Scottish Friendly appoints Scott McNeill as Chief Financial Officer
Scottish Friendly, one of the UK’s leading financial mutuals has appointed Scott McNeill as its new Chief Financial Officer (CFO), subject to regulatory approval.
Scott, who is currently Chief Actuary at Scottish Friendly, will succeed Alan Rankine, who has decided to step down from his role as CFO to pursue a new opportunity outside the organisation.
As part of Scottish Friendly's established succession planning, Scott will assume responsibility for the finance function and will take up the position of an Executive Director of the Board. In addition, Scott will become CFO of the future merged organisation between Scottish Friendly and OneFamily, subject to receiving the necessary approvals.
Scott brings significant financial, actuarial and industry expertise to the role and has played a key part in supporting Scottish Friendly's strategic priorities, financial resilience and long-term growth ambitions. His appointment reflects the depth of talent within the organisation and provides continuity as Scottish Friendly continues to focus on delivering value for members.
Alan joined Scottish Friendly in 2018 as Chief Actuary before becoming Chief Financial Officer in 2022. During his time with the Society, he has made a significant contribution to the organisation, helping to strengthen its financial position while supporting key strategic initiatives.
Alan will remain with Scottish Friendly until early next year to support the proposed merger of Scottish Friendly and OneFamily and to ensure a smooth and orderly handover.
Stephen McGee, Chief Executive of Scottish Friendly, said: "Scott's appointment is a reflection of the strength of talent and succession planning within Scottish Friendly. He combines deep knowledge of our business with extensive actuarial and financial expertise, making him exceptionally well placed to lead our finance function. With a strong leadership team, robust governance and a clear focus on delivering long-term value for members, we remain well positioned for the future and excited about the opportunities ahead."
Alan has made a significant contribution to Scottish Friendly over the past eight years and has played an important role in helping to shape the strong position we're in today. I'd like to thank him for his dedication, leadership and commitment to our members, colleagues and the Society, and wish him every success in the future."
Commenting on his appointment to Chief Financial Officer, Scott McNeill, said: “I am delighted to have been given the opportunity of becoming CFO at such an important period in Scottish Friendly’s history.
“I would like to thank Alan for his support over the years and wish him every success as he enters a new and exciting time in his career. I look forward to continuing to work closely with himself and the rest of the executive team over the coming months as we move closer to the proposed merger.”
ENDS
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Notes to editor:
About Scottish Friendly
Scottish Friendly is a leading UK mutual life and investments organisation. It provides its members and their families with a wide range of investment and protection solutions and provides life and investment products and services to other financial organisations.
Scottish Friendly has roots stretching back to 1862. Established as the City of Glasgow Friendly Society, its name changed in October 1992 when it took over Scottish Friendly Assurance.
www.scottishfriendly.co.uk
Scottish Friendly, Galbraith House, 16 Blythswood Square, Glasgow, G2 4HJ
Scottish Friendly Assurance Society Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority.
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