Digital Discussion: Examining the role of the fund board chair, 21 March 2023
An evolving governance role in board effectiveness
Digital Meeting: 2pm, 21 March 2023
This FCA-designated senior manager function is currently held by over 70 individuals appointed as chairs of fund boards of UK authorised fund managers, whose role has grown markedly from supervising a product subsidiary regulated entity to one that also includes distribution governance, ESG/sustainability, operations, conduct and culture, to name a few.
Drawing heavily on the recently released FBC Fund Board Composition database, this hour-long webinar will explore this evolving role of the chair, the impact of various regulatory intervention including the seminal Asset Management Market Study, and also reflect on some of the key aspects of what makes for a successful fund board chair.
Four experienced fund board chairs will make up the panel of this FBC digital meeting, being moderated by FBC’s Shiv Taneja.
Contributors
Distribution Governance Director for M&G.
Headquartered in London, M&G distributes a range of Retail and Institutional products globally, operating from offices across Europe, America and Asia.
Laurence has been a Board member of M&G Securities Limited (MGSL) since 2004 and currently Chair. MGSL is the ACD for M&G’s range of OEIC mutual funds, which currently consist of approximately 55 sub-funds with £35bn assets under management. Day-to-day responsibility is focussed on governance and regulatory control to support the product offering and distribution teams.
Laurence is also Chair of the fund Boards for two M&G UCITS SICAVs which have growing importance to M&G in the post BREXIT set-up.
Laurence is a chartered accountant and joined M&G in 2000 having previously worked at PricewaterhouseCoopers.
Fund Board Chair at Jupiter Asset Management
Phil Wagstaff is Global Head of Distribution at Jupiter Asset Management, with previous Global Head of Distribution roles at Janus Henderson Investors and Gartmore.
Phil also has Managing Director experience, having worked in these roles for both New Star Asset Management and M&G Investments.
Independent Chair of BNY Mellon Fund Managers
Carole has over thirty years of experience in financial services.
Carole grew up in Africa and read Mathematics and Statistics at the University of Cape Town. Her executive career began in asset management with Allan Gray before moving to leadership roles in the asset and fund management business of Old Mutual, including Chief Investment Officer. She joined Willis Towers Watson in 2002, with an initial focus on Thought Leadership Research, before taking on a senior leadership role providing strategic and governance advice to asset owner Boards globally.
Carole also has non-executive roles with the BNY Mellon Luxembourg fund management business and is on the Investment Committee at Nucleus Financial.
Nicola Palios is a lawyer by training, who focused primarily on advising bank and fund clients in the early part of her career. She helped to build the private wealth and fund administration businesses of the Mourant Group, becoming CEO in 2003. In 2009/10 the businesses owned by the group, which by then had around 1,200 employees across 10 jurisdictions, were sold, following which Nicola developed a consultancy business advising private equity funds on acquisitions in the trust company and fund administration space. She was a non executive director of Sanne Group at the time of its successful IPO through to it’s take private by Apex in 2022. She is currently Chair of the Thesis group of companies and a non-executive director of the Suntera Group holding company.
Registration:
This event is open to members and non-members of FBC. Register online here.
If you have an enquiry regarding this event, please do get in touch with us at contact@fundboards.org.