Keith Percy announced as new Non-Executive Director at The Children’s Mutual
Keith Percy has joined leading Child Trust Fund Provider, The Children’s Mutual, as a Non-Executive Director and Chairman of its investment sub-committee. He brings with him 40 years’ financial experience, the past 25 years of which have been investing for institutional clients in the public and private sectors across the UK and overseas.
Currently a Senior Adviser to GLG Partners and Chairman of Brunner Investment Trust plc, Percy started his career as a Research Analyst and was later promoted to Head of Research at Phillips & Drew Stockbrokers. Between 1983 and 1990, he established PDFM as a separate fund management group within P&D and, as Chief Executive, oversaw the growth of its assets from £2 ½ billion to £17 billion.
As Chief Executive of Morgan Grenfell Asset Management between 1990 – 1996, Percy oversaw the reorganisation of the underperforming business growing the funds under management from £10 billion to over £70 billion.
In 1997, he helped to create the business plan for Société Générale Asset Management (SGAM). Percy later became the company’s Chief Executive and from 2005 its Executive Chairman. Under his stewardship assets grew from nothing to £5 billion within three years, beating his original five year plan.
Married with two children, Keith Percy is also Non-Executive Director at Standard Life Equity Income Trust plc, JP Morgan Japanese Investment Trust plc, and Henderson Smaller Companies Investment Trust plc.
In welcoming his appointment, Chairman of The Children’s Mutual, Andreas Whittam Smith CBE said: “Keith Percy is a major force in fund management and I am delighted that someone with his skills and experience has joined our Board. His appointment further strengthens our management as we work to build on the unquestionable success of the Child Trust Fund and encourage yet greater levels of savings by families for their children’s futures.”
Commenting on his appointment, Keith Percy said: “From my years of financial experience and as a father myself, I am only too aware of the importance of saving for the UK economy and particularly of savings for children. I am therefore delighted to be able to participate in the growth of The Children’s Mutual and to provide advice on investment markets.”
Keith Percy replaces Crispian Collins who retired from The Children’s Mutual board as Non-Executive Director and Chairman of the investment sub-committee last month after six years.