Aon has announced that Marshall Bailey OBE, CFA, will replace Simon Jeffreys as non-executive chair of the Aon UK Limited Board, effective 31 January 2023.
Jeffreys, who joined the Board in May 2009, tenure in office ends in January, following a seven-year-long spell as chair.
Julie Page, CEO of Aon UK, commented, “I would like to thank Simon for the considerable contribution he has made to the Board and to our firm in the last 13 years. On behalf of the Board and the Executive, I would like to express our huge appreciation for Simon’s commitment, insight, positive influence and counsel.
“In his time as chair, he has overseen comprehensive enhancements to our governance, ensured the smooth running of the Board and strengthened key stakeholder relationships. Simon’s support as chair has been enormously valuable to me personally and I wish him all the best as he continues his impressive non-executive career.”
Meanwhile, Bailey, the newly appointed chair, currently holds a number of non-executive roles, including chair of the Financial Services Compensation Scheme, chair of MUFG Securities EMEA and chair of MUS (Asia) Hong Kong.
He is also a member of the Board of Governors of the CFA Institute.
Additionally, he has held other non-executive positions within financial services and insurance, including at the London Stock Exchange Group, Chubb and CIBC World Markets plc.
Page added, “Marshall Bailey brings a wealth of experience and knowledge which will greatly benefit the Board, Aon and our clients.
“I am very much looking forward to working closely with him over the coming months and years as we continue to help shape better decisions for organisations.”