The Institute and Faculty of Actuaries (IFoA) has appointed two new directors as it looks to promote the profession to a wider audience and open up new markets.
30 APRIL 2018 | CHRIS SEEKINGS
Annette Spencer takes up the role of director of public affairs and research, while Sarah Sim has been promoted to director of markets development.
They will both report directly to the IFoA's chief executive, Derek Cribb, and be part of the institute's senior leadership team.
"Annette and Sarah have both worked at board level and bring to this organisation a wealth of experience in their respective fields," Cribb said. "I greatly look forward to working with them.
"The senior leadership team is focussed on delivering our strategy - these complementary appointments will supplement our high-level expertise and bring fresh perspectives."
Spencer joins the IFoA after gaining experience at Zurich Insurance, RSA Insurance, the Universities Superannuation Scheme and the Financial Conduct Authority.
She was also director of communications at the Investment Association, and is a fellow and chartered practitioner of the Chartered Institute of Public Relations.
"I see a real opportunity to raise wider awareness and provide greater understanding of the work that actuaries do," Spencer said.
"The expert contributions provided by IFoA members and staff working closely together allow us to fulfil our public service remit and influence the future shape of the profession."
Sim joined the IFoA as head of global markets development in December 2016 having previously worked as a director at the Association of Chartered Certified Accountants.
She spent over a decade in her early career in the British Diplomatic Service - a role which included postings to Washington DC and the Caribbean.
"It's an exciting time to be forging ahead with our plans for supporting global growth," Sim said. "The qualifications offered by the IFoA are highly sought after here in the UK and globally."
"There is a fantastic opportunity within the actuarial profession for us to look at the application of actuarial work in wider fields, along with the more traditional practice areas.
"We believe the introduction of a new qualification framework, and the change in our curriculum in 2019, will lay the groundwork for us to expand into new areas."