Rail: Is it finally ‘on the up’?

 

The Independent Transport Commission released a study earlier in the month on the growth in demand for rail travel. Its findings may have come as a surprise given the press over recent years about declining passenger numbers and customer dissatisfaction.

In the main, it put this increase down to changes in working and living patterns since the 1990s, and private sector involvement.

With more of the population now using trains to travel due to ‘major economic and spatial changes’, there has been a 58% increase in the number of passengers travelling by train to work. The report found that shifts in housing/living locations and the jobs’ market fuelled an increase in commuter usage. Increases were also due to a 15% rise in population and the number of rail journeys doubling since the 1990s.

Changes in the job market also played a part. As more people work in offices than ever before, these are the type of person who tends to commute by train.  As the largest increases in job growth during the period surveyed were in the South East, this region also saw the biggest increase in commuter rail travel.

With Brexit fast approaching however, many believe that Teresa May’s developing industrial strategy, coupled with a chronic housing shortage, means transport, economic, and planning policy, is more joined up.

Norman Broadbent Group is increasingly supporting clients make high-impact Interim and Permanent executive hires across International Bid Strategy, Supply Chain & Procurement, Technology, and Organisational Design. If you would like to learn more about expertise in this space, or discuss a specific assignment, please do not hesitate to contact Nick Behan for an initial, confidential discussion at nick.behan@normanbroadbentinterim.com

 

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Finance People Moves: November 2018

The following appointments have all taken place during the last few months, covering the full breadth of the wider Finance marketplace.

If you would like to discuss the Finance  marketplace or how Norman Broadbent can help your business, please contact Jonathan Stringer on jonathan.stringer@normanbroadbentinterim.com or +44 (0) 020 7484 0036 or Wayne Poulton on wayne.poulton@normanbroadbentsolutions.com or +44 (0) 20 7355 6941

  • It has been announced that Simon Beswick will join Synectics as FD
  • It has been announced that Laura Carr will join as CFO at Dunelm Group PLC
  • Sten Daugaard will become Interim Group CFO at Thomas Cook Group PLC
  • It has been announced that Ed Hannan will join as Group CFO at Coversure Insurance Services
  • It has been announced that Armand Lumens will join as CFO at Neptune Energy Group LTD
  • It has been announced that Andy Paull will join as CFO/Company Secretary at Premier Veterinary Group PLC
  • It has been announced that Ewen Stevenson will join as GFD Designate at HSBC Holdings PLC
  • Matthias R Aellig will become CFO and Member of the Corporate Executive Board at Swiss Life Holding AG
  • It has been announced that Simon Christopher Barrett will join Hamilton Underwriting LTD as CFO
  • It has been announced that Justin K Bigham will join Five Star Bank as CFO
  • It has been announced that Siobhan Geraldine Boylan will join Legal & General Investment Management LTD as CFO
  • It has been announced that Louisa Burdett will join MEGGITT PLC as CFO
  • It has been announced that Patrick Butcher will join Capita PLC as CFO
  •  It has been announced that Chris Kennedy will join ITV as CFO
  • It has been announced that Tim Livett will join Caledonia Investments PLC as CFO
  • It has been announced that Philip Wainwright will join this Wates Group LTD as CFO
  • It has been announced that Simon Fuller will join Reach PLC as CFO
  • It has been announced that Iain Mackay will join Glaxosmithkline as CFO
  • It has been announced that Laura Carr will join Dunelm Group PLC as CFO
  • It has been announced that Pat Sinclair will join Nektan PLC as CFO
  • It has been announced that Andy Skelton will join Drax Group PLC as CFO
  • It has been announced that Karen Witts will join Compass Group as CFO
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Insurance Risk People Moves: November 2018

The following appointments have all taken place during the last few months, covering the full breadth of the wider insurance and risk marketplace.

If you would like to discuss the insurance market or how we can help your business please contact either Mike Davies, head of Interim Insurance practice on mike.davies@normanbroadbentinterim.com or David Cooper head of Insurance Search Practice on david.cooper@normanbroadbent.com

  • Polaris has hired Gallagher’s ex-chief digital officer Vivek Banga as its managing director.
  •  Beazley chief underwriting officer, Neil Maidment, will take up a position on the Lloyd’s board after he retires from Beazley next month.
  •  Zurich has appointed two heads of broking as the company moves to strengthen its relationship with regional brokers. The insurer appointed Michelle Taylor as head of the broker market for the South East and Matt Perkin in the same role to lead the Midlands, Southwest and Wales geographies.
  •  Axa has appointed Amelie Breitburd as its chief financial officer for the UK and Ireland.
  •  Former Brightside CEO, Mark Cliff has been appointed as non-executive director of Evolution Claims Management.
  •  Asta has appointed Paul Jardine, former UK CEO of XL Catlin, as independent non-executive chairman
  •  Covéa Insurance’s commercial lines and high net worth director, Simon Cooter will step down next year.
  •  LV has appointed Barry Smith as senior independent director, subject to regulatory approval
  •  Gilles Normand has stepped down from the CEO job at Swinton following its acquisition by Ardonagh
  •  Mark Neale CEO of the Financial Services Compensation Scheme, will step down from his role.
  •  Aon makes senior appointment to Asia reinsurance business – Richard Jones joins from Guy Carpenter
  •  IGI appoints chief technology officer – Nasser Zagha joins from the Bank of Jordan to take up the newly created role
  •  Canopius swoops on Markel for head of claims – Gabrielle Folliard will join in early 2019
  •  AIG appoints Peter Bilsby to lead global specialty business – Executive will remain chief executive of Talbot until successor is found
  •  Ex-Axa chief joins ethical investment firm – Henri de Castries will join the global leadership council of LeapFrog Investments
  •  Axa XL appoints London market wholesale CUO – Dan Curran takes over from Paul Greensmith
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#CyberRisk Are you covered?

How do leaders and business managers anticipate and contain the diverse, often unknown, emerging cyber risks in the Insurance sector?  Unsurprisingly, cybersecurity is a constant issue, often sitting at the top of many Board agendas. Many recent high profile incidents of hacking and cyber intrusion have brought home the harsh reality of what happens if a business does not get it quite right. With the move toward more diverse and complex infrastructures, progressive forward-thinking Risk Managers are ensuring that all areas are covered and brought into a coherent, commercially viable, risk strategy.

So who are pivotal figures in this process, and what is the responsibility of senior management? In the FCA Business Plan 2017/18, Chairman John Griffith-Jones warned that cyber-resilience was a key risk area for the financial services industry. Broadly speaking, this warning was aimed at Board and ExCo, but more specifically the CEO, CFO, CIO, CTO, CISO, and GC, along with the Board Risk and Audit Committees. Progressive key players are not only promoting a strong CRO mandate, but also increasingly asking the ‘right questions’ ensuring they do not fall foul of their SIMR commitments.

With the above in mind, whilst there is no perfect solution to combat cybercrime and fraud, here are some key questions you should be asking:

  • What is our organisational risk appetite?
  • Is resilience built into our Target Operating Model?
  • Are we adhering to existing frameworks or regulatory advice?
  • Has each part of our business conducted a thorough Threat Analysis?
  • Is adequate Penetration Testing being carried out regularly?
  • Are regular business and IT audits being carried out?

Risk Managers cannot possibly deliver all of this personally, nor can their teams.  However, they must ensure the business signs up to a plan.

About Norman Broadbent Interim Management

Our Interim Management network is composed of seasoned, delivery focussed executives. Many will have come from Big 4 or Strategy Consulting firms, as well as from senior roles in Financial Services. Whether they are focused on risk as a function, or around Programme Delivery, they support clients with timely expertise and, most importantly, assist in transforming organisations.

Some of the areas we have supported clients in include:

  • Establishing Risk Appetite and delivering the three lines of defence model
  • Provide Board-level credibility to secure funding for new initiatives
  • Successfully deliver cyber programmes across Business and IT
  • Emergency deployment and Disaster Recovery

If you would like to discuss this topic further or how Norman Broadbent Interim Management can help your business, please contact Mike Davies on mike.davies@normanbroadbentinterim.com or +44 (0) 20 7484 0067 for an initial and confidential discussion.

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