The Institute of Financial Services (ifs) says Ron Sandler has been nominated to become its next president from October this year.
Widely known in London for his independent review of the long term savings industry in the UK, Ron Sandler is also credited with the revival of Lloyd’s of London when he was its chief executive. He was also formerly Chief Operating Officer of NatWest Group.
The ifs also announced that Bruce Carnegie-Brown has been nominated for deputy president, from October. Carnegie-Brown is chief executive officer of Marsh Ltd., the UK risk and insurance services subsidiary of US-based Marsh & McLennan Companies, owner of troubled mutual fund manager Putnam.
Gavin Shreeve, Chief Executive of the ifs said: “We’re delighted to have Ron Sandler and Bruce Carnegie-Brown on board. The membership of our Council reflects the broad spectrum of the financial services industry at its highest level. With such senior and respected figures at the helm, the Institute will be in an even better position to promote its services to the wider financial services community.”
The nominations, which have been approved by the ifs’ Council, will be put to the AGM in October 2004.
The Institute of Financial Services is a registered charity which aims to provide education and life-long career support services to the financial services industry. Through its faculty structure, the ifs develops and delivers qualifications, for which the CIB continues to act as assessing and awarding body.
The Faculties provide specialist educational programmes to particular sectors, including Banking and Finance, Financial Regulation, Risk and Insurance Management and financial education for 14 – 19 year olds.