Mattioli Woods Regulatory News (MTW)

5 January 2021

Mattioli Woods plc

("Mattioli Woods", "the Company" or "the Group")

Independent Non-Executive Director Appointments

Mattioli Woods plc (AIM: MTW.L), the specialist wealth management and employee benefits business, is pleased to announce the appointment of three new independent Non-Executive Directors, David Kiddie, Edward Knapp and Martin Reason with immediate effect.

David Kiddie has significant asset management and investment oversight expertise across different asset classes and during his executive career held Chief Investment Officer and Head of Equities roles at major organisations including AMP Capital, ABN AMRO Asset Management, Baring Asset Management and Rothschild Asset Management. David was also CEO for BNP Paribas Asset Management (UK) and Group Executive for Perpetual Investments (Australia).

Edward Knapp is a specialist in financial services technology, innovation and growth. His areas of expertise include cyber-security, data and cloud transformation, risk, compliance and strategy. During his executive career he held senior roles at HSBC Bank plc, Barclays Bank plc and McKinsey & Company and is currently a Non-Executive Director for F&C Investment Trust plc. Edward has agreed to take on the role of Chairman of our Risk & Compliance Committee from Anne Gunther.

Martin Reason has significant expertise in strategic planning, change management and creating operational resilience. His last executive role was as Chief Executive Officer of Melton Mowbray Building Society. Prior to that he held senior roles at organisations including Merrill Lynch, HSBC Bank plc and Midland Bank plc, specialising in product development and customer service.

After a transition period to effect the handovers, the composition of the Board committees will be:

· Audit Committee:

Anne Gunther (Chairman), Joanne Lake, Carol Duncumb and Edward Knapp;

· Risk & Compliance Committee:

Edward Knapp (Chairman), Anne Gunther, David Kiddie and Martin Reason;

· Nomination Committee:

Joanne Lake (Chairman), Anne Gunther, David Kiddie and Ian Mattioli;

· Remuneration Committee:

Carol Duncumb (Chairman), Anne Gunther, Joanne Lake and Martin Reason.

Following these appointments, together with those as previously announced of Ravi Tara, Michael Wright and Iain McKenzie (which are subject to final regulatory approval), the Company will continue to have a balanced board which we believe represents the right governance structure for the Company. 

Joanne Lake, Non-Executive Chairman said:

"I am delighted to welcome David, Edward and Martin to our Board. Their deep and broad range of expertise across financial services, including investment management, technology and transformation, and operations and customer services, will be an asset to Mattioli Woods as we continue to execute against our growth strategy. The appointment of David, Edward and Martin brings further renewal to the Board and gives us a strong platform for future succession planning. We remain committed to our culture at Mattioli Woods of putting clients first and to delivering our ambitious growth plans for the business".

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Additional Information

The following information is disclosed under Schedule 2(g) of the AIM Rules for Companies:

David Graham Kiddie, age 59, is currently or has been a director of the following companies within the past five years:

Martin John Reason, age 60, is currently or has been a director of the following companies within the past five years:

Edward Stephen Knapp, age 37, is currently or has been a director of the following companies within the past five years: