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Board moves through March 15


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Board moves through March 15

S&P Global Market Intelligence presents an overview of board changes at European financial institutions. The changes are listed by announcement date in reverse chronological order.

March 15

* TryghedsGruppen smba nominated Karen Bladt, Claus Wistoft and Ida Sofie Jensen for the supervisory board of Tryg A/S on March 14. The annual general meeting elected them and five other independent members to the board: Jukka Pertola, Torben Nielsen, Lene Skole, Mari Thjømøe and Carl-Viggo Östlund. Pertola was appointed chairman and Nielsen deputy chairman. Employees elected four members to the supervisory board: Elias Bakk, Tom Eileng, Lone Hansen and Tina Snejbjerg.

March 14

* Malcolm Williamson, currently Charter Court Financial Services Group PLC chairman, will hold the same post in the combined entity resulting from the U.K.-based company's merger with OneSavings Bank PLC. OneSavings Chairman David Weymouth, meanwhile, will become deputy chairman of the enlarged entity. Charter Court Deputy Chairman Philip Jenks will become an adviser for a maximum of 12 months.

* Network International LLC plans to appoint an additional independent nonexecutive director, while Emirates NBD Bank PJSC also has the right to nominate an additional director.

* Safe Harbour Holdings PLC appointed James Brotherton executive director, effective Aug. 1. Brotherton has been CFO at building products company Tyman PLC since 2010.

* The honorary chairman of Banco Bilbao Vizcaya Argentaria SA Francisco González, has temporarily stepped down from his position.

* Panagiotis Roumeliotis resigned from the board of Attica Bank SA, having held the post of chairman since September 2016. The board will meet March 18 to appoint Roumeliotis' replacement and to schedule a general meeting to elect a new board.

March 13

* Standard Life Aberdeen PLC's Martin Gilbert, who served as co-CEO with Keith Skeoch, will become vice chairman of the group and chairman of Aberdeen Standard Investments Ltd. He will report to Chairman Douglas Flint. Bill Rattray is retiring from the group's board. Stephanie Bruce will replace Rattray as executive director, effective June 1 and subject to election at the group's May 14 annual general meeting. She has been a partner at PwC since 2002 and a member of its assurance executive since 2016, leading the financial services practice in the U.K. In addition, Richard Mully is retiring from the group's board at the end of the AGM; he had been a director of Aberdeen Asset Management since 2012.

* Ariane de Rothschild will be proposed as chairwoman of Edmond de Rothschild (Suisse) SA's board of directors, while Benjamin de Rothschild will remain chairman of Edmond de Rothschild Holding SA. Benoit Dumont and Katie Blacklock, board members of Edmond de Rothschild Holding, will also be nominated as members of the Swiss bank's board, while Klaus Jenny will not stand for re-election.

* Marex Spectron Group Ltd. named Carla Stent nonexecutive chair of the group board. Stent replaces Simon Heale, who resigned in December 2018. She has been on the board for four years, and was until recently the chair of the audit and compliance committee.

* Landsbankinn hf.'s Jón Guðmann Pétursson resigned from the board. Pétursson was elected to the board in April 2016.

* AIB Group PLC appointed Tomás O'Midheach an executive director, effective March 13. O'Midheach is the COO and deputy CEO of the company. He has served at Citibank in the U.K., Spain and Ireland.

March 12

* Romeo Lacher will step down as chairman of the board of SIX Group AG at the Swiss stock exchange operator's AGM by 2020. Lacher is in line to become the new chairman of Swiss banking group Julius Bär Gruppe AG in April. Until his departure, Lacher will continue to assist in the Swiss bourse's transformation, which is at an advanced stage. A replacement for Lacher, who has been SIX Group's chairman since 2017, will commence shortly.

* Bente Avnung Landsnes has been nominated as a candidate for the board of Danske Bank A/S. Landsnes will retire as CEO of Oslo Børs VPS Holding ASA unit Oslo Børs ASA in April, together with the appertaining directorships.

* Hastings Group Holdings PLC's Ian Cormack will not seek re-election to the board at the May 23 annual general meeting due to broader commitments. The company does not intend to seek a replacement at this stage.

March 11

* ING Groep NV will propose the appointment of Mike Rees and Herna Verhagen as members of the supervisory board to the 2019 annual general meeting on April 23. Upon decisions by the meeting, Rees' appointment will be effective as of the end of the meeting and Verhagen's as per Oct. 1. The two appointments have been approved by the ECB. Rees is the founder of Strategic Vitality Ltd., and has served as a deputy CEO at Standard Chartered PLC. Verhagen is the CEO of PostNL, and currently serves as a supervisory board member of Rexel S.A. and the Concertgebouw, and the board member of Confederation of Netherlands Industry and Employers. Also, Henk Breukink will retire from the supervisory board at the end of the meeting after completing his third four year term, and Mariana Gheorghe will be proposed for a reappointment.

* Cenkos Securities PLC appointed Jeremy Miller as an independent, nonexecutive director subject to regulatory approval and to the approval of the U.K. Financial Conduct Authority. His appointment is effective May 15. Miller has held senior roles at Centerview Partners LLC, including that of a London COO, and currently chairs The National Merchant Buying Society.

March 10

* Former Silicon Valley Bank COO Bruce Wallace and Deloitte veteran Caroline Britton have joined Revolut Ltd. as nonexecutive directors.