First State appoints Richard Wastcoat as non-exec
Share
First State Investments has appointed former Fidelity chief executive for the UK mutual funds business Richard Wastcoat as its first non-executive director.
Wastcoat, who joins with immediate effect, spent 25 years at Fidelity. He was chief executive of its UK mutual fund business, and subsequently, FundsNetwork, from 1999 until his retirement in 2008.
Other roles held by Wastcoat during his tenure included overseeing Fidelity’s business in Spain, the Nordic Region, the Middle East and Africa, India and Hong Kong.
First State regional director for EMEA Gary Withers says: “We are delighted that Richard will be sharing his experience and expertise with First State as he embarks on the non-executive part of his career. His appointment as First State’s first non-executive director reflects the maturing of our business following a period of strong growth. In his new non-executive role, Richard brings with him a wealth of experience and deep industry insight that will help us in the development of our corporate strategy and other key board matters.”
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
