The Institute and Faculty of Actuaries (IFoA) experienced the annual changing of the guard as Marjorie Ngwenya took over the role of President from Colin Wilson at the AGM on 28 June.
Marjorie is based in South Africa and becomes the first President to live and work outside the UK.
For the past year, she has held the position of President-elect and has been an active volunteer for the IFoA since qualifying as a Fellow in 2006.
Marjorie Ngwenya said:
The world we live in is changing fast and I am honoured to be leading the Institute and Faculty of Actuaries at such an exciting and challenging time. Around half of our members are based abroad and the overseas contingent continues to grow. It’s great to see this organisation pushing boundaries on a global scale. Our profession is increasingly diverse which makes my role as the first President based outside the UK all the more relevant.
“Actuaries face the challenge of changing their focus to one that is less concerned with analysis of data, but more focused on the insights to be gained from that data. Our skills give us a natural edge – an ability to understand and interpret the interactions of complex changes. So the value and insight that actuaries can bring is needed now more than ever before. During my tenure, I will continue to advance the profession – promoting the relevance of actuarial skills and our ability to adapt and innovate.
Colin Wilson, now Immediate Past President, said:
I’m delighted to be handing the Presidential baton to Marjorie. She has taken an active role at the IFoA for some years and has consistently shown a clear commitment to supporting the organisation in its drive to educate and promote actuaries. She also brings a thoughtful and enthusiastic approach to her IFoA work
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