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Catch up with the latest press releases from LV=

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LV= appoints James Dean as Non-Executive Director

Press release: 06/08/2012

Insurance, investment and retirement group LV= has appointed James Dean as Audit Committee Chairman. This is a Non-Executive Director position on the LV= Board. James has 30 years experience in audit and advisory roles in the financial services sector, most recently at Ernst and Young where he was a senior partner.

In his role, James will create and manage effective working relationships among the Audit Committee, LV= senior management and the company's external and internal auditors. He will work closely with Mike Rogers, Group Chief Executive Officer and Philip Moore, Group Finance Director ensuring the correct financial controls and procedures are operating within the company.

James worked in a variety of roles at Ernst and Young over a 14 year period including Managing Partner for the UK Financial Services Audit Practice, a position he held for four years. His portfolio of clients included AXA, Prudential, the Association of British Insurers, Santander, RSA, Aviva and Investec. He also served as the Global IFRS Leader for the Insurance Sector. In addition to his roles at Ernst and Young, he also served on boards outside the firm, including the chairmanship of the ICAEW Insurance Committee. He has strong connections with the International Accounting Standards Board and is recognised globally as an expert in insurance accounting.

Commenting on the appointment, LV= Chairman, Dennis Holt said: "We are delighted James is joining LV= as Audit Committee Chairman. We wanted someone with significant recent and relevant financial experience and an insurance background to take on the role. I look forward to working closely with James to ensure we have the right financial structure in place to allow LV= to continue to grow and deliver value to its customers and members."

James Dean added: "I am excited about taking up this non-executive position at LV=. I believe my audit experience in the Sector combined with my risk, regulation and accounting expertise will help me add value to the boardroom discussions. I look forward to helping the company continue its recent success."

About LV=

LV= employs over 5000 people and serves around five million customers with a range of financial products. We are the UK’s largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trades unions.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.