St James’s Place has revealed appointments to both its corporate board and its fund board.
Dawn Hyams was appointed as a non-executive director on its unit trust manager on 30 September, the day the Financial Conduct Authority rules requiring two independent directors came into effect.
Hyams has worked in marketing roles at Aviva Investors and Fidelity International and is currently an investment specialist at the Wisdom Council.
Former Henderson chief executive Roger Yates, who already serves on the corporate board, is the second independent director to join the fund board as part of the FCA rule changes, which came out of the asset management market study.
A key function of the independent directors is to craft the value for money assessments that are now a requirement in every fund’s annual report.
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Most asset managers have been quiet about who they have appointed to their fund boards. Hyams’ appointment featured at the end of a regulatory filing highlighting the appointment of Rosemary Hilary to the corporate board.
Hilary started her career at the Bank of England and what was then the Financial Services Authority before becoming chief internal auditor at TSB Bank and a member of the Pension Protection Fund investment committee.
She is already a non-executive director at Vitality Life, Vitality Health and Willis.
At SJP, she will join the risk and audit committees.
