The Institute and Faculty of Actuaries has appointed Lord Currie of Marylebone to chair its new board. The role starts immediately for an initial three-year period.   

Professor David Currie is a cross bench member of the House of Lords who chairs the Advertising Standards Authority and is a council member of the European Policy Forum. He was the founding chair of Ofcom and founding chair of the Competition and Markets Authority among other non-executive roles. He has worked as an economics professor and was dean at Cass (now Bayes) Business School.  

The newly appointed chair will lead the process for filling the remaining open positions on the IFoA board, which include two independent non-executive directors and four member non-executive directors. The board will consist of five member NEDs including the president, three independent NEDs including the chair, and the IFoA chief executive.  

The IFoA expects the board to be in place before the organisation’s annual general meeting on 24 July.   

IFoA president Kalpana Shah said Lord Currie “is ideally placed to establish our new board and build the foundations for its future success”, calling his appointment “a significant milestone in our new governance reforms”. 

Lord Currie said: “In an increasingly uncertain world, the unique skillset of actuaries has never been needed more, and I am determined to build the board that the IFoA and the wider profession deserve for their future sustainable success.”