Randall & Quilter (R&Q) has appointed Mike Walker to the newly created senior executive role of chief restructuring officer.
Walker, who joins on 7 October, will be responsible for optimising the structures of R&Q’s acquired discontinued business assets.
The new position is part of R&Q’s strategy to acquire larger legacy (re)insurance portfolios where there are opportunities for releasing excess capital.
Walker joins R&Q from KPMG where he was a partner for over 15 years and occupied a number of senior roles, most recently serving as global head of insurance restructuring.
In that capacity, he has been involved in some of the largest insurance restructurings in the UK and internationally and has also worked extensively on providing advice to companies with discontinued insurance business, dealing with all aspects of operations including the transition to run off, strategic reviews and assessing finality options.
On his new role, Walker commented: “I have known R&Q since its formation in 1991 and have great admiration for Ken Randall, Alan Quilter and their colleagues. After more than 30 years at KPMG, I am delighted to be joining R&Q and am looking forward to managing the firm’s acquired discontinued business assets.”
