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The board of directors of Close Brothers Group plc ("Close Brothers" or the "Company") is pleased to announce the appointment of Tesula Mohindra as an independent non-executive director with effect from 15 July 2021.
On joining the board, Tesula will become a member of the board's Audit and Risk Committees. At the same time, and consistent with the Company's other independent non-executive directors, she will also become a director of the Company's Banking subsidiary, Close Brothers Limited.
Tesula has over 25 years' experience in the financial sector. She qualified as a chartered accountant with PricewaterhouseCoopers, and has since held senior executive and advisory roles in the banking, insurance and pension fund sectors. She has deep financial and commercial expertise gained in a broad range of organisations, from investment banks to start-ups.
Tesula was previously a Managing Director at JP Morgan and at UBS, specialising in corporate finance for financial institutions and pension fund risk management. She was also a founding member of the management team of Paternoster, the specialist bulk annuity insurer, where she was Business Development Director and a member of the Executive Committee. Since then she has worked as an independent financial consultant advising on business plans and capital raising. Tesula is also an independent non-executive director on the board of NHBC (National House-Building Council) and a trustee of Variety, the Children's Charity.
Mike Biggs, Chairman of Close Brothers, commented: "I am delighted to welcome Tesula to the Close Brothers board. She brings extensive finance and commercial expertise gained in a variety of areas. Her appointment further strengthens the range of skills, expertise and backgrounds on the board. I look forward to working with Tesula in the years ahead."
Tesula Mohindra said: "I am very pleased to be joining the board of Close Brothers. I have been impressed by the company's model, distinctive culture and its ongoing support for customers, partners and employees in response to COVID-19. I look forward to working with the board and senior management to contribute to the continuing success and development of the group."
No other information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to Tesula's appointment as a director of Close Brothers.
Enquiries
| Alex Dunn | Company Secretary and Head of Legal
| 020 3857 6057 |
| Sophie Gillingham | Director of Investor Relations Close Brothers Group plc
| 020 3857 6574 |
About Close Brothers
Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,700 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.
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