Lloyd’s has announced two top level executive appointments. Vincent Vandendael will take over as Director – International Markets, and Bruce Van Saun has been appointed as an independent non-executive director on the Lloyd’s Franchise Board.
Vandendael is scheduled to take up his new position by the end of this year. He will be responsible for the “development and management of all Lloyd’s global operations outside North America, seeking out opportunities to promote and further strengthen the market around the world,” said the announcement.
He joins Lloyd’s from Zurich Insurance Company where he was most recently CEO of the Global Corporate unit in Asia-Pacific. He will be based in London.
Lloyd’s CEO Dr. Richard Ward expressed his delight that Vandendael was joining Lloyd’s Executive Team. He indicated that “the continued development of Lloyd’s global reach is a key part of our Vision 2025. As we look to cement our position as the global centre for specialist insurance and reinsurance, the international insurance experience that Vincent brings, in particular from the fast-growing Asia-Pacific economies, will be invaluable to us.”
Van Saun will begin his initial three-year term position on the Franchise Board effective immediately. Lloyd’s noted that he “has more than 25 years of international financial services experience gained in a number of global financial institutions. He is currently Group Finance Director and an executive director at the Royal Bank of Scotland. Prior to that he was Vice Chairman and Chief Financial Officer at Bank of New York Mellon.”
Lloyd’s Chairman John Nelson described Van Saun as “one of the leading CFOs in the financial services industry,” indicating that he “will bring a wealth of international experience to Lloyd’s.”
Van Saun pointed out that “Lloyd’s is the most respected brand in the global insurance industry; adding that he is “very pleased to be joining the board at such an important time in its history, as we look to drive forward Vision 2025 and position Lloyd’s as the global centre for specialist insurance and reinsurance.”
Source: Lloyd’s of London