Mr McNeill has over 11 years’ experience in financial services, across risk and capital management.

He was most recently an associate director at PwC, focusing on life insurance financial reporting and solvency regulations.

Mr McNeill joined PwC as a graduate in 2008, completing actuarial exams in 2010, and went on to become a Fellow of the Faculty of Actuaries in 2011.

At Scottish Friendly, he will be heading up a team of actuarial specialists who will provide increased oversight of the management of financial risk across the business.    

Mr McNeill, who has a first-class honours degree in actuarial mathematics and statistics, has been recruited at an important time for Scottish Friendly as it recently increased its assets under management by £2.4 billion to more than £5 billion with the completion of a significant book of life and pensions business from Canada Life.

Genevieve Humphreys, chief risk officer, Scottish Friendly, said: “We are delighted to welcome Scott as our new Head of Financial and Insurance Risk. This is a significant period in Scottish Friendly’s history as we continue to grow the business through our strategy of organic growth, mergers and acquisitions and business process outsourcing.”

“Scott will play a key role in developing our risk function and will significantly enhance our financial risk expertise and capabilities. We are always looking to recruit highly-skilled and highly-motivated individuals to the business and I’m very pleased that we’ve attracted someone of Scott’s calibre.”

Scott McNeill added: “I’m very excited to be joining Scottish Friendly at such an important juncture and I look forward to playing my part in the growth and development of the company.  The role presents a great opportunity to build my own specialist team within the Risk Function and I look forward to working very closely with the existing Risk Assurance and Compliance team.”