Gareth Penny

Chairman I Ninety One

Gareth was appointed as an independent non-executive director and Chairman on 19 November 2019. He is chairman of Norilsk Nickel, or Nornickel, Russia’s largest diversified mining and metals company listed on the Moscow Exchange. Gareth was previously chairman of the Edcon Group, a private fashion retailer in southern Africa, and served as a non-executive director and Remuneration Committee chairman of the Julius Bär Group. For 22 years, he was with De Beers and Anglo American, the last five of which he was group chief executive officer of De Beers.

In 2016, Gareth was awarded Russian Chairman of the Year, with reference to his contribution to improvements in corporate governance. Gareth has had considerable experience in chairing both public and private boards. He has had significant exposure to developing markets, wealth management, private equity and the financial sector.