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The Actuary The magazine of the Institute & Faculty of Actuaries

Philip Scott chosen as Institute and Faculty president-elect

Mr Scott’s appointment takes effect from June 27, 2011, and his term runs for a year, prior to him becoming president in the following year.

Mr Scott (pictured) has extensive financial services experience and his responsibilities have covered finance, risk and actuarial functions, international operations, investment management and life and pensions businesses. He has been a non-executive director of Royal Bank of Scotland since November 2009 and is chair of its Board Risk Committee. He has also been a non-executive director of Diageo plc since 2006 and is chairman of its Audit Committee. During a distinguished career with Aviva his roles included chief financial officer of Aviva plc, chairman of Aviva Investors and group executive director of both Aviva International and Norwich Union Life.

Commenting on Mr Scott’s election, Ronnie Bowie, president of the Institute and Faculty of Actuaries, said: "We are delighted that Philip has agreed to volunteer his time to support the Actuarial Profession. The current environment presents actuaries with a range of challenges and opportunities and our members will certainly benefit from Philip’s undoubted leadership skills, extensive operational expertise and deep understanding of regulatory issues."

Jane Curtis, president-elect said: "We have a full agenda ahead for the Profession in terms of helping to inform public policy development on a whole range of critical issues and implementing our developing strategy on matters such as our qualification and education programmes and our international positioning. I’m very much looking forward to working closely with Philip during my term as president over the coming year."

Philip Scott said: "I’ve been a fellow of the Institute of Actuaries since 1979 and I’m honoured to be asked to join the presidential team. I look forward to playing my part in helping to ensure that actuaries are increasingly recognised for the value they add to society. My ambition is that the profession is seen to be even more relevant in the world of 2020 than it is today."