Bruce Carnegie-Brown appointed Chair of Rothesay
Bruce Carnegie-Brown has been appointed an independent Non-Executive Director and Chair Designate of Rothesay from 1st May 2025. He will succeed Naguib Kheraj as Rothesay’s Chair from 1st July 2025, with Kheraj stepping down from the Board on 30th June 2025 following almost 11 years of service, including the last seven years as Chair.
Naguib Kheraj, Chair of Rothesay, said: “Being involved with the development and growth of Rothesay has been one of the most satisfying and enjoyable professional experiences in my career. This is a first-class business led by an outstanding management team which has established a leading position in a sector which provides a valuable service to pension fund trustees, scheme sponsors and policyholders. The business is well-positioned to continue delivering long-term value to its two supportive shareholders who have provided stable capital and very insightful contributions to the Board.”
Bruce Carnegie-Brown, Chair Designate of Rothesay, said: “I am delighted to join the Board of Rothesay. As the UK’s largest pensions insurance specialist, Rothesay plays a vital role securing the future for its policyholders and is well-positioned to take advantage of the growth opportunities ahead. It is exciting to support such a high-quality management team and fellow Board members, whose industry-leading approach to all aspects of its business underpins a culture of excellence.”
Tom Pearce, Chief Executive Officer, Rothesay, said: “Bruce joins Rothesay at a time of strong momentum within our business as we capitalise on the very positive opportunities we are seeing in the pension risk transfer market. He brings tremendous and highly relevant experience from both his executive and non-executive careers, and I look forward to working with him as we deliver our long-term commercial strategy founded on a very strong capital position and a culture of excellence.
I would like to express my huge thanks to Naguib for the very significant contribution he has made to Rothesay. With his deep financial and business expertise, he has provided valuable counsel to the Executive Team over his nearly 11 years’ service on the Board. He has carefully and calmly chaired the outstanding growth of our business and truly embodies our values of collaboration, leadership, hard-work and a dedication to excellence in everything we do.”