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September 2013 Seminar

13 September 2013

9.30 am - 13.00 pm

Quarterly seminar focusing on current issues including product governance, external Quality Assurance and auditing co-sourcing

Quarterly IIAG seminar focusing on:

  • Product Governance

Hammad Akhtar /Adam Levitt –Partners - Ashurst

  • External Quality Assurance

Chris Baker – Technical Manager – Institute of Internal Auditors

  • S166 Skilled Persons Review - An update on current practices

David Nancarrow/ Manav Soni - Senior Managers – EY

  • Auditing Co-sourcing


2 New Street Square,

Greater London


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Speakers Profiles

Hammad Akhtar





Hammad is a partner in the financial institutions group in London. He advises clients in the insurance, reinsurance and retail banking sectors. His recent experience includes advising Royal London on the transfer of two insurance businesses to it from the Pearl Group, Swiss Re on the restructuring of its UK direct life business and a major European insurance group on the restructure of its European life insurance business.

Chris Baker

Technical Manager




Chris has been the IIA’s Technical Manager since November 2007. His role at the Institute is to promote and develop the professional practice of internal auditing and to build upon the body of knowledge that is available to their members in the UK and Ireland.

Adam Levitt





Adam is a partner in the financial institutions group in London. He specialises in corporate transactions for insurance companies and banks. Adam's recent experience includes advising Pension Insurance Corporation on its recent capital raising and reorganisation; a major reinsurer in relation to the AEGON longevity swap; and Friends on the innovative securitisation of a book of life insurance business.

David Nancarrow

Senior Manager




David has worked in financial services for 20 years, of which 16 have been spent in regulatory roles. He has completed a number of s.166 reviews for the FSA and has managed in the short time that they have existed to work on a s.166 for both the PRA & FCA.

Gul Nawaz

Group Internal Audit Manager

Hyperion Insurance Group



Gul has over 10 years insurance internal audit experience working at Chaucer, Canopius and KGM Motor Syndicates.

Manav Soni

Managing Director - Business Risk Services

Grant Thornton



Manav is a Managing Director within Grant Thornton's Business Risk Services practice leads. He has over 20 years of experience in the Professional Services environment, and is experienced in matters of risk, compliance, internal audit and internal control corporate governance. He has extensive experience of helping clients enhance and expand their internal audit capabilities - through providing advice on industry good practice and helping clients in successfully delivering internal audit transformation programmes.

Manav leads the Insurance internal audit co-source and EQA / QA solutions in the UK and has expansive experience of oversight and management of a number of outsourced and co-sourced internal audit arrangements with multinational financial services clients. He has also delivered a number of EQAs and Section 166 Skilled Persons Reviews (commissioned by the PRA) for large and complex multinational insurers.

Manav has served in a Head of Audit capacity for insurance clients with outsourced internal audit arrangements and has helped Internal Audit functions develop and grow through leading Internal Audit transformation programmes covering aspects such as Internal Audit strategy, governance, products, skills and resources, methodology / working practices and reporting and MI.

Julie Woodward

Internal Audit Manager

Validus Group

Julie joined Validus Group Internal Audit in 2010 as Audit Manager with responsibility for auditing the Holdings Company and the Reinsurance Company based in Bermuda. Prior to this she worked in Internal Audit for 12 years at XL, HSBC Bank of Bermuda, and KPMG.