Paul Spencer
Non Executive Director

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Paul joined the Board in December 2007. Paul was Group Finance Director and subsequently UK Chief Executive of Royal and Sun Alliance plc prior to which he was Group Treasurer of Hanson plc and Group Treasurer of Rolls Royce plc. He is currently Chairman of Trustees of British Airways Pensions; Chairman of the Trustees of the BT Pension Scheme; and Chairman of Trustees and of the Investment Committee for Rolls-Royce Plc Pension Fund. Paul is also Chairman of Hermes Fund Managers. He was also formerly chairman of National Savings and Investments and has been the past President of the Association of Corporate Treasurers, the UK body for finance professionals working in treasury, risk and corporate finance.

Paul provides a unique insight into the core customer base of corporate insurance buyers for Mactavish, and was awarded a CBE in the 2010 New Year’s Honours for services to the financial services industry.