LONDON: Rathbones Brothers Plc announced the appointment of Clive Bannister as Chairman Designate and Non-Executive Director of the Company.
Clive will join the Board with immediate effect. It is intended that he will succeed Mark Nicholls as Chairman following the conclusion of the 2021 Annual General Meeting on 6 May 2021, subject to regulatory approval.
Clive was previously CEO of Phoenix Group Plc for nine years, retiring in March 2020. Clive had a long and distinguished career at HSBC Group and was CEO of HSBC Private Banking and Group Managing Director of the Insurance and Asset Management division.
In addition to Clive’s extensive executive career, he has previously been a Non-Executive Director of the Association of British Insurers, Punter Southall Group LLP, Unigestion LLP and Ping An. Currently, he is Chairman of the Museum of London. Clive will bring a wealth of strategic, commercial and financial experience to the board.
Mark Nicholls, Chairman, said, “Rathbones is a very special company and it has been a privilege and pleasure to serve as Chairman for the last 10 years. I would like to congratulate Clive on his appointment and look forward to working closely with him to ensure a smooth handover”.
Paul Stockton, Chief Executive, commented “I would like to welcome Clive to the Board, and I am very much looking forward to working with him as we take the business forward. On behalf of all at Rathbones, I would like to give heartfelt thanks to Mark for his outstanding contribution throughout his tenure and wish him well for the future”.
Clive Bannister, Chairman Designate, said, “I am proud to be joining the Board of Rathbones which is a fine institution with a long and distinguished history in a strong position to take advantage of future growth opportunities. I am looking forward to working with Paul and the team at Rathbones, supporting them to achieve long-term success for the firm”.
Clive will join the Nomination and Group Risk Committee, chairing the former following Mark’s retirement.