Centre for Risk Studies Advisory Board

The Advisory Board provides guidance and recommendations to the Executive team at the Centre of Risk Studies. 

The Board consists of representatives from the Centre’s partner organisations as well as industry experts, academic advisors and guests.

Chairman and Executive Director, Cambridge Centre for Risk Studies

Michelle Tuveson

Chairman & Executive Director, Centre for Risk Studies

Dr Michelle Tuveson is Chairman & Executive Director at the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School. She brings 20+ years of corporate experience within the technology and consulting sectors to further the development of better risk models for the future. During Dr Tuveson’s tenure, the Cambridge Centre for Risk Studies has become a world leading provider of research and thought leadership in scenario-based modelling of multi-disciplinary risks to society and businesses. Dr Tuveson chairs the Centre’s Advisory Board, leads the Cambridge Chief Risk Officers Council, is a former IEEE Standards Committee Member on the General Ethical Principles for Artificial Intelligence, and former advisory board member to the World Economic Forum’s Global Risk Report. Dr Tuveson has worked in corporations within the technology sector including Lockheed Martin, Booz Allen & Hamilton, and MITRE Corporation. Dr Tuveson’s research topics include risk culture and governance, corporate risk profiling, and the role of the Chief Risk Officer. She is a frequent commentator and speaker and her articles have been published in reports such as Banking & Financial Services Policy Report (Wolters Kluwer) and Financial Times Special Report on Risk Management. She is the director of the advisory board of Elevate City, an organisation aligned with the UK HM Treasury’s Women in Finance Charter. She earned degrees from the Massachusetts Institute of Technology, Johns Hopkins University, and University of Cambridge.

Trevor Maynard

Vice Chair & Director of Systemic Risk at the Cambridge Centre for Risk Studies

Dr Trevor Maynard is the Director of Systemic Risk at the Cambridge Centre for Risk Studies located at the Judge Business School.

He qualified as an actuary and holds a PhD in Statistics from the LSE and a Masters in Pure Mathematics from the University of Warwick.

His work has involved risk modelling in various guises from Pensions and Life Assurance to general insurance, working for firms such as Lloyd’s of London and Mercer. Whilst at Lloyd’s his team produced risk reports on subjects including Pandemics, Climate Change, Deep tail Marine disasters, Nano Technology, Geopolitics, AI, Robotics and IoT working with many think tanks, universities and specialist risk modelling firms.

Additionally he advises insurtech firms on risk and data science.

Representatives of supporting organisations

Rebekah Clement

Corporate Affairs Director, Lloyd's

Rebekah has more than 20 years of experience in corporate affairs, working as a trusted adviser to a number of government and business leaders across a broad range of sectors in the UK and New Zealand. Rebekah was Lloyd’s first Sustainability Director and was responsible for leading and executing Lloyd’s sustainability and ESG strategy together with leading the Sustainable Markets Initiative Insurance Task Force programme of activities. Joining Lloyd’s in 2015, Rebekah previously led its global communications and engagement team. Before joining Lloyd’s, she led the global media and PR for London tourism, as part of the GLA subsidiary London & Partners from 2013-2015. Prior to this, Rebekah held a number of senior advisory roles in the New Zealand Parliament and central government, most recently as the Press Secretary and Speechwriter for two successive Governors-General of New Zealand from 2009-2013. Rebekah holds an Executive MBA from Cranfield University, together with a Bachelor of Communications from Massey University of New Zealand, and is a Chartered Fellow of the Chartered Management Institute.

Jonathan Gray

Chief Underwriting Officer, Pool Re

Andrew MacFarlane

Head of Climate, AXA XL

Andrew MacFarlane is Head of Climate at AXA XL. Andrew is responsible for the global climate strategy for AXA XL. This entails ensuring all our climate-related efforts across all areas of the business, insurance and reinsurance, are aligned towards furthering AXA XL’s sustainability ambitions and AXA’s climate leadership.

Before taking on the Head of Climate role, Andrew lead the Pricing & Analytics actuarial team across the Global Markets area for AXA XL Reinsurance, covering Property, Casualty and Specialty Lines. He was also the leader of the Public Sector Partnership group at AXA XL. The aim of this group was to strengthen partnerships with the public sector in order to bring socially impactful insurance solutions to market.

Andrew holds an Honours degree in Actuarial Science & Statistics from the University of the Witwatersrand, South Africa and is a Fellow of the Institute and Faculty of Actuaries.

Jo Paisley

President, GARP Risk Institute

Jo Paisley is President of the GARP Risk Institute (GRI), the thought leadership arm of the Global Association of Risk Professionals (GARP).  Set up in early 2018, the Institute works across all risk disciplines, with Jo’s focus to date on climate risk management and scenario analysis, stress testing and operational resilience.  Her career began at the Bank of England where she worked in a variety of roles, across macroeconomics, statistics, supervision and risk. Her last role was as a Director of the Supervisory Risk Specialists Division within the Prudential Regulation Authority, where she was heavily involved in the design and execution of the UK’s first concurrent stress test in 2014. She left the bank in 2015 and joined HSBC as their Global Head of Stress Testing. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing.

Fransje van der Marel

Senior Partner, McKinsey & Company

Fransje van der Marel leads McKinsey’s global initiative on resilience and portfolio enhancement for the energy, materials and food sector. In the context of the Energy Transition, she helps transform energy and chemicals companies to a cleaner future and better performance. She has extensive experience in the power, oil and gas, and mining industries, working with both the private sector and governments across Europe, the Middle East and Africa. She also co-leads the firm’s European power work and leads the sustainability group in Belgium, Luxembourg, and the Netherlands. Fransje supports clients on a wide variety of risk and resilience related topics including risk exposure mapping and quantification and improving risk controls.

Rowan Douglas CBE

CEO, Climate Risk and Resilience, Howden Group

Rowan was previously CEO Capital, Science and Policy Practice at Willis Towers Watson, a leading global advisory, broking and solutions company. Prior to that, he served on the Board of the Group’s reinsurance division, Willis Re, as CEO Global Analytics.

In 2011, Rowan was appointed to the UK Prime Minister’s Council for Science & Technology; he is also a member of the Royal Society’s Working Group on Resilience to Climate Risk and Extreme Weather and chairs the Willis Research Network of fifty universities worldwide.

He has held various appointments within the UN and other international organisations and was awarded a CBE in the 2016 New Year’s honours for services to the economy through risk, insurance and sustainable growth. Rowan sits on the Executive Committee of the International Insurance Society (IIS), New York from which he received the Kenneth R Black Award in 2014.

Scott Kelly

Senior Vice President, Risilience

Scott is presently Senior Vice President at Risilience, leading the environmental analytics and modelling team. He brings over 20 years of experience working across risk analytics, sustainability and climate change working within academia, business and government.

As a seasoned economist he has given evidence to the US Senate and the New Zealand Parliament. He has worked directly with central banks and governments in Europe and Australia on the development of climate policy for the financial sector.

He currently holds the position of Adjunct Associate Professor at the University of Technology Sydney and was previously Chief Economic Advisor to the Parliamentary Commissioner of the Environment in New Zealand.

He was also a post-doctoral Senior Research Associate at the Centre for Risk Studies working with the insurance industry and corporates to assess systemic risks.

He holds a PhD and MPhil from the University of Cambridge in economics and sustainability and a bachelor of engineering from the University of Auckland.

He is a Rotary Ambassadorial Scholar, a Cambridge Trust Scholar and was a Junior Research Fellow of Darwin College.

He has published over two-dozen peer-reviewed journals and is regularly invited to provide expertise to governments and the private sector on climate change, sustainability and economics.

Mihaela Nistor

Chief Risk Officer, Federal Reserve Bank of New York

Mihaela Nistor is Chief Risk Officer and Head of the Risk Group at the Federal Reserve Bank, New York. Previously, Mihaela served as the former Global Head of Enterprise Risk Management (ERM) at Bloomberg leading technology innovation, program governance, and risk management practices to align ERM with the company’s business goals. She collaborated with engineers to establish data collection methods, employ machine learning for analytics, and to create self-service visualization tools enhancing operational resilience through risk management. She oversaw the Access Control and Privileging program, and formulated data protection and governance strategies.

Andrew Pitt

Global Head of Research, Citi Investment Research

Andrew has been Global Head of Research at Citi since 2008. He manages all of Citi’s independent investment research as well as a suite of other content-producing businesses covering sustainable finance, data science, index calculation and conferences. In July 2020, Andrew was appointed as the Global Head of Research & Content for the whole of Citi’s Institutional Clients Group (ICG) with a wider brief to co-ordinate and leverage all client-facing research activities across the ICG.

Andrew launched the Global Perspectives & Solutions (Citi GPS) series in 2011 which has become the leading publically available content brand among global banks. To support Citi GPS, Andrew has pioneered a series of partnerships with leading global universities, think tanks and other bodies. A stated aim of Citi GPS is to bring research teams together in innovative partnerships across the public and private sector in order to better address the greatest opportunities and challenges of the twenty-first century.

Andrew has almost 30 years’ experience in financial services and joined Citi in 1996. He was an equity analyst for 12 years and was a number-one-ranked analyst in the Thomson Extel survey before moving to run Citi’s European Equity Research team in 2003.

Andrew has two degrees in modern history from Oxford University where he also taught as a full-time College Lecturer at Keble College and where he received Oxford University’s AM Read award in 1990 for original research.

Andrew is a member of several academic and charity Advisory Boards.

Lulu Wang

Portfolio Strategist – Global Private Markets' Solutions, abrdn

Dr Lulu Wang leads the Research and Strategy function of the Global Private Markets Fund and Aberdeen Diversified Income and Growth Fund. Her focus is on the analysis of fundamental drivers of private markets and the application of economic forecasts, thematic ideas, and market insights. Lulu is also responsible for the production of the Private Markets House View and thought-leadership projects, working closely with Heads of asset classes and the abrdn Research Institute, providing a strategic and tactical asset allocation on the major asset classes between public and private markets globally. She is also a member of the Private Capital Investment Committee within the Private Markets strategies.

Lulu joined Standard Life Investments, now part of abrdn, in 2014 following the acquisition of Ignis Asset Management, where she managed the research function operating across the real estate business.

Lulu started her career with the Industrial and Commercial Bank of China (ICBC) in 1999 and holds a first class bachelor and a postgraduate degree in international banking and Finance and a PhD in international real estate portfolio diversification.