John Schofield has been appointed as new Director of Group Internal Audit and Compliance for specialist insurer Ecclesiastical.
This is a new role within the company and will have responsibility for leading the insurer’s Internal Audit and Compliance functions across the Group. In his role, John will take oversight for these teams and functions in all Group companies, including Australia, Canada & Ireland as well as Ecclesiastical’s broker subsidiaries, Lycetts and SEIB. John will also oversee the technical claims and underwriting audits and be the company’s central point of contact with the FSA.
John has over 19 years internal audit experience within the Financial Services sector and most recently held the position of Head of Internal Audit for Old Mutual Wealth Management (previously Skandia). Before joining Old Mutual Wealth Management, John was an Executive Director at St James’s Place, having led their Internal Audit, Risk Management and Compliance functions. He has also been Head of Audit for both The London Stock Exchange and NatWest Life Assurance. As an FSA Approved Person, John has extensive experience of working closely with the FSA.
Michael Tripp, Group Chief Executive for Ecclesiastical, said: “This new role is the result of an internal review of the Internal Audit and Compliance functions carried out earlier this year. With an incredible amount of change going on in and affecting the insurance sector, we felt the Group would benefit from a closely aligned and an even stronger management of these crucial business functions. John’s knowledge and extensive background in the financial services sector will be a great asset for all Ecclesiastical’s Group companies, so we’re very pleased to have him onboard.”
John will be based at Ecclesiastical’s headquarters in Gloucester and will start in his role on 27th June.
Source : Ecclesiastical
