M&G has appointed a mergers and acquisitions specialist as its permanent chairperson to replace Mike Evans who left for health reasons in 2021.
The firm announced today (February 24) that Edward Braham will take up the position on March 14, taking over from interim chairperson Fiona Clutterbuck, who will resume her role as senior independent director.
M&G has been looking for a new chairperson since April when Evans left as a result of stress-related illness.
Braham was most recently a senior partner at law firm Freshfields Bruckhaus Deringer, where he was also global head of the group’s corporate practice.
He also led the firm’s growth into the US, establishing a new office in Silicon Valley.
Braham is currently a non-executive director of industry advocacy group TheCityUK, and holds the same position in HM Treasury, as well as sitting on its audit, risk and nomination committees.
He said it is a “privilege” to be joining M&G.
Braham said: “M&G's capabilities, along with its reputation as a responsible and thoughtful investor, provide the foundations for long-term success, for the benefit of all our stakeholders."
Clutterbuck added: "Edward's experience of building international businesses while leading one of the largest global law firms, developing teams, managing stakeholders, as well as his strong transformational track record, make him a compelling choice for M&G."
John Foley, chief executive of M&G, said: "Edward's experience as an adviser and from leading a large and complex global professional services firm will be invaluable to M&G as we pursue our strategy for sustainable growth."