This comes as Zimbabweans at home and abroad continue to
raise the nation’s flag high through their achievements which have won global
acclaim.
Just recently, Zimbabwe’s National High School moot team
made history after being crowned champions of the world at the 2022
International Moot Court competitions.
And a Zimbabwean scientist, Dr Sikhulile Moyo, credited
with the discovery of the Covid-19 Omicron variant, was recognised as one of
Time magazine’s 100 most influential people in the world.
Now raising the country’s flag high, Ms Ngwenya, who
previously served as president of the UK Institute and Faculty of Actuaries, is
now a member of the PRC, which supervises banks, insurers, and major investment
firms in the UK.
Ms Ngwenya said she was elated to be appointed as an
external member of the PRC at a time it considers a number of important issues,
including the Future Regulatory Framework Review and Solvency II reforms in the
UK.
“I am delighted to be appointed as an external member of
the Prudential Regulation Committee as it considers a number of important
issues, including the Future Regulatory Framework Review and Solvency II
reforms. I look forward to contributing my international financial services
experience in support of the work of the Committee”.
Ms Ngwenya is a past president of the Institute and Faculty
of Actuaries (IFoA) and served on its governing council for eight years.
In her executive career, she was a member of the Group
Executive Committee of Liberty Group in South Africa serving as chief
strategist.
Prior to that, she was chief risk officer for Old Mutual’s
African operations.
Ms Ngwenya is an actuary and holds a Sloan MSc in
Leadership and Strategy from the London Business School. She is also an
executive coach and an advocate for diversity, equality, and inclusion.
The Prudential Regulatory Authority’s most important
decisions are taken by the PRC, chaired by the Governor of the Bank of England.
Five members of the PRC are bank staff, including the
governor and four deputy governors. The PRC has a majority of external members,
including the chief executive of the Financial Conduct Authority.
UK chancellor of the exchequer, Mr Rishi Sunak, said Ms
Ngwenya’s experience in international financial services will add value,
insight, and expertise to the PRC.
Governor of the Bank of England, Mr Andrew Bailey, said he
was delighted to welcome Ms Ngwenya to the PRC as she brings a wealth of
experience on the insurance side and will make a valuable contribution to the
work of the committee.
“Her senior leadership experience, including from her role
as president of the Institute and Faculty of Actuaries (IFoA), will be
invaluable for our work on the Solvency II reforms and the future regulatory
framework. I look forward to working with her in the coming years,” he said.
Prior to her new appointment, Ms Ngwenya served as an
independent non-executive director at Tangerine Life in Nigeria and its holding
company Tangerine Financial.
She was the chairperson of the Canon Collins Trust in the
UK and a trustee of the Legal Resources Centre in South Africa. Herald
0 comments:
Post a Comment