Royal London today announces the appointment of Shirley Garrood as non-executive director. She will be a member of the Nominations and Governance Committee. Ms Garrood also joins the boards of Royal London Asset Management (RLAM) and RLAM Holdings Ltd and will be a member of RLAM board’s Risk Committee. It is intended that Ms Garrood will assume the role of chair of the RLAM board and of the RLAM board’s Risk Committee in 2021, subject to regulatory approval.
Ms Garrood will stand down as Senior Independent Director and non-executive director of the board of Hargreaves Lansdown plc effective from 31 December 2020.
Ms Garrood’s extensive financial services knowledge and experience as a non-executive director, including chairing a range of committees, at Esure Group plc and Hargreaves Lansdown plc, alongside her board experience at the BBC and Deloitte, will further diversify the skills and experience of Royal London’s board. Her executive career spans a range of financial services companies, particularly in the asset management sector. As Chief Financial Officer of Henderson Group plc and Chief Operating Officer of two major asset managers, Ms Garrood has a deep understanding of and insight into the workings of asset management firms.
Commenting on the appointment Kevin Parry, chairman of Royal London, said:
“I am pleased to welcome Shirley both to the Royal London board and the boards of our asset management business. Her combination of wider financial services and asset management experience will be a real asset to us.”
Shirley Garrood said:
“I am delighted to be joining the boards of Royal London and Royal London Asset Management allowing me to make use of my cross-industry expertise. As a mutual Royal London is in an enviable position and I look forward to being part of the next stage of its growth.”
Notes to Editors
Shirley Garrood was at Henderson Group plc from 2001 – 2014, first as Chief Operating Officer from 2001 – 2009 and then as Chief Financial Officer from 2009 – 2013. Prior to this she was at Morley Fund Management (Aviva) from 1993 – 2001, latterly as Chief Operating Officer. From 1983 – 1993 she held roles at a number of financial services companies. Shirley is a member of the Institute of Chartered Accountants in England and Wales and a member of the Association of Corporate Treasurers.
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.
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