REG - Aberdeen Group PLC - Directorate change

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RNS Number : 7312G  Aberdeen Group PLC  03 June 2026

Aberdeen Group plc

 

Non-executive director appointments

 

Aberdeen Group plc announces that Arno Kitts and Richard (Rick) Lacaille have
been appointed to the Board as Non-Executive Directors with effect from 3 June
2026. They will put themselves forward for election by shareholders at the
2027 AGM.

 

Arno Kitts has over 30 years' experience in global asset management and
insurance, having held senior leadership roles at BlackRock, Henderson Global
Investors and JP Morgan. At BlackRock, he was Managing Director of the UK
Institutional business and Chief Executive of its life insurance investment
platform. He is the founder of Perspective Investments, a boutique investment
management firm. He has also served as a Non-Executive Director of Pension
Insurance Corporation plc, where he chaired the Investment and Origination
Committee. His combination of investment, distribution, insurance and
governance expertise will be a valuable addition to the Board. Arno is
currently Chair of New World Group Holdings Limited and a member of the
Investment Committee of The Valesco Group Limited.

 

Rick Lacaille is a highly experienced investment leader, having spent over 20
years in senior roles at State Street Global Advisors, latterly as Global
Chief Investment Officer, where he had oversight of investment activity across
active and passive strategies and multiple asset classes. He brings extensive
experience of leading global investment teams, navigating complex market
environments and driving strategic change across economic and market cycles.
Rick also has deep experience in ESG having most recently served as Global
Head of ESG at State Street, where he led the firm's approach to
sustainability and engagement with regulators, clients and investors. His
global perspective and understanding of markets and evolving regulatory themes
will bring considerable value to the Board. He is currently a Senior Advisor
at Enzo Advisors LLC and Executive Advisor at Arab Invest. He has also held a
number of industry roles, including as Chair of the Institute for Quantitative
Investment Research and as a member of the Investment Association's Asset
Management Committee.

 

Commenting on these appointments, Jonathan Asquith, Chair of Aberdeen Group
plc, said:

 

"I am delighted to welcome Arno and Rick to our Board. Both have considerable
experience in global asset management, combining significant investment
expertise with distribution, strategy and governance. Together, they bring
highly complementary skills and perspectives and significant industry insight,
which will be of considerable value as we execute Aberdeen's strategy to
become the UK's leading wealth and investments business."

 

Following these changes, the Board will comprise two executive directors,
seven non-executive directors and the Chair. The Board will be made up of four
women and six men. The Financial Conduct Authority and the Prudential
Regulation Authority have been notified of these changes. Arno and Rick's
other appointments are listed below. There are no further details to disclose
under Listing Rule 6.4.8R. The Board considers both Arno Kitts and Rick
Lacaille to be independent in accordance with the UK Corporate Governance
Code.

 

3 June 2026

 

 

 

Enquiries:

 

 Media

 Duncan Young                    +44 (0) 7920 868 865

 Institutional Equity Investors

 Duncan Heath                    +44 (0) 207 156 2495

 Group Secretariat

 Iain Jones                      +44 (0) 7464 917 797

 

LEI number of Aberdeen Group plc: 0TMBS544NMO7GLCE7H90

 

END

 
 
Notes to Editors
 
Arno Kitts

 

Non-Executive Director's Fee

Arno's fee as a Non-Executive Director of Aberdeen Group plc will be £75,000
per annum.

 

Interest in Shares

As at the date of this announcement, Arno does not hold any shares in Aberdeen
Group plc.

 

 Biographical Details:
 Nationality:    British
 Education:      University of Southampton, PhD

                 University of Southampton, BSc, Mathematics
 Current Non-Executive Roles
 2025 - Current  New World Group Holdings Limited

                 Chair
 2023 - Current  The Valesco Group Limited

                 Member, Investment Committee
 2017 - Current  Wakett (Malta) Ltd

                 Non-Executive Director
 Executive Career Summary
 2008 - Current  Perspective Investments

                 Founder, Director of MH Markets Global Limited and Pi Investment Management
                 Limited; member of the Investment Committee and Investment Advisory Committee
                 and a director of managed funds.
 2012 - 2016     BlackRock

                 Managing Director, UK Institutional Investment business

                 Chief Executive of BlackRock Life Limited
 2003 - 2012     Henderson Global Investors

                 Head of Global Distribution

                 Head of UK & EMEA Institutional Business
 1997 - 2002     JP Morgan Chase

                 Head of UK Institutional Business, JP Morgan Asset Management

                 Head of European Defined Contribution Business, JP Morgan Asset Management

                 Chief Executive, JP Morgan Life Limited
 1989 - 1997     Forester Insurance Group

                 UK Group Chief Executive & Head of Investments

                 GM, Finance and Operations & Head of Investments

                 Investment Analyst, Actuarial & Investment Department
 Previous Non-Executive Roles
 2016 - 2025     Pension Insurance Corporation plc and Pension Insurance Corporation Group
                 Limited

                 Non-Executive Director and Chair of Investment and Origination Committee
 2017 - 2023     Wake Trade Technologies Ltd

                 Non-Executive Director
 2006 - 2011     Pension & Lifetime Savings Association

                 Non-Executive Director

 
 
Rick Lacaille

 

Non-Executive Director's Fee

Rick's fee as a Non-Executive Director of Aberdeen Group plc will be £75,000
per annum.

 

Interest in Shares

As at the date of this announcement, Rick does not hold any shares in Aberdeen
Group plc.

 

 Biographical Details:
 Nationality:    British
 Education:      London Guildhall University, MSc, Econometrics and Forecasting

                 Lancaster University, BSc, Operational Research
 Current Advisory Roles
 2024 - Current  Enzo Advisors LLC

                 Senior Advisor
 2026- Current   Arab Invest

                 Executive Advisor
 Executive Career Summary
 2000 - 2023     State Street Global Advisors

                 Senior Advisor and Global Head of ESG

                 Global Chief Investment Officer

                 Head of Global Active Quantitative Strategies

                 Chief Investment Officer, Europe

                 Head of Structured Equities
 1993 - 2000     Gartmore Investment Management Ltd

                 Head of Structured Equities

                 Head of Quantitative Research
 1984 - 1993     C Squared

                 Quantitative Finance Consultant

 

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