Ashmore Group Regulatory News (ASHM)

Ashmore Group plc

23 April 2021

DIRECTORATE CHANGE

Ashmore Group plc ("Ashmore" / the "Company") today announces the appointment of Helen Beck as a Non-executive Director and Chair of its Remuneration Committee.

After more than eight years' service on the Board of Ashmore Group plc ("the Board") Dame Anne Pringle has indicated her wish to retire and she will step down both as a Non-Executive Director and Chair of the Remuneration Committee on 30 June 2021.

Helen Beck will join the Board as a Non-executive Director with effect from 1 June 2021 and will succeed Dame Anne as Chair of the Remuneration Committee from 1 July 2021. The appointment is subject to receipt of the usual regulatory approvals from the Financial Conduct Authority.

Helen is retiring from her current role as a partner of Deloitte LLP on 31 May 2021. Deloitte LLP was appointed as a remuneration adviser to Ashmore on 8 July 2020 and, whilst Helen was initially part of the Deloitte advisory team, she stepped down in August 2020.

Helen has extensive experience in advising the boards of listed companies on remuneration and, in accordance with the requirements of the UK Corporate Governance Code, has previously served on a remuneration committee for more than 12 months. The Board considers that Helen will be independent on appointment.

Helen will also become a member of the Audit and Risk Committee and the Nominations Committee, both with effect from 1 July 2021.

The structure of the Board Committees with effect from 1 July 2021 will be as follows:

Funding Circle Holdings plc has announced that Helen will be joining its Board, as a Non-executive Director, with effect from 1 June 2021. Other than this, there are no details required to be disclosed pursuant to Listing Rule 9.6.13, in connection with her appointment.

Ashmore also announces that, after three years as Group Company Secretary, John Taylor is stepping down from the role and Alexandra Autrey, presently Group Head of Legal and Transaction Management, will assume the additional role of Group Company Secretary with effect from 1 May 2021.

Ashmore's Legal Entity Identifier (LEI) is 549300U3L59WB4YI2X12.

For further information please contact:

Ashmore Group plc

Paul Measday

Investor Relations +44 (0)20 3077 6278

FTI Consulting

Neil Doyle +44 (0)20 3727 1141

Laura Ewart +44 (0)20 3727 1160

Notes:

Helen Beck (Non-executive Director and Chair of the Remuneration Committee)

Helen Beck is presently Partner and Head of the Financial Services Remuneration Practice at Deloitte LLP, having joined the firm in 2013. Previously, Helen was a partner in Kepler Associates and a Managing Director at McLagan Partners Inc. She has considerable experience in advising FTSE 100 and FTSE 250 companies on remuneration practices. Helen is a governor of the University of Bedfordshire, an independent board member of the British Olympic Association Remuneration Committee and Governor of the John Whitgift Foundation. Helen's earlier career included executive roles at Standard Bank and Fidelity Investments and she holds a BA (Hons) from Nottingham University.

Alexandra Autrey (Group Head of Legal and Transaction Management and Group Company Secretary) 

Alexandra Autrey has been Group Head of Legal and Transaction Management at Ashmore since 2012, having joined the firm in 2005. Previously, Alex worked for Westpac Banking Corporation in London and Sydney. She is admitted as a solicitor in England and Wales, and in New South Wales, Australia and holds an LLB (Hons) from the Australian National University and an LLM, International Finance, from King's College, London.