Mark Wood (businessman)
| Mark Wood | |
|---|---|
| Born | 1953 County Durham |
| Residence | London, United Kingdom |
| Citizenship | British |
| Occupation | Chairman of Paternoster |
| Children | One son, two daughters |
Mark Wood (born 1953 in County Durham) is one of the UK’s most successful financial figures and has been at the helm of several financial services and technology start-ups, both in the UK and New York City.
Career
Mark Wood began his career with the accountancy firm Price Waterhouse (PwC). He also held posts in Commercial Union and Barclays.[1]
After running the AA's insurance arm for three years, Wood was made chief executive of AXA Equity & Law. Buying into Sun Life put him in charge of a FTSE 100 company which subsequently bought Guardian Royal Exchange and set about integrating the group.[2] In 2001 Mark moved from AXA to join Prudential plc and became its UK and European Chief Executive.[3] In 2006, Wood’s work in re-establishing Prudential plc as a leader in the UK insurance market became the subject of a case study by the International Institute for Management Development.[4] In 2005 he founded and became chief executive of Paternoster; a regulated insurance company that takes on the risks associated with companies’ final salary/defined benefit pension schemes. The company received backing of £500 million, led by Deutsche Bank. In 2009, Mark became the deputy chairman. Mark Wood has a number of interests and is chairman of Dave King’s Digitalis Reputation, which specialises in Online Reputation Management;[5] CEO of Jardine Lloyd Thompson Employee Benefits;[6] and audit committee chairman and non-executive director of the RAC Limited.[7] He was formerly chairman of Beta London Advertising and Lloyds Insurer Chaucer PLC.[8] He is a regular commentator in the press on pensions and insurance.
In 2010, Wood received an honorary doctorate in business administration from Anglia Ruskin University.[9]
Charity Work
Mark is the chairman of the NSPCC (National Society for the Prevention of Cruelty to Children).[10] Mark also ran the Full Stop campaign to raise £280m through events such as a dinner with Bill Clinton and Elton John in St Petersburg.[11]
Personal life
Mark enjoys spending time with his family and going on his annual skiing trip.
References
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