Board Members

The membership of the Board provides representation of a cross-section of groups with an interest in actuarial standards, and lay members. Membership includes:

• Practising UK actuaries, covering different areas of actuarial practice
• Users of actuarial advice provided to insurance companies, corporate pension scheme sponsors, and trustees

Membership may include persons concerned with other financial organisations such as banks, securities firms, fund managers and investment advisers, or other persons who have an interest in actuarial practice, including consumer representatives, members of other professions which work with actuaries, and academics (e.g. economists, statisticians and demographers).The BAS Board may admit observers to attend its proceedings. To date, the Chair has invited the following organisations to send an observer to its Board meetings: DWP, FSA, Groupe Consultatif Actuariel Européen, tPR, HMT, The Actuarial Profession.

Chairman
Jim Sutcliffe		Jim Sutcliffe has operated at a senior level in the insurance, banking and asset management industries for many years, which included being Chief Executive of Prudential's UK business, and Group Chief Executive of Old Mutual plc. He is a Director of Lonmin plc and Sun Life of Canada. Jim grew up in South Africa and qualified as an actuary in 1979.

Director, Actuarial Standards
Louise Pryor		Louise Pryor qualified as a Fellow of the Institute of Actuaries in 1987. She has been involved in financial modelling and risk management for over 25 years, as a university lecturer, a software developer and consultant, and a consulting actuary in both life and general insurance. She has contributed to and chaired Actuarial Profession working parties on many topics, including operational risk, professionalism, and software use. She is an Associate Fellow of Newnham College, Cambridge.

Members
David Blackwood		David Blackwood is a maths graduate and qualified as a Chartered Accountant in 1984. He was extensively involved in pensions and the associated actuarial issues during his 5 years as Group Treasurer of ICI until end 2006, and also previously when he was Group Financial Controller. He is also a member of the Advisory Panel assisting the ASB with its review of FRS17. In October 2007 he was appointed Finance Director of Yule Catto.
Lawrence Churchill CBE		Lawrence Churchill is the Chairman of the Pension Protection Fund and is the Senior Independent Director at The Children's Mutual and Monkton Group; he also chairs the Audit Committee at Huntswood. His extensive executive career in the insurance sector included CEO of Zurich Financial Services, Executive Chairman of UNUM Ltd and Chief Executive of NatWest Life. He has served in a non-executive capacity on the boards of the Personal Investment Authority, the Association of British Insurers, the Employers' Forum on Disability, the Financial Ombudsman Service and been a Trustee of the Royal Society of Arts.
Harold Clarke		Harold Clarke qualified as a Fellow of the Institute of Actuaries in 1975. He is a Director in the European Actuarial Services practice of Ernst & Young with particular responsibility for non-life business in Continental Europe. He is also a Non-executive Director of the Medical Defence Union. He has worked as a consultant in non-life insurance since 1986 specialising in reserving, mergers and acquisitions and capital management for insurance companies. He was previously an actuarial partner in Deloitte.
Christopher Daws		Christopher Daws is a mathematics graduate and qualified as a Chartered Accountant in 1972. He was financial and deputy secretary of the Church Commissioners from 1994 to 2006. The Commissioners have a unique mix of pension obligations and responsibilities for providing financial support to the Church of England. They have pioneered the application of actuarial methods to such obligations. His earlier career included senior financial positions at Cadbury Schweppes plc and Dowty Group plc. He is a trustee of Action for Children and chairman of the Action for Children pension fund. He is the independent member of the audit committee of the Charity Commission.
Steven Haberman		Steven Haberman qualified as a Fellow of the Institute of Actuaries in 1975. He is Professor of Actuarial Science and Deputy Dean at Cass Business School, City University. He has worked at Prudential Assurance and for the Government Actuary's Department, and served two terms as a Member of Council of the Institute. He was a member of the External Advisory Panel to the Morris Review. He has written over 135 papers on a wide range of topics, but most particularly on mortality and morbidity models, annuities and pensions.
David Hare		David Hare qualified as a Fellow of the Faculty of Actuaries in 1988. He has worked in life insurance since 1986 in a variety of actuarial, with profits and financial management roles and is currently the Actuarial Function Holder for Standard Life plc's UK-regulated insurance companies. He has been a member of, or chaired, a number of Actuarial Profession working parties, and held a variety of leadership positions within the UK Profession, the latest ones being, until recently, chair of the Life Practice Executive Committee and a Vice-President of the Faculty.
Dianne Hayter		Dianne Hayter has a PhD in history. She is Chair of the Property Standards Board and of the Consumer Panel of the Legal Services Board, and a member of the Insolvency Practices Council, the Determinations Panel of the Pensions Regulator, and of the Labour Party's National Executive Committee. She was on the Board of the National Consumer Council; Vice Chair of the Financial Services Consumer Panel; Chief Executive of the Pelican Cancer Centre, the European Parliamentary Labour Party, Alcohol Concern and the Fabian Society; Director of Corporate Affairs at the Wellcome Trust. She was a JP, and a member of the Royal Commission on Criminal Procedure.
Julian Lowe		Julian Lowe qualified as a Fellow of the Institute of Actuaries in 1989. He is now an independent general insurance consultant having previously been the Aviva General Insurance Actuarial Director. He is a former Council member of the Institute of Actuaries and was Chairman of the Actuarial Professions GI Board. He has written or co-authored papers on a wide range of topics including measuring reserve variability, Insurance Futures, Neural Networks, Model Offices and Game Theory. He has chaired a number of Actuarial Profession working parties including 'The Cost of Compensation Culture' (2002), 'UK Asbestos: the definitive guide' (2004) and 'UK flood risks' (2008).
Dr Oonagh McDonald CBE		Dr McDonald is currently Complaints Commissioner for the London Metal Exchange, ICE Futures and ICE Clearing and is an international consultant in financial regulation. She has been a director of the Financial Services Authority (and its predecessor the Securities and Investments Board), the Investors Compensation Scheme, the Financial Ombudsman Service and the General Insurance Standards Council. She was a director of Scottish Provident until it was demutualised and sold to Abbey National in 2001; and then of Skandia Insurance Company Ltd, followed by British Portfolio Trust. Prior to working in the field of financial regulation, she was Member of Parliament for Thurrock, Essex until 1987, and was Treasury and Civil Service spokesman. She has a PhD in philosophy and was a lecturer in philosophy at Bristol University. She is also the author of several books and monographs, including The Future of Retail Banking in Europe: A View from the Top, 2002. She was awarded the CBE in 1998 for services to financial regulation and business.
Mukesh Mittal		Mukesh Mittal has a first class degree in Mathematics from Imperial College and is a Fellow of the Institute of Actuaries. His most recent role was Director of Strategy and Business Development of Old Mutual plc's Asia Pacific business. Prior to that he was Group Chief Actuary of Old Mutual plc, Deputy Group Chief Actuary of Allianz SE and a Director at PricewaterhouseCoopers.
Jerome Nollet		Jerome Nollet gained an MSc in economics at Paris-Nanterre University in 1982, and then an MBA in Finance from the Wharton School of Business. His executive career included seven years insurance experience at AIG in both the US and Europe, six years at Morgan Stanley in the securities division, two years at Chase-JP Morgan in M&A and two years at Swiss Re. He is now a consultant offering specialist risk advice to insurers.
Sir Derek Wanless		After taking a first class maths degree at Cambridge in 1967, Sir Derek joined NatWest, where he rose to be Group CEO, retiring in 1999. He is now Chairman of Northumbrian Water Group plc. He is Chairman of the Longevity Science Advisory Panel established by Legal & General Group plc. He led reviews of long term trends in the NHS and of public health for the Chancellor of the Exchequer, publishing reports in 2002 and 2004. In 2006, he completed a report on social care for older people for the King's Fund and in 2007 he produced, for the King's Fund, a report reviewing health services since 2002. He was knighted for public service in 2005.
Martin Weale		Martin Weale gained a first class degree in economics from Cambridge in 1977. Since 1995 he has been Director of the National Institute of Economic and Social Research. His economic research takes a strong interest in the problems of uncertainty, particularly those surrounding demographic forecasts. He has also worked on pension issues and related questions of means testing. A past member of the Treasury's Panel of Independent Forecasters, he was appointed CBE in 1999 and a Statistics Commissioner in 2000. He was elected an Honorary Fellow of the Institute of Actuaries in 2001, and is an Honorary Treasurer of the Alzheimer's Research Trust.

Observers
Jon-Paul Brett		Private Pensions Policy, Department for Work and Pensions
Seamus Creedon		Groupe Consultatif Actuariel Europeen
Caroline Instance		Chief Executive, The Actuarial Profession
Will Price		Head of Europe, Defined Benefit and Research - The Pensions Regulator
Paul Sharma		Director of Wholesale Prudential Policy, Financial Services Authority
James Templeton		Head of Institutional Investment, H M Treasury