Royal London
The Board of Directors
Tim Melville-Ross, CBE
Chairman
Tim Melville-Ross was appointed to the Board on 1 June 1999 and became Non-Executive Deputy Chairman and Senior Independent Director in June 2002. He became Chairman on 1 January 2006. He is Chairman of the Nomination Committee. He was chief executive of the Nationwide Building Society from 1985 to 1994 and director-general of the Institute of Directors from 1994 to 1999.
He is chairman of the Higher Education Funding Council for England.
Phil Loney
Group Chief Executive
Phil Loney was appointed to the Board on 3 October 2011, coinciding with his appointment as Group Chief Executive of Royal London Group. He previously spent 8 years at Lloyds Banking Group, most recently as Managing Director, Life, Pensions and Investments. Prior to joining Lloyds, Phil held senior management positions with Axa, Norwich Union, CGU and Lloyds Abbey Life amongst others.
He is a director of the Association of British Insurers.
Stephen Shone, BSc (Econ), FCA
Group Finance Director
Stephen Shone was appointed to the Board on 1 January 1999 when he joined Royal London as Group Finance Director. He trained as a chartered accountant with KPMG, has more than 20 years’ experience in the financial management of life companies and has led a significant number of major acquisitions. On leaving KPMG in 1987 he became finance director of Prolific Group.
From 1990 to 1998 he was with Irish Life plc based in Dublin and St Albans, where he held a number of posts, including group chief financial officer from 1996 to 1998.
John Deane, FIA
Executive Director
John Deane was appointed to the Board on 1 April 2007. He has 29 years’ experience in the life assurance industry.
His roles have involved leading acquisitions in the public and private arena with UK and international experience. He has previously established an outsourcing company and has 18 years of senior executive and board experience in IT, administration, compliance, risk, distribution and corporate development.
He is responsible for the intermediary businesses of Royal London.
Andy Carter, MA
Executive Director
Andy Carter was appointed to the Board on 2 January 2007. He joined Royal London Asset Management in September 2001 as Chief Investment Officer and was promoted to Chief Executive Officer in September 2003. Andy has extensive asset management experience of the major asset classes, beginning his career in investment management in 1983 with Provident Life.
Prior to joining Royal London he held a number of investment management positions at Gartmore from 1987 to 2001, including head of UK equities.
Robert Jeens FCA
Non-Executive Director
Robert Jeens was appointed to the Board on 1 May 2003. He is
Chairman of the Audit Committee. He has some 30 years' experience
within large financial services businesses, initially as a partner at
Touche Ross & Co and latterly as finance director at Kleinwort
Benson Group plc and Woolwich plc.
He is currently also a non-executive
director of Henderson Group plc, TR European
Growth Trust plc, Gartmore Fledgling Trust plc and a number of private companies.
David Williams MSc
Non-Executive Director
David Williams was appointed to the Board on 1 March 2006. He is Chairman of the Remuneration Committee. He is currently chair of the operating partners with Duke Street Capital LLP and chairman of Adelie Food Holdings Ltd, Sandpiper Ltd and The Original Factory Shop Ltd. Additionally, he is a non-executive director of Mothercare plc.
He also held a number of senior appointments with Diageo plc, PepsiCo Inc and Whitbread plc. He holds an MSc from the London Graduate School of Business Studies.
Andrew Palmer
Non-Executive Director
Andrew Palmer has been appointed to the Board with effect from 1 April 2011. Formerly group finance director of Legal & General Group plc where he had also held a number of financial and operational roles in the asset management, insurance and international businesses. He is senior independent director at SEGRO plc, and a Non-Executive Director of RBS Insurance, and a number of its operating subsidiaries.
He is also a member of the Financial Reporting Review Panel of the Financial Reporting Council.
Duncan Ferguson FIA
Senior Independent Director
Duncan Ferguson was appointed to the Board on 1 April 2010. He is the Senior Independent Director and Chairman of the Board Risk Committee. He was senior partner of Bacon & Woodrow then B&W Deloitte from 1994 to 2003. He was also a non-executive director of Halifax from 1994 until it merged with Bank of Scotland in 2001 and then of HBOS Financial Services until 2007.
He is currently a non-executive director of Henderson Group plc and of Windsor Life and is chairman of the Phoenix and Pearl with-profits committees. He is a past president of the Institute of Actuaries.