Both have significant expertise in their chosen field with Tim bringing years of experience as a chief financial officer across several financial services brands and Kal bringing a proven track record in scaling tech-enabled consumer brands and businesses.
Tim Tookey has over 30 years of experience in finance, most recently as chief financial officer at Quilter from 2017 until 2019. During his time there he led and supported the IPO from parent Old Mutual plc securing dual listings for Quilter on the London and Johannesburg Stock Exchanges in June 2018.
Prior to this, he was chief financial officer at Friends Life Group between 2012 -2015. He was also group finance director at Lloyds Banking Group between 2008 and 2012 where he led the £22.5 billion capital raising and played a key role in relevant negotiations with HM Treasury and the European Commission in 2009. He served as the Lloyds’ interim group chief executive in 2011.
Tim has had a varied non-executive director career. He has been a non-executive director at Nationwide Building Society since 2015 where he is also chair of the Board Risk Committee and a member of both the Audit Committee and the IT Resilience Committee. He was previously non-executive chairman at Alliance Trust Savings.
Kal Atwal has huge experience of the general insurance sector as a result of spending 16 years at BGL Group. As a member of the Group Executive Committee Kal held several roles, including founding managing director of comparethemarket.com, transforming it from loss-making start-up to a highly profitable business with 35% market share. Notable successes during this time include the launch of the well-known Meerkat campaign and Toy Rewards.
Following this she became BGL’s group director responsible for brand-led businesses, group strategy and corporate communications. Her tenure included the establishment of the Beagle Street brand, the first online-only life insurer in the UK, as well as oversight of the French and Dutch price comparison sites, Les Furets and Hoy Hoy.
Alongside her senior level executive career Kal is chair of Simply Cook, a tech-enabled meal kit subscription service and non-executive director of Admiral Financial Services, a subsidiary of Admiral Group Plc.
Commenting on the appointments Kevin Parry, chairman of Royal London, said:
“We are delighted to welcome Kal and Tim to the board. Tim has enormous experience in driving change across a wide range of financial services brands while Kal has a real understanding of how technology can help businesses emerge as leaders after disrupting their industries for the better. We look forward to working with them both.”
Tim Tookey said:
“During my career I have worked across life, pensions, insurance, banking and asset management and have helped bring companies through times of great challenge and change. I am looking forward to joining Royal London.”
Kal Atwal added:
“The most forward looking businesses are those ready to harness technology to deliver better propositions and services for their customers. I am excited to be joining Royal London and using my experience to help drive this forward.”