Lycetts adds ex-HSBC chief of staff as new chair

He is also active in the education, charity, and not-for-profit sectors

Lycetts adds ex-HSBC chief of staff as new chair

Insurance News

By Kenneth Araullo

Lycetts has announced the appointment of Ian Martin (pictured above) as its new chair. In his non-executive capacity, Martin will focus on enhancing corporate governance, managing regulatory risk, and contributing to the strategic planning of the business.

Martin, a resident of Kent, brings a wealth of experience to the role, having held several key positions in the insurance industry. His career includes serving as the CEO of HSBC Insurance UK, Ireland, and Malta from 2012 to 2014. He later assumed the role of CEO at HSBC Insurance Singapore and was a director at HSBC Asia Insurance Holdings for four years.

From 2018 to 2020, Martin worked as the chief of staff in the office of the global head of insurance at HSBC Group. More recently, he has been active in the education, charity, and not-for-profit sectors, holding positions as Chair of three charities and as a director of two not-for-profit organisations.

“Ian is excited to be taking up this role and he is a keen advocate of our ownership by Benefact,” said Charles Foster, chief executive at Lycetts. “He is eager to help Lycetts to deliver our part of the Group’s strategy and to leverage the capabilities of the Group for our benefit. I am confident that Ian will be a good fit in his new role at Lycetts and I look forward to having the opportunity to work with him.”

Foster also expressed gratitude to Denise Cockrem, who has stepped down from her roles as both chair and director of Lycetts due to increased responsibilities as finance director at Benefact Group. He acknowledged her contributions and support to Lycetts, particularly in her assistance to him as CEO over the past three years.

Elsewhere for the financial adviser and broker, Lycetts has reported an increase in turnover and pre-tax profits, despite the market challenges posed by the past year.

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