South-Africa based Marjorie Ngwenya succeeded Colin Wilson earlier this week as the next annual president of the Institute and Faculty of Actuaries (IFoA).
For the past year Ngwenya has been IFoA President-elect, after having volunteered for the institute since she became a fellow in 2006.
Ngwenya, whose tenure marks the first time the institute’s president has lived and worked outside the UK, said; “The world we live in is changing fast and I am honoured to be leading the Institute and Faculty of Actuaries at such an exciting and challenging time.
“Around half of our members are based abroad and the overseas contingent continues to grow. It’s great to see this organisation pushing boundaries on a global scale.
“Our profession is increasingly diverse which makes my role as the first President based outside the UK all the more relevant.”
Wilson commended her successor; “I’m delighted to be handing the Presidential baton to Marjorie. She has taken an active role at the IFoA for some years and has consistently shown a clear commitment to supporting the organisation in its drive to educate and promote actuaries. She also brings a thoughtful and enthusiastic approach to her IFoA work.”
Ngwenya commented that actuaries face the current challenge of shifting their focus from analysis of data to data-gained insights.
She said; “Our skills give us a natural edge – an ability to understand and interpret the interactions of complex changes. So the value and insight that actuaries can bring is needed now more than ever before.
“During my tenure, I will continue to advance the profession – promoting the relevance of actuarial skills and our ability to adapt and innovate.”
The IFoA was launched in 2010 and is the UK’s only chartered professional body dedicated to developing and regulating actuaries in the UK and across the globe.