Wesleyan, the mutual financial services provider, has appointed Ahmed Farooq as its new Chief Finance Officer (CFO). This is an Executive Management position reporting to the Group Chief Executive.

In his new role, Ahmed will oversee all aspects of the financial strength and performance of the business as part of the company’s ambitious growth plans in its target markets of doctors, dentists, lawyers and teachers. He takes responsibility for Finance, Actuarial and Investments divisions.

Wesleyan Group Chief Executive, Dr Craig Errington said: “Our aim is to make us the provider of choice in our specialist markets. We intend to build on our success of the past and our unique position of financial strength to enable us to take advantage of the opportunities that lie ahead.

“Ahmed’s extensive experience and in-depth knowledge of our business will be invaluable to us as we look to achieve our ambitions and continue to deliver outstanding value and results to our members.”

Ahmed added: “I’ve been part of the incredible story taking place here at the Wesleyan for the last five years. That success has been achieved by having a clear strategy, sound financial management and by putting the customer at the heart of what we do.

“I’m delighted to be taking on this new role at such an exciting time of strategic development and growth. Being part of a business that values and nurtures talent was one of the key reasons I joined the Wesleyan.”

Having headed up the finance divisions of both Resolution PLC and the Pearl Group, Ahmed joined the Wesleyan in 2010. Prior to his appointment he was Managing Director of the General Insurance business within the group. He is also Chair of the Birmingham Business Professional Services Board.