New chief executive of the Insolvency Service appointed
The Insolvency Service has announced that its new chief executive will be Duncan Beach, who was previously managing director, global head of risk & compliance transformation at HSBC.
Moving to the agency in January, he will replace the service’s current interim chief executive, Alex Pybus, who took on the role temporarily following the departure of former chief executive, Dean Beale, in May.
Duncan said: “I’m proud to be joining the Insolvency Service as the organisation continues to develop and modernise. It makes a real difference to people’s lives and the UK’s economic stability – from tackling financial wrongdoing and protecting legitimate businesses, to supporting people and businesses in financial difficulty. This work has never been more important.
“I’m excited to work with colleagues across the organisation to set out our vision in the new strategy we’ll be launching in April. Building on the strong foundations already in place, we have a real opportunity to strengthen our capabilities and deliver even greater impact for those who need us most.”
Duncan has more than 20 years’ experience delivering strategic change and innovation across large, complex organisations with expertise in financial crime prevention, regulatory change, operational excellence and leveraging technology.
Welcoming him to the Insolvency Service, Alec Pybus said: “Duncan’s experience in leading large-scale transformation, particularly in financial crime prevention, regulatory change and leveraging technology, will be vital as we work together to meet the challenges ahead and deliver on our strategic aims.
“His track record in building high-performing teams and driving operational excellence aligns perfectly with our ambitions to strengthen our capabilities and deliver even greater impact.”
Blair McDougall, minister for small business and economic transformation, said: ”Duncan’s expertise in leadership and fighting financial crime will be invaluable in strengthening the Insolvency Service.
“A robust Insolvency Service is essential for protecting legitimate businesses, tackling financial wrongdoing, and creating the economic confidence needed to drive growth.
“I look forward to working with him to support our businesses and boost the economy.”
Duncan will join the Insolvency Service on 5 January.