STM Group has taken another step in its reconciliation with the Gibraltar regulator, following the naming of life and pensions veteran Graham Kettleborough as a non-executive director.
Kettleborough’s appointment forms part of the Gibraltar Financial Services Commission’s mandated compliance and oversight improvements.
Since the damning report into failings at STM, the London Stock Exchange-listed firm has also remodelled its business around a new London HQ and UK Sipp provider London & Colonial.
Kettlebrough is best known as the chief executive of consolidator Chesnara from 2004 to 2014.
STM said it hoped to tap his skills building a “respected sector performer” and his “corporate governance, acquisitions and business transformation skills”.
Life and pensions governance
Robin Ellison, interim chairman, said: “Graham’s appointment comes at an exciting time for the business, with plans for both a diversification of our product range as well as seeking opportunistic acquisitions.
“Invariably his depth of experience will also ensure that STM continues to build on its corporate governance and regulatory framework.”
Commenting on his appointment, Kettleborough paid tribute to the resilience and innovation of STM.
