Reporting to Group Risk Director, Sue-Ann Ind, a core part of Theo’s role will be to lead the implementation of the enhanced Corporate Governance Code.
“Theo has a unique combination of experience that will further strengthen the IFGL leadership team. Particularly his significant expertise in implementing corporate governance requirements, integrating newly acquired businesses, implementing risk-based capital and solvency requirements, as well as his deep legal expertise and leadership. I am delighted that Theo has joined our team,” said Sue-Ann.
Theo is tasked with ensuring IFGL – which owns RL360, RL360° Services and Ardan and is awaiting regulatory approval for its planned acquisition of Friends Provident International ¬- continues to integrate successfully as a group. “It is critical to get this right but it is also what the regulator expects going forward,” said Theo.
He added: “Navigating jurisdictional requirements will also be a key part of the role, working with external legal parties and regulators.”
Theo, a South African, will be based in the Isle of Man where IFGL is headquartered. He spent 17 years at Old Mutual South Africa (a former sister company of Old Mutual International), working on projects in South Africa, Kenya and Latin America, and prior to that was a public prosecutor in Cape Town.
He has been impressed with what he has seen at IFGL. “The focus and the cohesion in the strategy here is remarkable for me, compared with what I have experienced previously in a large corporate,” he said.