Marjorie Ngwenya has been appointed as president-elect of the Institute and Faculty of Actuaries (IFoA).
Ngwenya will take up her position in June 2016, when Colin Wilson becomes president and takes over from current president Fiona Morrison. Ngwenya will then become president in June 2017.
Ngwenya was most recently chief risk officer of Old Mutual's African operations based in Johannesburg. She was previously a director at Mazars in London and has extensive experience in consulting and reinsurance. She is also the first IFoA president-elect from outside the UK.
Former president-elect Nick Salter will be leaving the presidential team in June when his three-year period on the team automatically comes to an end.
Slater who is a co-founder of Barnett Waddingham took up his one-year president-elect role in June 2013. He has been an active volunteer within the IFoA for several years in roles ranging from assistant examiner to member support executive committee chairman. He will remain in his post as Barnett Waddingham senior partner.
Morrison said: "I am delighted Marjorie Ngwenya has been elected by council members to serve as president. She brings a wealth of experience to the role from her years working in insurance and risk, and will be a real asset to the presidential team.
"I would also like to acknowledge the great work that Nick has done over the last three years. He has made great strides in bringing the profession forward by championing diversity on all fronts."
Ngwenya said: "It is a real honour to be elected by my fellow council members to the presidential team. The profession is continuing to expand its reach across the globe, and I am proud to be the first IFoA president-elect to be based outside the UK.
"The actuarial profession is continuing to expand into new disciplines and I look forward to contributing to this impressive work to move the profession forward," she added.
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