Close Brothers Group PLC Directorate Change (1972K)
December 31 2020 - 1:00AM
UK Regulatory
TIDMCBG
RNS Number : 1972K
Close Brothers Group PLC
31 December 2020
Directorate change
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The board of directors of Close Brothers Group plc ("Close
Brothers" or the "Company") is pleased to announce the appointment
of Mark Pain as an independent non-executive director with effect
from 1 January 2021.
On joining the board, Mark will become a member of the board's
Nomination & Governance and Risk Committees, and will also
become the Company's Senior Independent Director. At the same time,
and consistent with the Company's other independent non-executive
directors, he will also become a director of the Company's Banking
subsidiary, Close Brothers Limited.
Mark Pain has more than 30 years' executive and non-executive
experience in financial services, including in retail banking and
insurance. He has strong finance, risk management and commercial
credentials, having held board positions at Barratt Developments
plc, where he was Group Finance Director, and Abbey National Group,
where he was Group Finance Director, Chief Executive Officer of
Abbey National Treasury Services, and Director, Customer Sales.
Mark has broad experience as a non-executive director in both
public and private companies. He has previously been a
non-executive director of Yorkshire Building Society (where he
served as Senior Independent Director), Ladbrokes Coral Group plc,
Punch Taverns plc, Spirit Pub Company plc, Johnston Press plc, and
Aviva Insurance Limited, among others.
Mark is currently a non-executive director of AXA UK plc, where
he serves on the Audit, Investment, Remuneration, Nomination, and
Risk Committees. He is Chairman of London Square Limited and
Empiric Student Property plc.
Mark takes over as the Company's Senior Independent Director
from Oliver Corbett, who has held the position on an interim basis
since the retirement of Geoffrey Howe from the board on 19 November
2020. Oliver continues to chair the board's Audit Committee.
Mike Biggs, Chairman of Close Brothers, commented: "I am
delighted to be welcoming Mark to the Close Brothers board. He
brings very extensive experience of the financial services sector,
and as a listed company non-executive director including as a
senior independent director. Mark's appointment further strengthens
the range of skills and expertise represented on the board, and I
look forward to working with him in the years ahead. On behalf of
the board, I would like to thank Oliver Corbett for carrying out
the role of Senior Independent Director since November."
Mark Pain said: "I am very pleased to be joining the board of
Close Brothers. Close Brothers has a long and successful track
record under-pinned by its distinctive purpose and culture. I look
forward to working with the board and senior management to play a
part in the continuing development of the group."
No other information is required to be disclosed pursuant to
paragraph 9.6.13R of the Listing Rules in relation to Mark's
appointment as a director of Close Brothers.
Enquiries
Company Secretary and Head
of Legal
(Corporate & Bank Retail)
Alex Dunn Close Brothers Group plc 020 3857 6057
Director of Investor Relations
Sophie Gillingham Close Brothers Group plc 020 3857 6574
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 3,500 people, principally in the UK. Close
Brothers Group plc is listed on the London Stock Exchange and is a
member of the FTSE 250.
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END
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