Pendal Group has announced changes to its board as chair James Evans retires after nine years in the position.
In an announcement to the Australian Securities Exchange (ASX), Pendal said Evans’ decision to step down followed the finalisation of the TSW acquisition.
Evans joined the board in 2010 and was appointed chair in 2013.
He would be replaced by Deborah Page, who had sat on the board for eight years, and was independent non-executive director and chair of the audit and risk committee.
Page said: “During his tenure as director and subsequently chair, Jim has played a valuable role in the development of Pendal Group from a newly-listed domestic company in Australia to an independent global business.
“The board and I look forward to continuing to work with the excellent management team at Pendal Group to deliver on our strategic growth initiatives. As flagged out at annual general meeting, a significant amount of work has already been undertaken to drive greater scale and diversification, reduce risk and more optimally position the business for growth.”
Meanwhile, Ben Heap had been appointed as an independent non-exec director from 1 March, 2022.
He was also an independent non-executive director at Colonial First State Investments and independent chair of Commonwealth Bank subsidiary CBA New Digital Businesses.
He was previously managing director for UBS Global Asset Management in Australia.
