Lucida PLC

We have assembled a talented, experienced and well-balanced team of experts at Lucida. We combine financial, industry and technical expertise with a commitment to outstanding customer service and a track record of delivering it.

Jonathan Bloomer, Executive Chairman

Jonathan is Executive Chairman of Lucida. He is also a Partner of Cerberus European Capital Advisors, LLP, the UK arm of Cerberus Capital, a New York based investment manager. He was previously Group Chief Executive of Prudential from March 2000 until May 2005, and Group Finance Director from January 1995. Prior to this he was a senior partner in Arthur Andersen’s financial markets division based in London and the managing partner of their European Insurance Practice. Jonathan was a member of the Financial Services Practitioner Panel of the Financial Services Authority from 2000 to 2006 (Chairman Nov 2003 – Oct 2005). He was a member of the Board of the Geneva Association from 2001 to 2005 and a member of the Board of the Association of British Insurers from 2000 to 2005. He was also a member of the Urgent Issues Task Force of the Accounting Standards Board from 1995 to 1999.

David Clinton, Managing Director

David is Managing Director of Lucida. He was previously a senior partner in Accenture. From 2002 to 2005, he was CEO of Accenture HR Services, which was the global HR outsourcing arm of Accenture. In this role, he was responsible for some of the largest HR and pension administration operations globally. Prior to this, David was the Global Managing Partner for Human Performance, where he had oversight of all consulting work carried out in relation to client management and workforce issues. Previously he was Managing Partner for Change Management in Europe, Middle East and Africa and Managing Partner for the UK Government and Services Division. He also sat on key committees within Accenture, including the Global Executive Committee and the Partner Income Committee.

Margaret Snowdon OBE, Operations Director

Margaret is Lucida's Operations Director. Margaret joined Lucida from The Pensions Practice Ltd, a specialist pensions consultancy firm she set up in 2003. Prior to that she was a Partner with Towers Perrin, where she was European Head of HR and Pensions Technology Consulting. Previously she was a Partner with Mercer Human Resource Consulting where she ran outsourced administration services and led on pensions technical policy. She has advised many large pension funds on operational strategy and has managed several significant transition programmes. She is a Fellow and former Vice President of the Pensions Management Institute. She is a Fellow and immediate past Chairman of the Pensions Advisory Service. She is also Special Advisor to the Raising Standards of Pensions Administration Group and serves on the FRC Actuarial User Group. She is a founder director of the Centre for Retirement Reform. Margaret was appointed an Officer of the British Empire (OBE) in the 2010 New Year's Honours List for services to Pensioners.

John Smitherman-Cairns, Corporate Development Director

John Smitherman-Cairns is Corporate Development Director at Lucida plc. Having been instrumental in the formation of Lucida, John is now a member of the executive team responsible for the development and delivery of Lucida’s comprehensive pension de-risking offering to the UK market. John is a qualified accountant and joined Lucida from Prudential where he was Head of Corporate Finance. There he was actively involved in group acquisitions, disposals, defence, valuation, strategy development, and capital raising. John joined Prudential from Inchcape plc in 1999 where he was Head of Corporate Finance.

Hitesh Patel, Finance Director

Hitesh is Finance Director at Lucida. Previously he was a specialist partner in KPMG’s Financial Services Audit Practice, responsible for providing accounting and prudential regulatory advisory services to the insurance industry. He was a member of KPMG’s Global Insurance Leadership Team and a member of the IASB Insurance Working Group. Hitesh was a member of the ABI’s working party on their revision of the SORP on accounting for insurance businesses and led the Solvency II Study for the European Commission into methodologies for measuring solvency in the insurance sector. He has provided advice to the insurance sector on a wide range of topics including accounting, regulatory, corporate governance, risk management and due diligence.

Andrew Stoker, Chief Actuary

Andrew is Lucida's Chief Actuary. In this role, he has responsibility for all aspects of actuarial work within Lucida including capital management, reserving, actuarial reporting, pricing and proposition development. Prior to joining Lucida, Andrew spent nine years as an actuarial consultant initially with Tillinghast-Towers Perrin and more recently as a partner in the life actuarial practice of PricewaterhouseCoopers, providing advice to the insurance industry on a range of topics including actuarial reporting, risk control frameworks, solvency management and corporate restructuring. He was also reviewing actuary for a number of life insurers. Andrew began his career with Legal & General where he had a number of roles in both life and pensions.

Sir Derek Morris, Non Executive Director

Sir Derek Morris is a Non Executive Director at Lucida. He is also Provost of Oriel College, Oxford and a former Chairman of the Competition Commission. He carried out an independent review of the actuarial profession on behalf of HM Government in 2004-5 and has recently chaired a series of meetings organised by the ABI on the present and prospective state of the pensions industry and the regulatory regime that applies to it. Sir Derek is Chairman of the Trustees of the Oxford University Press pension scheme. From 1984-98 he was Chairman of Oxford Economic Forecasting Ltd and is currently a Governor of the National Institute of Economic and Social Research. He has published widely on economic topics, including some recent work on economic reform in Chinese enterprises. He acted as adviser to the Asian Development Bank on enterprise reform in Central Asia. In the 2003 New Year Honours, he was admitted to the Imperial Society of Knights Bachelor.

John Tiner, Non Executive Director

John Tiner is a Non-Executive Director of Lucida plc. John Tiner was previously Chief Executive of the FSA, a position he held between September 2003 and July 2007 when he retired from the role. He had initially joined the FSA in June 2001 as Managing Director of consumer, insurance and investment business. At the FSA, he was widely credited with modernising the regulation of the UK insurance industry and bringing a new risk-based and principles-based focus to regulation. He was also a member of the Committee of European Insurance and Occupational Pensions Regulators which steered the development of Solvency II. Before joining the FSA, Mr Tiner was a Managing Partner at Andersen responsible for its worldwide financial services practice. He joined Andersen in 1976, working mainly with banking and capital market clients. He led the Andersen team appointed by the Bank of England to investigate the collapse of Barings Bank and draw out the lessons to be learned. Mr Tiner is also a non-executive director of the Credit Suisse Group. Mr Tiner was awarded a CBE in 2008 in recognition of his services to the finance industry and in 2010 was made an Honorary Doctor of Letters at his former college, Kingston University, in recognition of his contribution to the financial services industry.

Pieter Korteweg, Non Executive Director

Pieter Korteweg is a Non-Executive Director of Lucida plc. He is also Vice Chairman of Cerberus Global Investment Advisors LLC and a Director of Cerberus Dutch entities. Mr. Korteweg was Chairman and CEO of Robeco Group, Europe's largest independent asset manager. Prior to that he served as the Treasurer General for the Dutch Treasury, and as Professor of Economics at Erasmus University in Rotterdam and Carnegie-Mellon University. Mr. Korteweg also served on the Supervisory Boards of the Dutch Central Bank (Vice-Chairman), the Dutch Pension and Insurance Supervisory Authority (Chairman), the Dutch Central Bureau of Statistics (CBS), Hypo Real Estate Holding AG (Munich), and as a non-executive member of the Board of SSA Global Technologies, Inc (Chicago), Aozora Bank Ltd. (Tokyo), and the Governing Board SONA, the Development Fund of the Netherlands Antilles. He currently serves on the (Supervisory Boards) of Mercedes-Benz Nederland BV., BAWAG PSK Bank (Vienna), as Chairman of the Board of Aercap Holdings NV (Amsterdam), and as a non-executive member of the Board of Showa Jisho Co. Ltd. (Tokyo). Mr. Korteweg obtained his Ph.D (cum laude) in monetary economics from Erasmus University in Rotterdam in 1971.