Boards and committees

Management Board

Under delegated authority, in accordance with the scheme of delegations, powers and principles and with the strategy set by Council, Management Board has oversight responsibility for the operation and management of the Institute and Faculty of Actuaries and, in addition, to hold the Executive to account for their operational activities.  Management Board meets monthly and reports regularly to Council on its activities and progress.   Terms of reference.

Members of the Management Board are either members by virtue of their office or appointed by Council:

  • Alan Whalley - Chairman
  • Derek Cribb - Chief Executive
  • David Hare - President
  • Ben Kemp - General Counsel
  • Memoria Lewis - Membership Director
  • Martin Potter - Leader of the Scottish Board
  • Alan Rubenstein - Council member
  • Nick Salter - President-elect
  • Simon Sheaf - Council member
  • Trevor Watkins - Director of Education
  • Secretary: Marion Young

Audit and Risk Committee 

The main role of the Audit and Risk Committee is to ensure that the Institute and Faculty of Actuaries adopts a sound approach to financial management and that key risks are being identified and addressed. The committee has an oversight role rather than direct responsibility for financial and governance matters. The committee gives its views to management on the financial statements, external and internal audits, risk management and internal controls, as well as other ad hoc issues.  

Members of the committee are appointed by Council:

  • Iraj Amiri (lay chairman)
  • Marjorie Ngwenya - Council member
  • Irene Robinson (lay member)
  • One Council member vacancy
  • Secretary: Marion Young

 Scottish Board

The Scottish Board has the responsibility of maintaining and continuing to stimulate a robust and vibrant actuarial community in Scotland.  The 10 members of the Council representing the Scottish constituency form the Scottish Board, which reports to Management Board:

 Regulation Board

The Regulation Board is responsible for all matters relating to professional affairs and is responsible for developing and monitoring a strategy for activities in that area.

Education Board

The Education Board aims to maintain high standards of knowledge and competence in the Institute and Faculty of Actuaries.

International Board

  • Nick Dumbreck (chairman)
  • Nigel Masters (deputy chairman)
  • secretary: Daniel DeBurca

CMI Executive Committee

  • Tim Gordon (chairman)
  • Dave Grimshaw (CMI secretary)
  • secretary: Marion Young

Public Affairs and Consultations Committee (PACC)

The purpose of the PACC is to advance the achievement of the public affairs element of the strategy of the Institute and Faculty of Actuaries

  • Derek Cribb (chairman)

Other PACC members are the President, President-elect, Immediate Past President, Chairman of Professional Regulation Executive Committee, Martin Potter and Kate Angell.

Practice Boards

  • Finance and Investment Board
  • General Insurance Board
  • Health and Care Board
  • Life Board
  • Pensions Board
  • Risk Management Board

Finance and Investment Board

  • Chris Watts (chairman)
  • Stuart Jarvis (deputy chairman)

General Insurance Board

  • Colm D'Auria (chairman)

Health and Care Board

  • Jules Constantinou (chairman)
  • Bill Baker (deputy chairman)

Life Board

  • Alastair Clarkson (chairman)
  • James Crispin (deputy chairman)

Pensions Board

  • Jim Boyle (chairman)
  • Martin Lowes (deputy chairman)

Risk Management Board

  • Andrew Hitchcox (chairman)