02 October 2020

Mark Rennison joins Royal London Board as non-executive director

4 min read

Mona Patel, Group Head of External Communications
Mona Patel

Group Head of External Communications

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Royal London today announces the appointment of Mark Rennison as non-executive director.  He will also be a member of the Risk and Capital Committee, the Audit Committee and the Nominations and Governance Committee.

Mr Rennison brings significant financial services knowledge and experience gained from his time at Nationwide Building Society (Nationwide) and PwC UK (PwC). His deep understanding of mutuality will reinforce our commitment to delivering value that singularly benefits our policyholders, an attribute that uniquely differentiates mutual insurers.

As Chief Financial Officer and a member of the board of Nationwide, Mr Rennison was a key figure in leading that business through the financial crisis.  Prior to joining Nationwide, he worked at PwC for 25 years, specialising in financial services. 

Commenting on the appointment Kevin Parry, chairman of Royal London, said:

“I am delighted to welcome Mark to the board. With his wide-ranging financial services experience and commitment to mutuality Mark understands the importance of putting customers at the heart of our business.”

Mark Rennison said:

“I am delighted to be joining the UK’s largest mutual insurer.  I am firmly committed to the mutual sector as a force for good and look forward to working with colleagues on the development of Royal London in the years ahead.”

-ENDS -

Notes to Editors

Mark Rennison was Chief Financial Officer at Nationwide Building Society from 2007 to 2019 and prior to that worked at PwC for over 25 years, including 12 years as a partner in their banking practice. He has significant experience of working both with and for large financial services organisations. He is a former member of the PRA’s Practitioner Panel and a former Chair of the UK Finance Risk & Policy Committee.  Mark is also a non-executive director at Homes England and TSB Bank plc. 

For further information please contact:

Mona Patel, Group Head of External Communications

About Royal London:

Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.