Rubin has been a TAL director since 2007 and has been the chairman of the investment committee and a member of the technology and innovation committee.

During that period TAL has seen the introduction of new shareholder Dai-ichi Life in 2008, with Dai-ichi Life moving to being 100% shareholder in May 2011.

Commenting on the resignation, TAL chairman Rob Thomas said: "Rubin has been an outstanding director for TAL and made a tremendous contribution during a period of major evolution and growth for TAL. We sincerely thank her for her teamwork, expertise, hard work and dedication, and wish her every success in future."

TAL is a life insurance company with competitive offerings in each of its core distribution channels: direct to customers; through financial advisers; and through group and workplace superannuation schemes.

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