– UK, London – Schroders Plc (LON: SDR), today announces the appointment of Matthew Westerman and Claire Fitzalan Howard to the Board as a non-executive Directors, respectively on 9 March 2020 and on 30 April 2020.
Matthew will stand for election at the Annual General Meeting on 30 April 2020 and will be a member of the Audit and Risk Committee and the Nominations Committee. He has significant experience in the banking industry, having held senior positions at Rothschilds, Goldman Sachs and HSBC.
Claire Fitzalan Howard will join the Board subject to her election at the AGM and will be a member of the Nominations Committee.
“I welcome Matthew Westerman to the Board. We look forward to benefitting from his broad experience of financial markets and in senior management roles in Asia and Europe. Claire Fitzalan Howard’s appointment reflects the commitment to Schroders of the principal shareholder group, which has been an important part of Schroders’ success over the long term, and I welcome her to the Board.” said Michael Dobson, Chairman.
The Board’s stated position is that having two members of the family serving on the Board benefits the Company in aligning interests and reinforcing long term thinking. The Nominations Committee consulted with the trustees of the family trusts and other members of the principal shareholder group. Following those consultations, the trustees of the family trusts confirmed their support for Claire to join the Board.
Philip Mallinckrodt will retire as a Director at the conclusion of the AGM on 30 April 2020. Having initially joined Schroders in 1994 and served in a number of senior executive positions, Philip was an executive Director from 2009 until 2017 and has been a non-executive Director and a member of the Nominations Committee since then.
“I would like to thank Philip for his commitment and contribution to Schroders for over 24 years,” said Michael Dobson, Chairman.
Following these appointments, Schroders will have a majority of independent non-executive Directors on the Board, in line with the Company’s policy.
About Matthew Westerman
Matthew Westerman started his career in 1986 at Credit Suisse First Boston. He subsequently worked at Rothschild & Co where he became Managing Director and Joint Chief Executive of ABN AMRO Rothschild. He joined Goldman Sachs in 2000 where he was a Partner for 14 years, a member of the European and Asian Management Committees and of the Partnership Committee and during his tenure led substantial businesses within the Investment Banking Division.
He left Goldman Sachs in 2016 to become Co-Head of Global Banking at HSBC. He left in 2017 and is currently a director of MW&L Capital Partners, a private investment company. He is Chairman of the Board of Trustees of the Imperial War Museum and a Foundation Fellow of Balliol College, Oxford.
About Claire Fitzalan Howard
Claire Fitzalan Howard began her career at Kleinwort Benson, where she worked from 1982 to 1987. She subsequently joined Gauntlet Insurance Services, an insurance broking company specialising in high net worth clients, where she had an executive role until 1996 and was a Non-executive Director from 2004 until 2019. She is a Non-executive Director of Caledonia Investments PLC and a trustee of a number of charitable foundations and trusts.
For more information: https://www.schroders.com
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