THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF
THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE
UNLAWFUL TO DO SO.
LEI: 2549008KZ7HM27V4O637
16 October 2024
InvestAcc Group Limited (the
"Company" or "InvestAcc")
Appointment of Independent
Non-Executive Directors
InvestAcc is delighted to announce
the appointment of three Independent Non-Executive Directors who
today join the Company's Board; John Castagno, who will also assume
the role of Senior Independent Director, Helen Copinger-Symes and
Martin Potkins.
As set out in the Company's
prospectus dated 1 July 2024, the Company confirmed its intention,
on completion of the acquisition of the InvestAcc operating group,
to appoint three Independent Non-Executive directors and comply, so
far as is practicable, with the UK Corporate Governance Code.
These appointments strengthen the Company's governance arrangements
and provide the Board with highly credible and experienced
directors who provide expertise in areas critical to the Company as
it seeks to execute its stated strategy to become the leading UK
pensions administration business.
New
Appointments:
Giovanni (John) Castagno
Giovanni (John) has over 45 years'
experience of working as an executive and non-executive with
companies such as Legal & General, BUPA, Post Office Insurance,
Tesco Bank, British Gas Insurance and Hastings Direct.
John is currently Non-Executive
Chair of Dignity Funerals Limited, Honorary Chairman of Wide Group
(Italy) and is the Senior Independent Director and Non-Executive
Chair of risk for Markerstudy Group Holdings Limited.
Helen Copinger-Symes
Helen has over 35 years' experience
in financial services, initially in fixed income capital markets,
followed by an extensive career in institutional asset management
focusing on investments for UK pension funds. She has worked for
several global investment firms including Deutsche Asset
Management, Invesco Perpetual, AllianceBernstein and State Street
Global Advisors, in addition to a boutique hedge fund.
Helen currently serves as a
Non-Executive Director on the board of Nest Corporation as well as
Chair of the Pension SuperFund Holdings and Pension SuperFund
Sponsor boards. She is also a Trustee and Chair of the Investment
Committee for DHL (UK) Foundation, overseeing the Foundation's
portfolio of assets.
Martin Potkins
Martin is a highly experienced
senior executive with particular expertise in financial services,
specifically life & pensions, general and health insurance
developed over 35+ years. His most recent executive role was as
interim CFO for Bupa where he continues to chair the UK DB pension
scheme and the Bupa Global subsidiary serving EU customers based in
Ireland.
Martin has significant experience of
complex change in a variety of different scenarios, from
established businesses (based in UK and worldwide) impacted by
regulatory change, to acquisitive concerns requiring structural
transformation and cultural change.
Commenting on the appointments, Executive Chairman Mark
Hodges, said:
We
are delighted to welcome John, Helen and Martin to the board and
are very much looking to working alongside them at this exciting
time in the development of the Company.
Governance enhancements:
These appointments demonstrate the
Company's ongoing commitment to maintaining a high standard of
governance and further strengthen the Board's expertise in areas
critical to the Company's strategic objectives.
The Board is confident that John,
Helen and Martin bring a wealth of knowledge and diverse experience
that will further enhance the Company's ability to deliver
long-term value for shareholders.
Effective on their appointment, the
Company has established four committees, an Audit Committee, Risk
Committee, Nomination Committee and a Remuneration Committee and
elected John to be appointed as Senior Independent Non-Executive
Director and Helen to be appointed as the Designated Workforce
Director.
The Committee composition is as
follows:
|
Audit Committee:
Martin Potkins (Chair)
John Castagno
Helen Copinger-Symes
|
Risk Committee:
John Castagno (Chair)
Martin Potkins
Helen Copinger-Symes
|
|
Nomination Committee:
Mark Hodges (Chair)
Helen Copinger-Symes
Martin Potkins
John Castagno
|
Remuneration Committee:
Helen Copinger-Symes
(Chair)
Martin Potkins
John Castagno
|
Enquiries:
Company Secretary - + 44
(0) 207 004 2700
Antoinette Vanderpuije
FGS
Global - PR Adviser
Rollo Head
07768 994 987
Chris Sibbald 07855 955 531
Panmure Liberum Limited (Corporate Broker) - + 44 (0) 203
100 2000
Chris Clarke / Ed Thomas / Anake
Singh
Zeus Capital Limited (Corporate Broker) - + 44 (0) 207
220 1666
Harry Ansell / Katy
Mitchell
Notes
John
Castagno
Giovanni (John) Castagno (aged 65
years) currently holds or has held the following directorships in
the past five years:
Current Directorships
Nosrat Consultancy Services
Limited
Hub Investment Holdings Limited
Dignity Funerals Limited
Dignity Group Holdings Limited
Wide Group (Italy) Srl
Markerstudy Group Holdings Limited
Past Directorships
Markerstudy Insurance Services
Limited
BFSL Limited
Brightside Insurance Services
Limited
Clegg Gifford & Co
Limited
Affinity Insurance Solutions
Limited
BISL Limited
Insurance Factory Limited
ACM ULR Limited
Hub Investment Holdings
Limited
Post Office Management Services
Limited
John was appointed as a director of Simple and Open Limited on 25
September 2013, the company was dissolved via voluntary strike off
on 24 March 2020.
There are no further details to be
disclosed under UKLR 6.4.8 (if such provision were applicable to
companies whose shares are admitted to the equity shares
(transition) category of the Official List) in respect of the
appointment of John Castagno.
Helen
Copinger-Symes
Helen Clare Copinger-Symes (aged 57 years) currently holds or has held the following
directorships in the past five years:
Current Directorships
Nest Corporation
PSF Holdings Limited
PSF Sponsor Limited
The DHL UK Foundation
Past Directorships
The Rifles Regimental Museum
Trust
There are no further details to be
disclosed under UKLR 6.4.8 (if such provision were applicable to
companies whose shares are admitted to the equity shares
(transition) category of the Official List) in respect of the
appointment of Helen Copinger-Symes.
Martin
Potkins
Martin Potkins (aged 63 years)
currently holds or has held the following directorships in the past
five years:
Current Directorships
BUPA Home Healthcare Pension Scheme
Trustee Limited
Cromwell Hospital Retirement Plan
Trustee Limited
BUPA Pension Scheme Trustees
Limited
BUPA Global DAC
Past Directorships
BUPA Limited
BUPA Investments Overseas
Limited
BUPA Investments Limited
BUPA Finance Plc
BUPA International Markets
Limited
British United Provident Association
Limited
Which? Financial Services
Limited
There are no further details to be
disclosed under UKLR 6.4.8 (if such provision were applicable to
companies whose shares are admitted to the equity shares
(transition) category of the Official List) in respect of the
appointment of Martin Potkins.
