Birmingham-based mutual Wesleyan has appointed Ahmed Farooq as its new chief finance officer.

In his new role, Mr Farooq will oversee all aspects of the financial strength and performance of the business as part of the financial services firm's growth plans in its target markets of doctors, dentists, lawyers and teachers.

He takes responsibility for finance, actuarial and investments divisions and will report directly into group chief executive Craig Errington.

Having headed up the finance divisions of both Resolution and the Pearl Group, Mr Farooq joined the Wesleyan in 2010.

Prior to this latest appointment, he was managing director of the general insurance business within the group.

He is also chairman of the Birmingham Business Professional Services Board.

Mr 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."

Mr Farooq 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."