Nest chair Otto Thoresen has been appointed chair of Aberdeen Life, the unit-linked insurance subsidiary of Aberdeen Asset Management.
Former president of the Institute and Faculty of Actuaries David Hare also joins the Aberdeen Life board as a senior non-executive director.
Thoresen, who was previously ABI director general and Aegon chief executive, and Hare succeed retiring directors Chris Little and Philip Skerrett.
Hare was a member of the independent project board that oversaw the ABI’s audit of the legacy pension schemes identified by the Office of Fair Trading as being at risk of being poor value for money.
Aberdeen Life chief executive Helen Webster says: “Otto and David are very welcome additions to the board given their extensive experience. They will play a key role in continuing to ensure a high standard of independent governance and oversight of our unit-linked funds business.”
Aberdeen Life oversees £1.7bn on behalf of UK pension schemes.