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The man from the Pru joins Hiscox as CFO

Lloyds of London Image Portfolio Feb2011

HISCOX, the FTSE 250 and Lloyd’s of London insurer, has appointed Hamayou Akbar Hussain, known as Aki, as its chief financial officer.

Hussain is currently CFO of Prudential UK & Europe and has held a number of senior roles in the financial services, telecoms and media sectors.

Prior to Prudential, where he has spent seven years, Hussain was finance director for the Consumer Bank division at Lloyds Banking Group until 2009, and before that he was FD for the Consumer division of ntl (now Virgin Media) until 2006.

Hussain is a chartered accountant, having trained with KPMG, and brings 20 years of experience to Hiscox, where he will lead and further develop the finance function, and oversee its investments. It is expected that he will join Hiscox in the second half of the year once his current contractual commitments are fulfilled.

Bronek Masojada, Group CEO, said: “Aki will be an excellent addition to our executive team, bringing first class financial services experience, strong regulatory exposure, and a fresh perspective.  I believe we can learn a great deal from Aki and look forward to welcoming him aboard.”

Hussain’s remuneration package includes an annual basic salary of £450,000. Stuart Bridges, an insurance veteran and long-standing chief financial officer at Hiscox left the insurer to join ICAP, the world’s largest interdealer broker, last year.

For more information on the salaries and remuneration packages of every CFO in the FTSE 350 check out Financial Director’s annual CFO Salary Survey.

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