Richard Ancrum – GC Powerlist
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Southeast Asia 2017

Richard Ancrum

Head of legal and compliance Asia | PartnerRe

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Southeast Asia 2017

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Richard Ancrum

Head of legal and compliance Asia | PartnerRe

Richard Ancrum - Switzerland 2022

General counsel, EMEA | PartnerRe

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About

Richard Ancrum is head of legal and compliance for Asia at international reinsurance company PartnerRe. He relocated to Singapore in 2016 to further develop his focus on the region, becoming the company’s most senior Asia-based lawyer. He is known for both his ‘attention to detail and out of the box thinking’, and has experience working in London, Australia and Singapore. Ancrum says this international experience has ‘been invaluable in terms of developing an understanding of different legal regimes’ and he has made several changes to the legal department at PartnerRe to meet the challenge of operating globally in a highly regulated market. Moving from being a ‘reactive non-Asian based function to one that is physically present and involved with the day-to-day Asian business operations’, Ancrum has overseen the workings of the legal team to better reflect its business model. He enjoys a close relationship and direct access to PartnerRe’s CEO for Asia, and is aware that such changes have to be made with the business in mind. Ancrum describes the changes he has implemented as ‘strengthening the governance and compliance framework around the operating entity and striving to ensure that there is minimal impact to the underlying business operations’. According to Ancrum, defending the company against a backdrop of both a rapidly evolving regulatory framework within Asia and increasingly widespread protectionist measures at a national level requires ‘creative thinking’. Stressing the consultative role of the legal function, he says the legal function ‘cannot be a walk-over rubber stamp function and situations will arise where the in-house lawyer needs to adopt a firm position which may not necessarily be supported by the business’.

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