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Resolution hires Tim Wade as non-exec

Resolution has appointed Tim Wade as an independent non-executive director.

Wade is a non-executive director of Macquarie Bank International where he chairs the audit committee and Access Bank UK where he chairs the credit committee.

He is also the chief executive of Finance Pronto Limited and a Governor of The Coeliac Society.

Wade was formerly managing director of AMP Limited. Resolution says, between 1997 and 2000, he was chief financial officer of Colonial Limited where he was closely involved in the rationalisation of the life insurance industry in Australia.

Wade is qualified as a lawyer and an accountant.

Prompted by the appointment, Resolution is reviewing the composition of its committees in a bid to fully utilised the expertise of board members. Wade will chair the audit and risk committee. The changes to the membership of the committees will take effect from 19 May.

Resolution chairman Mike Biggs says: “We are delighted that Tim is joining the board. His appointment completes the strengthening of the board anticipated at the time of the acquisition of Friends Provident and his financial experience will complement
the experience of the existing members of the board.”

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