Seven Investment Management has appointed Adrian Grace as chairman of its board, replacing Ian Owen as he approaches five years at the helm.
Mr Grace, who was chief executive of Aegon UK up until his retirement in March this year, has been in the financial services industry for 40 years.
Dean Proctor, chief executive at 7IM, said: “I’m hugely excited to welcome Adrian and have someone of his calibre and know-how join the 7IM Board.
“He brings with him vast industry experience, in particular his track record of bringing together and integrating technology and financial service solutions – something which I believe remains key to 7IM delivering on our vision to provide an unrivalled experience to our customers and clients.”
Mr Proctor thanked Mr Owen for his “immense contribution” over the years.
Most recently, he was non-executive director and remuneration committee chair at Virgin Money, having previously held senior leadership positions at HBOS, Barclays, Sage and GE Capital.
7IM said Mr Grace brought “significant experience” and knowledge in combining technology and financial services solutions, as well as extensive mergers and acquisitions experience.
Mr Owen, former chairman of the 7IM board, said: “I’m delighted to be able to hand over to such an experienced successor.
“Adrian has my full support and I wish him all the success in the new role. I have enjoyed my term as Chairman immensely and believe that with the leadership of Dean Proctor and Adrian Grace, 7IM has an incredibly bright future.”
Mr Grace said it was a “privilege” to be joining a firm with a strong track record of innovation and a focus on technology.
He added: “I look forward to working with Dean and the rest of the board to help continue to drive 7IM forward and in particular, helping to maintain its track record of innovation and customer-orientation.”
Charlie Edwards, member of the 7IM board and director of Caledonia Private Capital, thanked Mr Owen for his “skilled and insightful chairmanship”, adding that Mr Grace had extensive insight and expertise in the industry acquired over a storied career in financial and technology companies.
He added: “This makes him ideally suited to the role of Chairman and we are delighted to welcome him to the board.”
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