LV= provides an update on future Board composition if transaction with Bain Capital proceeds

Liverpool Victoria Financial Services (LV=) is announcing the three new Independent Non-Executive Directors who are expected to join the Board of Liverpool Victoria Life Company, the company that will be acquired by Bain Capital subject to approval from LV= members and completion of the legal and regulatory processes. 

Tim Harris, Suzy Neubert and Natalie Ceeney, CBE, will join the Board of LVLC, subject to regulatory approval. Their appointment will be effective upon receiving all requisite change of control approvals. 

A rigorous recruitment process led by an independent executive search firm was undertaken, and those selected will each bring valuable and highly relevant experience and expertise to the new company. 

Tim Harris has extensive experience in the insurance industry, within both life and general insurance. He was Group Finance Director and then Deputy CEO of Royal London between 2014 and 2019, before becoming Chief Financial Officer at Direct Line from 2019-2021.

Natalie Ceeney CBE, is an experienced Chief Executive with strong financial services and regulatory experience. She was Chief Executive Officer of the Financial Ombudsman Service between 2010 and 2013 and has held non-executive roles on the Boards of FCE Bank plc, Anglian Water Group Ltd, Innovate Finance Ltd and Countrywide plc.

Suzy Neubert is an experienced FTSE250 Non-Executive Director having served on the Board of Witan Investment Trust since 2012. She has extensive experience in financial services holding senior roles at Merrill Lynch for 13 years followed by 14 years at J O Hambro Capital Management. Suzy is also a Non-executive director of ISIO, the pensions and actuarial advisory firm. 

Tim Harris, prospective Non-Executive Director, commented: “I am delighted to have been invited to join the new Board of LVLC and look forward to working with my fellow Board members as the Company begins to execute an ambitious and exciting growth strategy.”

Natalie Ceeney CBE, prospective Non-Executive Director, added: “LV= is a historic brand with an impressive history and heritage, and much loved by its customers. The growth strategy which I’ve heard first hand has customers at its heart. I look forward to seeing LV= go from strength to strength.”

Suzy Neubert, prospective Non-Executive Director, said: “This is an exciting time for LV= and an opportunity to put the new company on a stronger footing. The acquisition of the Company by Bain Capital will provide important investment and it’s a growth story of which I will be proud to play a part.”

For further information please contact:

Jon Sellors
Head of Corporate Affairs, Life & Pensions
07711 701806

About LV=

LV= is a leading financial mutual and serves over 1.3 million members with a range of financial products. When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products. We offer our services direct to consumers, as well as through IFAs. 

LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria Financial Services Limited and LV= and LV= Liverpool Victoria are trading styles of the Liverpool Victoria group of companies. Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, register number 110035. Registered address: County Gates, Bournemouth, BH1 2NF.