Philip Scott took office as president of the Institute and Faculty of Actuaries yesterday, replacing Jane Curtis, who held the post between June 2011 and June 2012.
Mr Scott is a non-executive director of both the Royal Bank of Scotland and Diageo plc. He 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 Profession's annual general meeting yesterday, 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.
'There are new economic realities, risks and challenges being faced by business and political leaders everywhere,' he said. '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.'
Mr Scott 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.
'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,' he said.