REG - Rathbones Group PLC - Directorate Change

RathbonesAnnouncement

29/09/2023 07:00

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RNS Number : 0791O  Rathbones Group PLC  29 September 2023

 

 

 

Rathbones Group Plc

Directorate Change

 

Appointment of Group Chief Financial Officer

After four and a half years as Group Chief Financial Officer and Executive
Director, the board of Rathbones Group Plc ("Rathbones") announces that
Jennifer Mathias will step down from the board on 31 December 2023 and
transition to the new position of Group Chief of Staff to support the
integration of Investec Wealth & Investment Limited ("IW&I UK"). For
the remainder of her term as Group Chief Financial Officer and Executive
Director, Jennifer will continue to receive remuneration and benefits in line
with the terms of her service agreement and the Directors' Remuneration Policy
as published on rathbones.com.

 

The Board has appointed Iain Hooley as Jennifer's successor, subject to
regulatory approval. Iain was Finance Director of IW&I UK for more than a
decade and was appointed CEO of IW&I UK in February of this year and these
responsibilities will continue during the integration period. Iain has been a
key individual in IW&I UK's success and has played an integral role in the
significant growth of the business.

 

During the intervening period, Jennifer and Iain will continue to work closely
to ensure there is a smooth transition. Jennifer will remain a member of
Rathbones' Group Executive Committee in her new role.

 

This change is being made to support the integration with Investec Wealth
& Investment UK. The Rathbones Group Plc Board today has two executive
directors, and we wish this governance model to continue. It is important to
the Board and both businesses that our ongoing board representation reflects
the shape of the business post-combination, and equally important that we set
a clear leadership model at executive level in order to be well positioned to
achieve the objectives we have set out.

 

Clive Bannister, Chair of Rathbones, commented:

"During Jennifer's tenure, Rathbones has firmly established itself as the
leading UK wealth manager and, on behalf of the board, I would like to thank
her for her unfailing commitment and the dedication she has provided to
Rathbones in this role over the past four years.

 

"We are pleased to announce that Iain will succeed Jennifer as Group Chief
Financial Officer, subject to regulatory approval. Iain has built up
considerable industry and finance experience and has a deep knowledge of
IW&I UK, its values and culture. I wish him every success as he takes on
his new responsibilities."

 

Jennifer Mathias commented:

"It has been my privilege to serve on the Board, to lead the finance team and
work alongside the many talented professionals who compose Rathbones. I am
immensely grateful for their considerable contribution to our success over the
past four and a half years and am very proud of what we have achieved
together. I look forward to working closely with Iain through the transition
to the year end, and beyond in my new role as Group Chief of Staff where I
will be working, with the executive team, across all parts of the combined
business to help achieve our strategic objectives."

 

Iain Hooley commented:

 

"The opportunity to join the leadership team of such a prominent and
well-respected business is very exciting. Our clients and stakeholders place
considerable trust in our ability to deliver to them the highest-quality
service and reliable investment outcomes. I very much look forward to
continuing to work with the board, our executive team and my colleagues to
build on our position as the UK's leading discretionary wealth manager."

 

29 September 2023

 

For further information contact:

 

Paul Stockton, Group Chief Executive

Ali Johnson, Group Company Secretary

 

 

Camarco (Communications adviser to Rathbones)

Tel: 020 3757 4984

Email: ed.gascoigne-pees@camarco.co.uk

 

Ed Gascoigne-Pees

Julia Tilley

 

 

 

 

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