Rathbone Brothers appoints Clive Bannister to its Board as Non-Executive Director and Chairman designate

– UK, London –  Rathbone Brothers PLC (LON: RAT) announced the appointment of Clive Bannister to its Board as Non-Executive Director and Chairman Designate, effective immediately to succeed Mark Nicholls as Chairman following the 2021 GM on 6 May 2021 and subject to regulatory approval.

Mark Nicholls, the Chairman, said “Rathbones is a very special company and it has been a privilege and pleasure to serve as Chairman for the last 10 years. I would like to congratulate Clive on his appointment and look forward to working closely with him to ensure a smooth handover”.

Paul Stockton, Chief Executive, commented “I would like to welcome Clive to the Board, and I am very much looking forward to working with him as we take the business forward. On behalf of all at Rathbones, I would like to give heartfelt thanks to Mark for his outstanding contribution throughout his tenure and wish him well for the future”.

About Clive Bannister

Clive was previously CEO of Phoenix Group Plc for nine years, retiring in March 2020. Clive had a long and distinguished career at HSBC Group and was CEO of HSBC Private Banking and Group Managing Director of the Insurance and Asset Management division. In addition to Clive’s extensive executive career, he has previously been a Non-Executive Director of the Association of British Insurers, Punter Southall Group LLP, Unigestion LLP, and Ping An. Currently, he is Chairman of the Museum of London. Clive will bring a wealth of strategic, commercial, and financial experience to the board.

Clive Bannister, Chairman Designate, commented, “I am proud to be joining the Board of Rathbones which is a fine institution with a long and distinguished history in a strong position to take advantage of future growth opportunities. I am looking forward to working with Paul and the team at Rathbones, supporting them to achieve long-term success for the firm”.

About Rathbone Brothers Plc

Rathbones provides individual investment and wealth management services for private clients, charities, trustees, and professional partners. We have been trusted for generations to manage and preserve our clients’ wealth. Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognized as the UK’s most responsible wealth manager.

Rathbones has over 1,500 staff in 15 UK locations and Jersey; its headquarters is 8 Finsbury Circus, London.

For more information: https://www.rathbones.com

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