expect to see the Profession take a leading role in financial services industry debates, adding its voice to the development of policy and regulation and helping to improve the communication between the financial services industry and consumers. At the same time through our leading education and development programme I want to see more of our members taking their place on Boards and in the management teams that steward businesses.”