Tony Welch

Tony Welch serves as the Chief Procurement Officer at Lloyd's since November 2016, where significant achievements include delivering over 35% in cost savings through strategic sourcing, improving supplier performance by 35%, and reducing cycle times by 43% through P2P automation. Prior to Lloyd's, Tony was the Group Head of Procurement at Close Brothers, successfully managing a £230M budget procurement transformation and generating £21M in cost reductions. Tony's earlier roles include leadership positions at JLT Group, Accenture, and Willis Towers Watson, where a track record of achieving substantial cost savings and improving procurement processes was established. Throughout these roles, a strong emphasis was placed on strategic supplier relationships, risk management, and continuous improvement initiatives within procurement operations.