Board of Directors

The Board consists of a Non-Executive Chairman, four Executive Directors and five other Non-Executive Directors.

Non-Executive Chairman

Rupert Pennant-Rea

BA (Econ), MA (Econ) – Chairman since March 2005 and Non-Executive Director since October 2004. Chairman of the Nomination Committee.

Experience

Mr Pennant-Rea has extensive financial and business experience. He was Deputy Governor of the Bank of England from 1993 to 1995, prior to which he spent 16 years with The Economist, where he was editor from 1986 to 1993. Mr Pennant-Rea was appointed Non-Executive Chairman of the Economist Group in July 2009. His other directorships include Go-Ahead Group plc and Gold Fields Limited (South Africa). He was appointed as a Non-Executive Director of Hochschild Mining plc on 1 September 2011.

Executive Directors

Andrew Formica

BA (Econ), MA (Econ), MBA, FIAA, FIA – Chief Executive. Executive Director since November 2008.

Experience

Mr Formica has been in the fund management industry since 1993. He has held various senior roles with the Henderson Group in the past 12 years and he has been a member of the Executive Committee since 2004. Prior to being appointed Chief Executive of the Company, he was Joint Managing Director of the Listed Assets business (from September 2006) and was Head of Equities (since September 2004). In the early part of his career, he was an equity manager and analyst for the Henderson Group.

Shirley Garrood

BSc, ACA, MCT – Chief Financial Officer. Executive Director since August 2009.

Experience

Mrs Garrood is a chartered accountant and corporate treasurer and has worked in the City for over 30 years. She joined the Henderson Group in 2001 and has been a member of the Executive Committee since 2002, formerly as Chief Operating Officer. Prior to this, she was Chief Operating Officer at Morley Fund Management (Aviva) and trained as an accountant with KPMG.

David Jacob

BSc (Econ), CFA – Managing Director, Henderson Investment Management and Chief Investment Officer. Executive Director since May 2011.

Experience

Mr Jacob joined Henderson Group in January 2005 as Head of Fixed Income. In 2006, he was appointed Joint Managing Director of the Listed Assets business and has been a member of the Executive Committee since 2005. Mr Jacob is now the Chief Investment Officer and Managing Director of Investment Management and is responsible for equities and fixed income investment, operations and IT. He also oversees the development of Henderson’s North American business. Before joining Henderson Group, he was Head of Fixed Income for UBS Global Asset Management, Europe and UK.

James Darkins

BA (Hons) – Managing Director, Property. Executive Director since May 2011.

Experience

Mr Darkins joined AMP in 1998, before AMP’s acquisition of Henderson Group, as Head of Property in New Zealand. Mr Darkins was subsequently appointed Head of Property for Asia based in Sydney, before taking up his current role in London in 2001 and has been a member of the Executive Committee since that date. Over the course of his career, Mr Darkins has worked in a number of property and building related companies in the UK and New Zealand, including 18 years in the property investment and development industry.

Non-Executive Directors

Duncan Ferguson

MA (Cantab), FIA, DipAgSci – Independent Non-Executive Director since July 2004. Chairman of the Board Risk Committee and a member of the Audit, Nomination and Remuneration Committees.

Experience

Mr Ferguson is an experienced actuary. Mr Ferguson’s career was in senior management of insurance companies and as a consulting actuary. He was Senior Partner of Bacon & Woodrow which became B&W Deloitte, from 1994 to 2003. Mr Ferguson is a Fellow of the Institute of Actuaries. He served on the Council of the Institute from 1989 to 2000 and as President from 1996 to 1998. He was also a Non-Executive Director of Halifax from 1994 until it merged with Bank of Scotland in 2001 and then of HBOS Financial Services until December 2007. He resigned as a Non-Executive Director of Windsor Life on 28 February 2011. Mr Ferguson is the Senior Independent Director of The Royal London Mutual Insurance Society Limited and Chairman of both the Phoenix Group and Guardian Assurance With-Profits Committees.

Tim How

MA (Cantab), MSc – Independent Non-Executive Director since November 2008. Senior Independent Director, Chairman of the Remuneration Committee and a member of the Audit and Nomination Committees.

Experience

Mr How has extensive business experience. He was Chief Executive of Majestic Wine PLC from 1989 until August 2008 and was formerly Managing Director of Bejam Group Plc. He was also a Non-Executive Director of Framlington AIM VCT 2 plc. Mr How is a Non-Executive Director of Dixons Retail plc and the Non-Executive Chairman of Framlington AIM VCT plc. He is also the Chairman of Rayner and Keeler Limited and Woburn Enterprises Limited and the Deputy Chairman of the Peabody Trust.

Robert Jeens

MA (Cantab), FCA – Independent Non-Executive Director since July 2009. Chairman of the Audit Committee and a member of the Nomination and Board Risk Committees.

Experience

Mr Jeens has extensive experience of financial services initially as an audit partner in Touche Ross & Co and subsequently as Finance Director of Kleinwort Benson Group plc and Woolwich plc. His previous Non-Executive appointments include the Chairman of nCipher plc and the Deputy Chairman of Hepworth plc. He was a Non-Executive Director of Dialight plc and resigned as a Non-Executive Director of Gartmore Fledgling Trust plc on 18 April 2011. Mr Jeens has been a Non-Executive Director of The Royal London Mutual Insurance Society Limited since 2003. He is currently also a Non-Executive Director of TR European Growth Trust PLC and was appointed as a Non-Executive Director of JPMorgan Russian Securities plc with effect from 14 October 2011.

Kevin Dolan

BC (Business Administration) – Independent Non-Executive Director since September 2011. Member of the Board Risk, Nomination and Remuneration Committees.

Experience

Mr Dolan has been in the financial industry for 32 years. Mr Dolan has held various executive positions, including as Chief Executive of the Asset Management Division of Bank of Ireland Group and Chief Executive of Edmond de Rothschild Asset Management. He spent 10 years with the AXA Group where he was Chief Executive Officer of AXA Investment Managers Paris, and Global Deputy Chief Executive Officer of AXA Investment Management. He was Chief Executive of La Fayette Investment Management in London from 2006 until 2009. Mr Dolan has been a Director on a number of boards in Europe and the US, including DLJ and Alliance Capital. Mr Dolan is the founding partner of Anafin LLC, an advisory firm specialising in the investment industry.

Annual Report 2009

Home

Chairman's statement

Chief Executive's statement

Business review

Board of Directors

Downloads

References to the Directors’ membership of the Board or its Committees are to Henderson Group plc.

Key

* Audit Committee member

† Nomination Committee member

# Remuneration Committee member