BMS Re, the specialty reinsurance arm of the global broking group BMS, is pleased to announce that Farah Nelson has been appointed as chief financial officer, subject to regulatory approvals. Based in New York, Nelson will report to Charlie Rozes, Group CFO and join the BMS Re board.
Along with Morna Leather, UK and International CFO, and Charlie Rozes, Group CFO, who was announced to have joined earlier this week, Nelson’s appointment completes BMS Group’s financial executive structure. Nelson will primarily deliver BMS Re’s financial strategy and drive continued investment into its capabilities to align with client needs and demands, such as capital solutions and analytics. She will also contribute to BMS’s broader growth strategy, partnering with stakeholders across the business to optimise operations, deal with regulatory compliance, and contribute to BMS’s organic and inorganic growth.
Nelson has more than 20 years of experience working in multinational banks and private companies. Most recently, she was UK CFO and board director at Aon where she was responsible for the financial performance of more than $1.6bn. Before this, Nelson was a senior finance director for Aon, global controller for Stroz Friedberg, and held senior roles at JP Morgan Chase and Credit Agricole. Roles which saw Nelson develop extensive experience supporting business growth, driving margin expansion, building and implementing financial systems, and with M&A on both the buy and sell side.
Nick Cook, CEO, BMS Group, said: “I am delighted to welcome Farah to BMS. She is an accomplished finance executive having worked in fast-paced, growth-orientated organisations. Not only that, but she is a proven leader with a track record of setting clear goals and delivering on them, and she is deeply passionate about diversity, equity, and inclusion. With her now working with Charlie and Morna at the Group level, continuing to drive investment in reinsurance across the UK, US and our Bermuda platforms, our finance team is formidable. I am delighted to have Farah join and look forward to working with her.”
Nelson said: “Joining BMS at this time is incredibly exciting. BMS has a fantastic reputation, and rightly so. Its people have not only been able to achieve enviable growth but have also made a point of doing this in exactly the right way, with collaboration, empathy, and inclusivity at their core. I am delighted to join its talented team and excited to get started.”