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Julius Baer nominates British wealth manager Nicol to board to head risk committee

February 16, 2021 at 01:26 am

ZURICH (Reuters) - Julius Baer is proposing British wealth manager David Nicol as a new member of its board of directors, it said on Tuesday, earmarking him to become head of the board's risk committee as current Vice Chairman Charles Stonehill steps down.

"The Board is very pleased to have found in David Nicol a seasoned financial industry expert with vast executive and board experience," Chairman Romeo Lacher said in a statement.

"Upon his election, it is therefore envisaged that David Nicol will take over from Charles Stonehill as Chairman of the Governance & Risk Committee."

Nicol, who was Chief Executive of British wealth management firm Brewin Dolphin until June 2020, will stand for election at the bank's annual general meeting on Apr. 14. Stonehill has decided not to stand for re-election after serving on the board for 15 years, Switzerland's third-largest lender said.

(Reporting by Brenna Hughes Neghaiwi; Editing by Kim Coghill)

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David Nicol

Mr. David J. Nicol is a Chief Strategy Officer at Monde Nissin Corp. He is on the Board of Directors at Global Business Power Corp., Colinas Verdes Hospital Managers Corp., AF Payments, Inc., Light Rail Manila Holdings, Inc., Asian Hospital, Inc., Metro Pacific Tollways Corp., Medical Doctors, Inc., Don Muang Tollway PCL and Automated Fare Collection Services, Inc. Mr. Nicol was previously employed as a Chief Financial Officer, Director & Executive VP by Metro Pacific Investments Corp., a Chief Financial Officer by First Pacific Co. Ltd., a Group Chief Executive Officer by Berli Jucker Public Co. Ltd., a Chief Executive Officer by Pinnacle Regeneration Group Ltd., and a President & Chief Executive Officer by SIRVA, Inc. He also served on the board at Metro Pacific Hospital Holdings, Inc. and Critical Resource Limited. He received his undergraduate degree from the University of Lancaster.

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