Macdonald has joined as group risk director in December, 2012. He was appointed in the new role since November, 2012.

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Initially, there has been no announcement for Macdonald’s appointment. He has previously held a number of senior risk roles at Prudential, PricewaterhouseCoopers and Aviva.

Royal London head of regulatory risk and compliance James McCourt will report directly to Macdonald.

A Royal London spokesman says: "Jon was appointed towards the end of last year. He has an impressive career history having held a number of senior roles and is a fellow of the institute of actuaries."

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