Henderson Group has named Richard Gillingwater as its incoming chairman, following the announced departure of Rupert Pennant-Rea.
Gillingwater will become the asset manager’s chairman after it holds its annual general meeting in May.
In December, Pennant-Rea announced he will stand down after the meeting.
Gillingwater is non-executive chairman of development finance institution CDC Group and a senior independent director of insurer Hiscox, property development business Helical Bar and energy company SSE.
Until recently, he was dean of Cass Business School and, prior to this, spent time at Kleinwort Benson, BZW and Credit Suisse First Boston.
Gillingwater has also been chief executive and chairman of the Shareholder Executive and non-executive director of P&O, Debenhams, Tomkins, Qinetiq Group and Kidde.
Pennant-Rea says: “Henderson will be well served by having a person of Richard’s standing as its chairman and his experience will be a great asset to the company.”