LONDON, UK: M&G plc, the international savings and investment business, announced that Edward Braham will become Chair of the Board with effect from 14 March 2022.
He will take over from Fiona Clutterbuck, who has been Interim Chair since January 2021, and will now resume her role as Senior Independent Director.
Edward was the Senior Partner of Freshfields Bruckhaus Deringer, the global law firm, and before that was global head of its corporate practice. While Senior Partner, he headed the firm’s strategic growth in the US, including establishing a new office in Silicon Valley. Edward also led on culture, diversity and ESG. He is a leading international M&A lawyer, with experience in many industries including financial services.
Edward is a non-executive Director of TheCityUK, where he chairs the International Trade and Investment Group and is a member of the Remuneration and Nomination Committee. He has also recently become a non-executive board member of HM Treasury and a member of its Audit and Risk and Nominations Committees.
The appointment has been approved by the PRA and FCA.
Fiona Clutterbuck, Interim Chair of M&G says: “Edward’s experience of building international businesses while leading one of the largest global law firms, developing teams, managing stakeholders, as well as his strong transformational track record, make him a compelling choice for M&G.”
Edward comments on his appointment: “It is a privilege to be joining M&G at this point in its history. M&G’s capabilities, along with its reputation as a responsible and thoughtful investor, provide the foundations for long-term success, for the benefit of all our stakeholders.”
John Foley, Chief Executive of M&G, says: “I am delighted to welcome Edward to M&G and would like to thank Fiona for her leadership as Interim Chair for the past 15 months. Edward’s experience as an adviser and from leading a large and complex global professional services firm will be invaluable to M&G as we pursue our strategy for sustainable growth.”