Merian Global Investors has appointed former St James's Place chair and Diversity Project founder Sarah Bates as chair of its board, as well as hiring Mark Gregory as a non-executive director.
Bates will be an independent non-executive chair while Gregory will be an independent non-executive director as well as chair of the audit and risk committee.
Having stepped down from the board of St James's Place in May, where she had been chair since 2014, Bates has nearly 20 years' experience on company boards.
She is also one of the founders of the Diversity Project and is chair of the Diversity Project Charity, which was set up following The Presidents Club scandal at the start of 2018.
Gregory previously spent nearly 20 years working at Legal & General, including four years as group chief financial officer. He is also currently an independent non-executive director at Direct Line Insurance Group.
There are currently eight people on the Merian board and the firm is still looking to hire one more independent director.
Richard Buxton, chief executive of Merian, said: "Merian Global Investors is in the early stages of life as an independent asset management business and I am thrilled that Sarah Bates and Mark Gregory are joining our board at this pivotal time.
"I am a great believer in the power of independent directors to drive positive change and I have every confidence that Sarah and Mark's considerable experience will be a significant asset to our business as we grow."
Bates said: "I have watched the development of Merian Global Investors with great interest and I am incredibly excited to join the organisation as chair at this crucial stage in its journey.
"The management team's commitment to building a differentiated asset management business is unwavering and I look forward to working with them as we grow a market-leading organisation."
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