Zimbabwean actuary, Marjorie Ngwenya (42), has been appointed a member of the Bank of England’s Prudential Regulation Committee, which supervises banks and investment firms.
She is a former president of the UK Institute and Faculty of Actuaries. Speaking after her appointment, Ngwenya said:
I am delighted to be appointed as an external member of the Prudential Regulation Committee as it considers a number of important issues, including the Future Regulatory Framework Review and Solvency II reforms. I look forward to contributing my international financial services experience in support of the work of the Committee.
Ngwenya also holds a Master of Science degree in leadership and strategy from the London Business School.
She is the first non-British-based person to be appointed president-elect of the UK’s Institute and Faculty of Actuaries (IFoA).
She has served in various positions in companies such as Old Mutual, Liberty Group South Africa and the Deloitte United Kingdom.
She completed her Advanced Levels in Harare at Chisipite Senior School, and moved to the United Kingdom to begin a BSc Actuarial Science degree at The London School of Economics but had to leave her studies during her first year due to currency problems in Zimbabwe, believing she would return to complete them.