We were very proud to hear that former IFoA President Marjorie Ngwenya has been appointed as an external member of the Bank of England Prudential Regulation Committee for a three-year term, beginning in September (bit.ly/3tyNTP7).
Commenting on the announcement, the Chancellor of the Exchequer, Rishi Sunak MP, noted that Marjorie’s experience in international financial services will “add valuable insight and expertise to the Prudential Regulation Committee.”
Andrew Bailey, Governor of the Bank of England, said of Marjorie’s appointment: ‘’Her senior leadership experience, including from her role as president of the IFoA, will be invaluable for our work on the Solvency II reforms and the future regulatory framework. I look forward to working with her in the coming years.’’
In response, Marjorie Ngwenya said: ‘’I am delighted to be appointed as an external member
of the Prudential Regulation Committee as it considers a number of important issues, including the Future Regulatory Framework Review and Solvency II reforms.’’
The IFoA would like to extend our congratulations to Marjorie and wish her all the best for this exciting new role.