Just Retirement Holdings is a wholly-owned subsidiary of Avalon Acquisitions Limited, which is controlled by certain funds managed by Permira Advisers LLP.
The Board is responsible for the proper management of the Company and the Group’s strategy and direction, including its risk appetite. It also oversees the Group’s activities and the delivery of the Group’s strategy by Just Retirement Limited, Just Retirement Solutions Limited and The Open Market Annuity Service Limited (TOMAS).
The Board comprises nine Directors of whom three are Executive and six are Non-Executive (including the Chairman). Biographical details of all of the Directors, which include details of their other significant commitments, are set out below.
Tom Cross Brown, Chairman
Rodney Cook, Chief Executive
Simon Thomas, Finance Director
Shayne Deighton, Risk & Actuarial Director
Clifton Melvin, Non-Executive Director (Senior Independent Director)
Les Owen, Non-Executive Director
Keith Jones, Non-Executive Director
Charles Sherwood, Non-Executive Director
James Fraser, Non-Executive Director
| Tom Cross Brown, Chairman |
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Tom was appointed as a Non-Executive Director of the Company in October 2006 and became Chairman on its admission to AIM. Until 2003, he was Chief Executive Officer of ABN AMRO Asset Management and, prior to joining ABN AMRO Asset Management in 1997, he was Chief Executive Officer of Lazard Brothers Asset Management. He is currently a Non-Executive Director of Phoenix Group Holdings, Bluebay Asset Management Plc and Artemis Alpha Trust Plc.
Tom is the Chairman of Just Retirement Limited, a Director of Just Retirement Solutions Limited and a member of the Audit, Risk & Compliance, Remuneration and Nominations Committees as well as a member of the Investment Committee of Just Retirement Limited.
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Rodney Cook, Chief Executive
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Rodney was appointed Chief Executive of the Company in July 2010. Previously, he was Managing Director, Life and Pensions of Liverpool Victoria (LV=). Rodney, a qualified actuary and an FSA Approved Person, has over 32 years’ experience in financial services, having led businesses in both the UK and Australasia. He commenced his career with AMP, which culminated in his appointment as Managing Director of Pearl in 1999.This was followed by time at Zurich Financial Services as Customer Solutions Director, before joining Prudential as Prulab Director.
Rodney is a Director of Just Retirement Limited, Just Retirement Solutions Limited, Just Retirement Management Services Limited and TOMAS Acquisitions Limited.
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Simon Thomas, Finance Director
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Simon was appointed Finance Director of the Company in July 2006. Previously, he was Finance and Customer Services Director at Canada Life Limited, the UK subsidiary of Great West Life. Prior to this, Simon was Head of Finance at HECM Limited (formerly Equitable Life) and spent ten years at Nationwide Building Society, latterly as Group Financial Controller.
Simon has over ten years’ experience in the UK life assurance industry, is a Chartered Accountant and an FSA Approved Person. He is a Director of Just Retirement Holdings, Just Retirement Limited, Just Retirement Solutions Limited, Just Retirement Management Services Limited and TOMAS Acquisitions Limited.
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Shayne Deighton, Risk & Actuarial Director
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| Shayne was appointed Group Chief Actuary of the Company in October 2008 and following that was appointed as Risk & Actuarial Director in January 2010. He was previously Group Financial Management Director at Aviva Plc and was at one time UK Life Finance Director for Zurich Financial Services. He has also been a Partner at Ernst & Young and Principal at Tillinghast, the consulting actuaries.
Shayne has over 25 years’ experience in the insurance industry, is a Fellow of the Institute of Actuaries and an FSA Approved Person. He is a Director of Just Retirement Holdings, Just Retirement Limited and Just Retirement Solutions.
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Clifton Melvin, Non-Executive Director (Senior Independent Director)
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Clifton Melvin was appointed as a Non-Executive Director of the Company in August 2004. He is currently Chairman of EcoHydra Technologies Limited, Chief Executive Officer of Gaudi Limited and was previously Chief Executive Officer of Winterthur Life UK. He has over 30 years’ experience in the UK life assurance industry and is a Fellow of the Institute of Actuaries. Clifton is Chairman of the Risk & Compliance Committee and a member of the Audit, Nominations and Remuneration Committees as well as a member of the Investment Committee of Just Retirement Limited.
Clifton is also the Company’s Senior Independent Director and a Director of Just Retirement Limited and Just Retirement Solutions Limited as well as Avalon Acquisitions Limited.
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Les Owen, Non-Executive Director
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Les was appointed as a Non-Executive Director of the Company in May 2010. He is currently Non-Executive Chairman of The Jelf Group. Les has nearly 40 years’ experience in the Financial Services Sector, having spent the bulk of his career at Sun Life and the Axa Group where, before retiring, he was Group Chief Executive Officer at Axa Asia Pacific Holdings and prior to that he was Chief Executive of Axa Sun Life.
Les is a Director of Just Retirement Limited and Just Retirement Solutions Limited, Chairman of the Audit Committee and a member of the Risk & Compliance, Nominations and Remuneration Committees.
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| Keith Jones, Non-Executive Director |
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| Keith was appointed as a Non-Executive Director of the Company in May 2010 and is currently Non-Executive Chairman of Execution Noble. Keith is also a Consultant to Hewitt Associates, HBOS /Lloyds TSB and a Senior Adviser to Permira Advisers LLP and prior to that Keith held various Board roles in Fund Management including that of Chief Executive Officer of Morley Fund Management and Chairman of the ABI Investment Committee.
Keith is Non-Executive Chairman of Just Retirement Solutions Limited and Director of Just Retirement Limited where he is also Chairman of the Investment Committee and a member of the Audit and Risk & Compliance Committees.
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Charles Sherwood, Non-Executive Director
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Charles Sherwood was appointed as a Non-Executive Director of the Company in December 2009. He is currently a Partner of Permira Advisers LLP where he is also a member of the Investment Committee. Charles has served on the boards of The AA, Birthdays, Homebase, Gala Coral Group and the newly combined Saga & The AA (Acromas). Prior to joining Permira, Charles worked as a strategy consultant with BCG in London.
Charles is a Director of Just Retirement (Holdings) Limited, Just Retirement Limited, Just Retirement Solutions Limited and Avalon Acquisitions Limited.
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James Fraser, Non-Executive Director
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James Fraser was appointed as a Non-Executive Director of the Company in December 2009. He is currently the Head of the Financial Services Sector at Permira Advisers LLP. Prior to joining Permira, James was Co-Head of the Global Financial Services practice at L.E.K Consulting where he spent 21 years, 11 of which as a Partner.
James is Chairman of the Nominations and Remuneration Committees and a Director of Just Retirement (Holdings) Limited, Just Retirement Limited, Just Retirement Solutions Limited and Avalon Acquisitions Limited.
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