Future Growth Capital, the independent private markets solutions business formed by Phoenix Group and Schroders, has appointed Denise Le Gal and John Chilman to its board.
Le Gal, who has been appointed chair of the board, also serves as the independent chair of Brightwell and chair of the JP Morgan Chase UK Retirement Plan. She previously served as chair of Brunel Pension Partnership Ltd and chair of the Local Government Pensions Committee for the Local Government Association.
Additionally, Chilman served as the chief executive officer of Railpen and group head of pensions for National Grid. He currently serves as chair of the Pensions and Lifetime Savings Association’s (PLSA) Policy Board, governor and trustee of the Pensions Policy Institute (PPI), and independent trustee director of Nestlé UK Pension Fund, where he chairs the DB investment and DB funding committees.
Future Growth Capital chief executive Paul Forshaw says: “We are pleased to welcome Denise Le Gal and John Chilman to the Board of Future Growth Capital. Denise and John bring hugely valuable senior-level experience of working with both public and private pensions investors. They will help us strengthen all areas of our business and provide independent governance assurance. We are united in our mission to unlock global private market investment opportunities for millions of pension savers.”
Le Gal says: “The UK pensions landscape has never been more dynamic, driven by transformative change like the Mansion House Compact and Accord – two of the most pivotal developments in long-term investment for a decade. With many UK pension savers having been locked out of private markets now is an exciting time for both the UK pensions industry and Britain’s real economy. I am thrilled to join Future Growth Capital to deliver on the Mansion House objectives and to fill a critical void in the market.”
Chilman says: “For too long, UK investors have not had the opportunity to invest in private markets. I am looking forward to working with Future Growth Capital to facilitate this access and to ultimately empower pension funds to harness the higher return potential available from private markets to benefit their members. This will both boost the value of pension savings and channel long-term capital into the real economy, building a more prosperous Britain for savers to retire into.”
