Changes at the top continue at non-life legacy and run-off investor and capacity provider to program business Randall & Quilter Investment Holdings Ltd. (R&Q), with one of its Joint CEO’s resigning and set to depart immediately.
The company said this morning that Roger Sellek has resigned from his position at R&Q as an Executive Director and one of the firms Joint Chief Executive Officer’s, effective immediately.
Sellek joined R&Q in 2019 from his previous role with rating agency A.M. Best, taking on the Joint CEO position alongside one of the founders of the company Alan Quilter.
At the time, that was seen as part of R&Q’s succession planning. But plans change and now Sellek has departed the firm.
Ken Randall, Group Executive Chairman, commented, “On behalf of the Board we thank Roger for his contribution to R&Q and wish him every success in his future endeavours.”
R&Q continues to lay out an executive team for the future, with changes being made to ensure the legacy of its founders is taken forwards after their departure.
Just this week, R&Q announced that private equity luminary William Spiegel, one of the co-founders and a managing partner of Pine Brook, would be joining the firm as Executive Director and Deputy Group Chairman.
Spiegel’s appointment at R&Q is on the understanding that he will assume the position of Executive Group Chairman when one of the firm’s co-founder, Ken Randall the current Chairman, steps down from his position in roughly 12 months time.
Succession planning is key and in Spiegel R&Q has a well-known operator in the investment and private equity world, which should stand the company in good stead should it look to grow, raise capital and become a larger player in the legacy investment and program business spaces of the market.