New NS&I Chief Executive Appointed

The Chancellor has appointed Ian Ackerley as the new Chief Executive of NS&I (National Savings and Investments).

Announcing the appointment Simon Kirby, Economic Secretary to the Treasury, said:

“Ian Ackerley’s extensive experience in retail financial services and effective leadership skills make him the ideal candidate to be the next Chief Executive of NS&I.
“NS&I sits at the heart of our savings sector and Ian will play a key role in shaping the next phase of NS&I’s digital transformation so that it continues to deliver for millions of savers across the UK.”

Ian Ackerley said:

"Like many people across the UK, I grew up with NS&I: my first savings were in Premium Bonds, which were bought for me as a child. It is a brand I have long admired – particularly for how it has transformed itself into a 100% direct business without losing the trust and loyalty of its customers. I’m proud to be given the opportunity to lead NS&I and look forward to joining the team.”

Notes to editors

1. NS&I is one of the largest savings organisations in the UK. Around 25 million people have over £135 billion invested in NS&I’s range of savings products. NS&I also provides payment processing services to other Government departments and is playing a key role in delivering the Tax-free Childcare initiative.
2. Ian Ackerley’s salary as NS&I Chief executive will be £180,000 – £185,000. Jane Platt’s salary as Chief Executive was £195,000 – £200,000 in 2015-16. See NS&I’s Annual Report and Accounts for full details.
3. Immediate before joining NS&I Ian Ackerley was at Barclays which he joined in 2011 as Director of Investments and where he was responsible for Barclays’ UK retail investment business. He has over 20 years’ experience in the UK retail financial services industry. His previous roles include Managing Director of Investments and Pensions at Virgin Money; Managing Director of Sun Life International; and working as a consultant with McKinsey & Company. Ian holds an MBA from London Business School and began his career with Royal Dutch Shell.
4. Ian succeeds Jane Platt CBE who stood down in August 2016 after 10 successful years as NS&I’s Chief Executive. She left to focus on her other role as a non-executive Board member of the Financial Conduct Authority. Steve Owen, NS&I’s Partnership Director, was appointed Acting Chief Executive on Jane’s departure.
5. An open recruitment exercise for the Chief Executive role was conducted in accordance with the Civil Service Commission’s Recruitment principles and procedures.