London-based William McDonnell will move to Sydney and take up the role of IAG CFO later this year. 

He joins IAG from the global governance body the Integrity Council for the Voluntary Carbon Market, where he has been COO for the past two years. 

Previously, he was with Royal & SunAlliance for 15 years, and for much of that time was Group CRO. He also held senior finance and capital roles including Group Director of Financial Reporting and Control, and Head of Economic Capital, Corporate Finance and Capital Management. 

“William brings extensive experience in financial and capital markets to IAG, and a deep understanding of regulatory environments, finance, risk and climate risk,” CEO Nick Hawkins said. 

“His expertise in capital strategy and identifying trends and managing climate risk in a global context, will play an important part in creating a stronger and more resilient company.” 

Mr McDonnell created and chaired RSA’s ESG Committee, was a founder member of the Bank of England’s Climate Financial Risk Forum, and a member of the University of Cambridge ClimateWise Council, a global network of insurance industry organisations.  

He has also held roles at HSBC Investment Bank, Aviva, the UK Financial Services Authority and Deloitte. 

Mr McDonnell will become IAG CFO effective December 11, subject to regulatory approval, taking over from Michelle McPherson, who will retire at the end of the year.