St. James's Place has appointed Paul Manduca, founding CEO of Threadneedle Asset Management, as its new chair, with Ian Cornish set to step down from the role at the company's 2021 AGM, subject to regulatory approval.
Manduca will join the board as a non-executive director and chair designate on 1 January 2021, and take over the role of chair when Cornish steps down. SJP plans a passive funds foray - reports Cornish joined the board of SJP in 2011 and has been chair since 2018, while Manduca has been chair of Prudential since 2012, having joined the board in 2010. He will step down from this role on 31 December. Manduca has held a number of other senior positions in the financial services industry, including global CEO of Rothschild Asset Management and European CEO of Deutsche Asset Management...
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