He succeeds Andy Haste, who will shortly have completed nine years as Lloyd’s deputy chair
Lloyd’s of London has hired Mark Sedwill, Baron Sedwill of Sherborne, as its senior independent director and deputy chair of Lloyd’s Council.
Sedwill is a British diplomat and senior civil servant who served as cabinet secretary and head of the home civil service to prime ministers Theresa May and Boris Johnson between 2018 and 2020. He also served as the UK national security advisor from 2017 to 2020.
He will succeed Andy Haste, who will complete nine years as Lloyd’s deputy chair and senior independent director on 31 October.
Speaking on this appointment, Bruce Carnegie-Brown, chairman of Lloyd’s, said: “As one of the most respected figures in modern British diplomacy and a former head of the UK Civil Service, Mark brings to Lloyd’s a unique and independent perspective as we deliver against our strategic priorities.
“His leadership on initiatives in the areas of governance, risk management, ESG and business transformation make him an excellent choice for this role.”
Sedwill’s appointment follows Lloyd’s naming its first female as deputy chair last week.
Sedwill’s appointment has been approved by the prime minister following guidance from the Advisory Committee on Business Appointments (ACOBA).
However, it remains subject to the approval of the Prudential Regulation Authority (PRA) and the FCA.
Sedwill said: “Lloyd’s is a world-class, British institution which is vital to the future of the City and UK financial services.
“I am honoured to have been invited to contribute to that future and look forward to joining the team.”
Carnegie-Brown added: “[Haste] has made a huge contribution to Lloyd’s during a time of significant challenge and change for the market. We have benefited enormously from his wisdom and experience and we are very grateful to him.”
Sedwill has been awarded the Most Distinguished Order of Saint Michael and Saint George (KCMG) and is a fellow of the Royal Geographical Society (FRGS).