‘He brings significant experience from the financial services sector to the role and has already made demonstrable progress on a number of issues that are a priority for our members,’ says director general
The ABI has appointed David Otudeko as its new director of regulation.
The new appointee has been acting as interim director of regulation at the association since November 2024, when he succeed Charlotte Clark following her departure.
In his role, Otudeko will lead the regulation directorate responsible for the ABI’s policy work on prudential regulation, conduct regulation, tax, financial and corporate reporting as well as environmental, social and governance matters.
Since joining the ABI in 2021, Otudeko has held the role of assistant director, head of prudential regulation.
Hannah Gurga, the ABI’s director general, said: “I’m delighted that Otudeko has been appointed as the permanent director of regulation.
“He brings significant experience from the financial services sector to the role and has already made demonstrable progress on a number of issues that are a priority for our members.
“I’m particularly pleased that an internal candidate was successful through a highly competitive recruitment process, demonstrating the excellent breadth of talent within the ABI.”
Critical time
The new appointee has a background in various risk-focused roles, notably as part of the risk management function at AmTrust International.
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He has also worked at consultancy PricewaterhouseCoopers (PWC) in the firm’s financial services risk and regulation practice between 2018 and 2020.
Otudeko said: “I am really pleased to have been appointed as the ABI’s permanent director of regulation. It is a critical time for (re)insurance regulation with the government and our regulators focused on the UK’s economic growth and competitiveness.
“There is a key role for the insurance and long-term savings sector to play in support of this. I look forward to working with the government, regulators, ABI members, the amazing staff in the regulation directorate and across the organisation to help boost growth and deliver fit for purpose and proportionate regulation for our sector.”
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