Close Brothers Group PLC Board changes (3319Z)
March 14 2017 - 3:01AM
UK Regulatory
TIDMCBG
RNS Number : 3319Z
Close Brothers Group PLC
14 March 2017
Board changes
Close Brothers is pleased to announce that Mike Biggs has been
appointed an independent non-executive director and Chairman
designate of the group. He joins the Board as a director today, 14
March 2017, and will become Chairman of the Board effective 1 May
2017.
Mike will succeed Strone Macpherson, who has confirmed his
intention to step down effective 30 April 2017. Strone has been a
non-executive director of the group since 2003 and Chairman since
2008, and has successfully overseen the group's development and the
consistent execution of its strategy during this period. The Board
would like to thank him for his unwavering commitment and very
substantial contribution to the group over many years and wish him
every success for the future.
Mike has been Chairman of Direct Line Insurance Group plc since
2012 and has over 40 years' experience of the financial services
industry. He was previously Chairman of Resolution Limited, the
FTSE 100 UK life assurance business, and has acted as both Chief
Executive Officer and Group Finance Director of Resolution plc.
Prior to that he was Group Finance Director of Aviva plc.
Mike has been appointed a member of the Nomination and
Governance Committee from 14 March 2017, a member of the Audit,
Risk and Remuneration Committees from 14 March until 1 May 2017,
and will become Chairman of the Board and of the Nomination and
Governance Committee on 1 May 2017.
Strone Macpherson, Chairman, said: "I am delighted to announce
the appointment of Mike as Chairman of Close Brothers. He comes
with a strong reputation and broad experience of the financial
services industry, and I am confident he will be a great asset to
the organisation."
Mike Biggs, Chairman designate, said: "I am honoured to have
been appointed Chairman of Close Brothers, which is a
long-established, high quality group with an enviable track record,
and I look forward to overseeing the continued evolution of its
successful business model over the coming years."
There is no further information required to be disclosed
pursuant to Listing Rule 9.6.13R.
Enquiries
Close Brothers Group
Sophie Gillingham plc 020 7655 3844
Close Brothers Group
Nicholas Jennings plc 020 7655 3487
Andy Donald Maitland 020 7379 5151
About Close Brothers
Close Brothers is a leading UK merchant banking group providing
lending, deposit taking, wealth management services and securities
trading. We employ over 3,000 people, principally in the UK. Close
Brothers Group plc is listed on the London Stock Exchange and is a
member of the FTSE 250.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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