Board Changes

7 April 2020

Polar Capital Holdings plc

Board Changes

Appointment of New Chairman and Additional Non-Executive Director

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist active asset management group, is pleased to announce the following changes to the Board of Directors. David Lamb and Andrew Ross are to be appointed at the Board meeting on 9 April 2020 and it is anticipated that David Lamb will be appointed Non-Executive Chairman following the retirement of Tom Bartlam at the Annual General Meeting which in normal circumstances is held in late July.

David Lamb has over 30 years' leadership experience within the asset management sector, including as Managing Director and Chairman of the Investment Committee at St James's Place plc, responsible for £115bn in AUM, having joined the firm at inception and been a member of the main PLC board since 2007. David is also currently a Non-Executive Director of the Henderson Smaller Companies Investment Trust plc and Deputy Chairman of the Board of Governors of the University of West of England.

David will succeed Tom Bartlam who was appointed to the Board in July 2007 and became Chairman in September 2007. He will also take on the chairmanship of the Nomination Committee and join the Remuneration Committee following the AGM.

Andrew Ross is a highly experienced financial services practitioner having spent over 20 years in senior roles at investment and wealth management firms. Andrew was Chief Executive Officer of Cazenove Capital Management from 2001, growing assets from £7bn to £24bn until its acquisition by Schroders plc in 2013, where he became Global Head of Wealth Management. Andrew is currently Vice Chairman Wealth Management at Schroders plc and a Non-Executive director of Witan Investment Trust plc where he is due to take over as Chairman at the next AGM in April. Andrew will be joining the Audit and Risk, Nomination and Remuneration Committees following the AGM.

Both appointments are subject to the receipt of the usual regulatory references.

 Tom Bartlam, Chairman of Polar Capital, commented:

"I am delighted that David will succeed me as Chairman of Polar Capital Holdings and that Andrew is to join the Board as Non-Executive Director. Both Andrew and David bring a wealth of experience within the investment management sector that will help the Group continue to deliver on its strategic objectives."

Gavin Rochussen, Chief Executive of Polar Capital, commented:

"I would like to thank Tom for his dedication to the Group throughout his tenure as Chairman and invaluable advice. I also look forward to welcoming David and Andrew as members of the Board and working with them as the Group continues to grow and diversify."

With the appointment of David Lamb and Andrew Ross, Mr Cayzer- Colvin will step down from the Audit and Risk, Nomination, and Remuneration Committees at the conclusion of the AGM.

The following details in relation the appointment of David Lamb (age 63) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

The following details in relation the appointment of Andrew Ross (age 61) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.

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