3 May 2024
We are delighted to announce that Paul Sweeting has been confirmed as the next President-elect of the IFoA. Paul will assume this role at the AGM on 24 July when Kartina Tahir Thomson becomes President. Under the new governance reforms, he will be the first President elected to serve a two-year term from summer 2025. Paul will be the President who will lead the review to ensure that the governance reforms are working as intended and will then take these changes to a member vote.
Paul Sweeting is a senior advisor at the Hassana Investment Company, and an Honorary Professor of Actuarial Science at the University of Kent. He is a Fellow of the Institute and Faculty of Actuaries, for whom he has acted as a volunteer for many years. He also helped design and wrote the textbook for the profession’s Enterprise Risk Management subject.
Paul has chaired a number of actuarial boards, committees and working parties, and served as Honorary Secretary for the Institute of Actuaries prior to its merger with the Faculty of Actuaries. Paul is also a Fellow of the Chartered Institute for Securities and Investment, the Royal Statistical Society and the Royal Society of Arts. In addition, he is a Chartered Enterprise Risk Actuary and a CFA Charterholder. He holds a PhD in Economics from the University of Bristol.
Paul Sweeting, incoming President-elect, said: “It is a great honour to be chosen as the next President-elect of the Institute and Faculty of Actuaries. I look forward to engaging with our members around the world, and making this a profession for them to be proud of.”
We also wanted to take this opportunity to update you on our progress on reforms in other areas. The call for views from the Council Working Group on the future of Council is open. The group, led by Peter Tompkins, has run a series of webinars to listen to and take questions from members on the roles and responsibilities of Council as the IFoA continues to evolve. There will be an additional in-person meeting at Staple Inn on Monday 13 May if you are able to join to hear more about the call for views and tell us what you think. You can book on the link below:
13 May in person event, Staple Inn Hall (17:00 registration) 17:30 to 19:00
Now that Lord Currie is in place as IFoA Board Chair, we are making great strides in the process of recruiting and appointing the new Board. We are aiming to have the new IFoA Board complete with all non-executive directors ratified before the July AGM.
I am excited by the progress we are making on the reforms and believe that working together, we are creating an IFoA that remains relevant and resilient with the agility to adapt for the future.
Kalpana Shah
IFoA President