William Spiegel has officially taken on the role of executive chairman of Randall & Quilter Investment Holdings (R&Q) succeeding Ken Randall who announced his retirement plans last July.
Randall has also stepped down as a director of the company with effect from 31 March.
Randall co-founded R&Q in 1991 alongside Alan Quilter, with the company playing a pioneering role in the growth and development of the then nascent legacy market and is now worth over $800 billion, according to PwC.
Spiegel says: “It is an immense honour to succeed Ken Randall, who has been one of the world’s leading insurance entrepreneurs for over 30 years. More importantly he has been an important mentor and friend to me.”
From a personal perspective, Spiegel explains: “I am very excited to step into the role of executive chairman. We have a huge market opportunity in front of us. We will continue to execute our growth strategy and move the business forward, and I look forward to updating you on our strong progress at our upcoming full year results.”
Commenting on his retirement, Randall notes: “The one constant since I co-founded R&Q is the quality of its people, from Alan Quilter who I’ve worked with since the start through to Spiegel as my successor, and it is these people who have underpinned our success.”
Randall says he retires as executive chairman “with a mixture of pride in the business I have helped build and excitement, as a shareholder, for its future”.
“Having known him for many years, I have great confidence that William Spiegel is the right person to lead the business forward. Not only does he share the entrepreneurial flair that is part of R&Q’s DNA, but since joining he has demonstrated a clear ambition to further accelerate R&Q’s growth across its two core businesses and beyond,” he adds.
Randall concludes: “I would like to thank everyone at R&Q, our shareholders and the many friends and partners we have in the industry for their support over the years and I look forward to closely following R&Q’s continued progress.”
