The Lloyd’s Market Association has appointed Joe Brace as operations director, effective in the spring of 2025.

He will report to Sheila Cameron, chief executive of the LMA.

All 55 Lloyd’s managing agencies, and all Lloyd’s members’ agents, are members of the LMA, which represents its members’ interests to organisations including governments, regulators, and the market’s central supporting body, the Corporation of Lloyd’s.

The organisation said Mr Brace will provide leadership, technical support and expertise to the Lloyd’s and London market, managing market operations activities, central services provision to managing and members’ agents, and leading projects and initiatives aimed at developing efficient and cost-effective business processes.

He will also influence and support the implementation of Blueprint Two, with a focus on thorough testing, market acceptance and readiness for new digital processing services that Lloyd’s managing agents will use.

Mr Brace, who joins the LMA from Apollo, will succeed Rob Myers, the current operations director, who will be retiring in 2026.

Mr Myers will continue to provide consultancy to the LMA over the transition period and to support the progression of Blueprint Two.

Mr Brace said: “I am delighted to be joining the LMA in a role that is pivotal to driving digital transformation and modernisation in the Lloyd’s market.”