Philip Scott becomes president of the Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries have announced their new President, Mr Philip Scott who took over from Ms Jane Curtis who held the post between June 2011 and June 2012.

Mr Scott is a non-executive director of the Royal Bank of Scotland and Diageo plc and has worked in the financial services industry for 37 years, and was previously chief executive of Aviva International and Norwich Union Life and chief financial officer of Aviva plc.

In his new role as president he will bring his understanding of risk, finance, international operations and business management in the investment and life & pensions industries to the Profession.

At the annual general meeting, Mr Green thanked Ms Curtis for her work over the past year, and highlighted the important role actuaries had to play in management and leadership of financial services businesses worldwide. He said he hoped to help the Profession take a ‘leading role’ over the next 12 months as well as helping develop policy and regulation and working to improve communication between the financial services industry and consumers.

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