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New man

26 January 2004 Angelo Coppola

Old Mutual plc has appointed Michael Marks as a non-executive director, effective 1 February.

Michael Marks, CBE (62) is one of the founding partners of New Smith Capital Partners LLP. Until February 2003 he had held a number of senior roles with Merrill Lynch, including executive chairman of Merrill Lynch Europe, Middle East and Africa.

Prior to joining Merrill Lynch in 1995, he had been chairman of Smith New Court PLC, having earlier been responsible for the international operations of that company in New York, Hong Kong, Singapore and South Africa.

He is a director of the London Stock Exchange and was formerly chairman of the London Investment Banking Association and Vice-President of the British Bankers' Association. He was awarded a CBE in 1999 for services to Britain's financial services industry.

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QUESTION

The next year or two will continue to be a turbulent one with regards to regulatory change. Do you think…

ANSWER

What we need is less regulation not more
The industry has overwhelmed itself with its own excessive regulation
The industry is bracing itself to deal with the regulatory changes, and brokers and insurers need to stay well informed of the effects of these changes
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FAnews June 2021 Get the latest issue of FAnews

This month's headlines

Broker and insurer collaboration should not be a one-way street
Running on outdated systems… There's risks
Policy wordings with respect to COVID-19
Death or divorce... how best to split assets
Ethical investing… principles and moral codes
Portfolio positioning will serve investors well
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