Abrdn plc announced that Catherine Bradley will not seek re-election at the company’s Annual General Meeting on April 24, 2024, and will stand down as a non-executive director and as chair of the audit committee.
However, she will remain chair of Interactive Investor (ii), a subsidiary of the group.
Abrdn chairman Douglas Flint said: “On behalf of the board and all my colleagues, I would like to thank Catherine for her significant contribution to Abrdn and our board and committee discussions.
“Earlier this year Catherine took on the chair of ii, our direct-to-consumer investments business, and she has concluded she should dedicate her available time commitment to this responsibility.
“I’m delighted she will remain connected with Abrdn through her ii appointment where we will continue to benefit from her breadth of consumer, financial and regulatory experience as we carry on growing ii and the critical role it plays within the group.”
Following this change, the Abrdn board will comprise two executive directors, six non-executive directors and the chairman.
Bradley is also a non-executive director of Johnson Electric Holdings Limited and of easyJet plc, where she chairs the finance committee. She is also senior independent director of Kingfisher plc.
Previously, Bradley served on the boards of leading industrial and consumer-facing companies in the UK, France, and Hong Kong.
She was appointed by HM Treasury to the board of the Financial Conduct Authority in 2014 and played an important role in establishing the FICC Markets Standards Board in 2015.
Bradley stepped down from these boards in 2020. Between 2021 and 2022 she was also a board member of the Value Reporting Foundation, where she co-chaired the audit committee.
In her executive career, Bradley has held a number of senior finance roles in investment banking and risk management — in the US with Merrill Lynch, in the UK and Asia with Credit Suisse, and in Asia with Société Générale. She returned to Europe in 2014 to start her non-executive career.