On February 20, 2020, Rathbone Brothers Plc announced that Mark Nicholls was to retire as Chairman and Director of the company and would not seek re-election at the 2021 AGM. Following the conclusion of an external recruitment process, the company also announced on January 12, 2021, the appointment of Clive Bannister as Chairman Designate and Non-Executive Director of the company. Clive will join the board with immediate effect. It is intended that he will succeed Mark Nicholls as Chairman following the conclusion of the 2021 Annual General Meeting on May 6, 2021, subject to regulatory approval. Clive was previously CEO of Phoenix Group Plc for nine years, retiring in March 2020. Clive had a long and distinguished career at HSBC Group and was CEO of HSBC Private Banking and Group Managing Director of the Insurance and Asset Management division. In addition to Clive's extensive executive career, he has previously been a Non-Executive Director of the Association of British Insurers, Punter Southall Group LLP, Unigestion LLP and Ping An. Currently, he is Chairman of the Museum of London. Clive will bring a wealth of strategic, commercial and financial experience to the board. Clive will join the Nomination and Group Risk Committee, chairing the former following Mark's retirement.