Martin Clarke, who took over as chair of the UK Sustainable Investment and Finance Association (UKSIF) in 2010, is set to become the next government actuary.
Clarke will take up the post later this year for a five-year fixed tem. An actuary is a person who compiles and analyses statistics and uses the figures to calculate insurance risks and premiums. The government’s actuary department provides actuarial consulting services for the public sector.
Clarke serves UKSIF in a personal capacity and is also the Pension Protection Fund’s (PPF) executive director of financial risk. Over the last three years, he has spearheaded the PPF’s investment strategy and help its assets grow.
President of the Institute and Faculty of Actuaries (IFoA) David Hare commented, “Martin will being a breadth of experience to the position. He has worked extensively in insurance, investment, pensions and risk.
“He played a significant role in the success of the PPF as director of financial risk, and as chairman for the last four years of UKSIF he has helped lead the way in raising the profile of this important area.”
The organisation added that managing future risks would be a crucially important attribute for the role.