– UK, Cirencester – St. James’s Place plc (LON: STJ) today announced the appointment of Paul Manduca to its Board as a Non-Executive Director and Chair designate on 1 January 2021. He will succeed Iain Cornish as Chair at the conclusion of the 2021 AGM.
“‘I am delighted that our thorough search process has resulted in the selection of Paul Manduca as our next Chair. He has extensive boardroom experience across the financial services sector and his expertise will be invaluable to St. James’s Place.” said Roger Yates, Senior Independent Director.
The Board and I would like to thank Iain for his service to St. James’s Place as Chair and as a Director since 2011. We have benefited immensely from his wise counsel and guidance during that period.”
Iain Cornish commented: “It has been a huge privilege to chair the Board at St. James’s Place. I will leave behind a strong Board and management team running a successful company with a great future. I welcome Paul to St. James’s Place and wish Paul, the Board and SJP every success in the future.”
About Paul Manduca
Paul Manduca is currently Chairman of Prudential plc, a position he has held since July 2012, having joined the Board as Senior Independent Director in October 2010. He is due to step down from Prudential plc on 31 December 2020.
Prior to Prudential plc, Paul held a number of senior leadership roles in business and financial services. He was the founding CEO of Threadneedle Asset Management Limited, Global CEO of Rothschild Asset Management and European CEO of Deutsche Asset Management. He has served as Senior Independent Director of Wm Morrison Supermarkets Plc, Chairman of Henderson Diversified Income Limited and a Non-executive Director of KazMunaiGas Exploration & Production. He is currently Chairman of Templeton Emerging Markets Investment Trust.
Paul Manduca said: “I am honoured to be asked to join the Board and to become Chair of St. James’s Place. I have long admired St. James’s Place for the unique service it offers to its clients of expert financial advice and a distinctive approach to investment management. I look forward to working with the whole SJP community as St. James’s Place continues its development as the leading provider of long-term financial planning at a time when the need for this is greater than ever.”
About Paul Manduca
Paul is currently Chairman of Prudential plc, a position he has held since July 2012, having joined the Board as Senior Independent Director in October 2010. He is due to step down from Prudential plc on 31 December 2020.
He has served as chairman of the Association of Investment Companies (1991 to 1993), founding CEO of Threadneedle Asset Management Limited (1994 to 1999), global CEO of Rothschild Asset Management (1999 to 2002), and director of Eagle Star and Allied Dunbar, as well as holding the offices of European CEO of Deutsche Asset Management (2002 to 2005), chairman of Bridgewell Group plc and a director of Henderson Smaller Companies Investment Trust plc.
Other previous appointments include the chairmanship of Aon UK Limited and JPM European Smaller Companies Investment Trust Plc. From September 2005 until March 2011, Paul was a non-executive director of Wm Morrison Supermarkets Plc, including as senior independent director, audit committee chairman and remuneration committee chairman. He was a non-executive director and audit committee chairman of KazMunaiGas Exploration & Production until the end of September 2012 and chairman of Henderson Diversified Income Limited until July 2017.
About St. James’s Place plc
St. James’s Place aims to be the most professional and trusted wealth management adviser. In the increasingly complex financial environment we believe high quality, face-to-face advice is important for everyone. Delivered by our Partners, our advice covers financial, investment and tax planning individually tailored to a client’s lifestyle goals and stage of life. It also provides access to our own range of investment products, which are designed to manage risk and provide consistent returns over the medium-to long-term. Since we were founded in 1992, we’ve grown rapidly to be the largest company in our sector in the UK, with over £118.7bn of client funds under management as at 30 September 2020.
For more information : https://www.sjp.co.uk/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.