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The Institute of Chartered Accountants in England and Wales (ICAEW) has announced Alan Vallance as its new chief executive officer.
The news comes as the CII Group has confirmed today (26 October) that Vallance will leave his position as chief executive in spring 2024 to take up the equivalent role at the ICAEW.
Vallance, who is a qualified chartered accountant and long-standing fellow of the ICAEW, joined the CII Group in August 2022, having previously led the Royal Institute of British Architects.
Dr Helen Phillips, board chair of CII Group, said: “The CII Group is sorry to see Alan leave, but we recognise his desire to take, what is, a unique opportunity to lead the Chartered body of his own profession.
“The CII Group board is grateful to Alan for the remarkable job he has done over his tenure, including leading the development and deployment of our new strategic plan. We look forward to identifying a successor to Alan soon to build on his strong legacy.”
Vallance added: “Leading the CII Group has been a privilege. Building and maintaining public trust in the insurance, financial planning and mortgage advice professions is essential to every economy around the world, and I am honoured to have had the opportunity to lead a Royal Charter body containing two preeminent global professional membership organisations – the CII and PFS.
“The decision to leave was not easy, but I am confident that the Group is now in a much stronger position. The foundations we have built since 2022 are a solid base on which the Institute will continue to improve the way it serves its members, customers and the wider public for years to come.”
The CII Group will shortly begin a process to identify a replacement for Vallance.
