REG - Investacc Group Ltd. - Appointment of Independent Non-Executive Directors

InvestAccAnnouncement

16/10/2024 07:00

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RNS Number : 2988I  Investacc Group Limited  16 October 2024

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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:         Risk Committee:

 Martin Potkins (Chair)   John Castagno (Chair)

 John Castagno            Martin Potkins

 Helen Copinger-Symes     Helen Copinger-Symes
 Nomination Committee:    Remuneration Committee:

 Mark Hodges (Chair)      Helen Copinger-Symes (Chair)

 Helen Copinger-Symes     Martin Potkins

 Martin Potkins           John Castagno

 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.

 

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