Management

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MANAGEMENT PROFILES

Craig Ormrod (Managing Director)

Craig joined the financial services industry in 1978 as a junior in a large Manchester based insurer doing claims work. After a couple of years, he moved to a small life and short-term brokerage before leaving for South Africa in 1984.

He initially joined the Federated, but that did not last long and soon thereafter moved to Commercial Union where he stayed for six years. In 1991 he joined Allianz in Pretoria as Assistant Branch Manager for a year before being transferred to the Cape Town branch in 1992, where he became Branch Manager a couple of years later. To avoid a transfer back to Johannesburg, he then joined AIG in 1998 and later First Central in 2000, both at Regional Manager level. With the demise of FCI, a move back to Johannesburg was inevitable, so Craig joined a UMA specialising in the trucking business in 2002. Craig’s move to compliance came when FAIS first came up in 2002 with the opening of Pretium Services in 2003 with Bryan Thomas.

He was awarded his Associate of the Chartered Insurance Institute in 1981 while still in the UK, and completed his Fellowship in South Africa in 1990. He later converted to the Insurance Institute of South Africa format. He has now achieved the designation of Compliance Practitioner (CPrac (SA) ) via the Compliance Institute Southern Africa

He was a founder member of the Gauteng Chapter of the Compliance Institute of South Africa (CISA) Forum for FAIS Compliance Officer members in 2007, of which he is the current chairperson and represents this chapter on the CISA FAIS Exco committee.

Peter Veal (Director)

Peter joined the financial services industry in 1966 as a junior in a large London based international firm. In 1970 he was transferred to South Africa. Over the next 20 years, his career was broad-based, including strategic management, technical development and underwriting management, all at board level.

Under the auspices of his consultancy company established in 1992, he has set up captive insurance companies on- and off-shore, established several underwriting management companies on behalf of shareholders, and has consulted at top level to various financial institutions.

He was awarded his Fellowship of the Chartered Insurance Institute in 1984, having won the Institute prize for best exam results, and was one of the first to be appointed as Chartered Insurance Practitioner. His Fellowship of the Insurance Institute of South Africa followed soon thereafter.

He was a founder member of the Society of Fellows in South Africa and in 1992 published a Society of Fellows study document, entitled “Insurance for the emerging market in a new South Africa”.

This was used extensively by the industry at the time, and is still used as a reference today. He is well known for some of his controversial views which have been published in many insurance magazines and newsletters. He was elected to the Board of the Compliance Institute in 2009 and served a two-year term, and has acted as an education consultant to the Institute of Loss Adjusters since 2007.

Following the passing of the FAIS Act, Peter registered as a Compliance Officer with the Financial Services Board and was appointed Managing Director of Intelligent Compliance and Education (Pty) Ltd (ICE) in 2007, which merged with Pretium Services Ltd in 2013 to form Associated Compliance (Pty) Ltd.

Bryan Thomas (Director)

Bryan worked in the mining industry before joining the financial services industry in 2001. His roles have taken him through the full ambit of insurance in his various active and consulting roles at re-insurers, insurers, underwriting managers and brokers. His short-term product development work became a natural entrance to the compliance environment.

He has a Bachelor of Science and Bachelor of Science Honours degree from the University of the Witwatersrand and is a member of the Compliance Institute of South Africa. He has now achieved the designation of Compliance Practitioner (CPrac (SA) ) via the Compliance Institute Southern Africa

With the introduction of the FAIS Act, Bryan was one of the founding directors of Pretium Services and was appointed as one of its Compliance Officers. He acts in the capacity of Compliance Officer as well as director of Associated Compliance.

Juanette Richardson (Director)

Juanette started in the financial services industry in 1996 and was employed by Regent Insurance Company, Alexander Forbes and GIB Insurance Brokers. She began as a claims clerk and ended her broking career as an underwriter. Passionate about insurance and with a goal to build a career, the move to ICE in 2005 was an easy decision. With encouragement from her mentor, she proceeded to complete her qualification in Risk Management and registered as a Compliance Officer. She was quickly promoted to the Motor Division Manager at ICE and remained in this position when Associated Compliance was established.

In December 2015, Juanette was appointed as a Director of Associated Compliance and has retained a hands-on role in the Motor Division. Among other functions, she oversees all motor monitoring nationwide and serves as the liaison for Motor clients on financial services matters. She is also responsible for training the supervisee Compliance Officers and is the Chairman of the company’s Employment Equity Committee..

Management Support Staff

Anke Botha  – Management Assistant

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