Paul Manduca

Paul Victor Falzon Sant Manduca was born on 15 November 1951 in London and holds British and Maltese citizenship. He was educated at Harrow School before earning a degree in modern languages at Hertford College, Oxford University from 1970 to 1973. Following his graduation in 1973, Manduca has had a long career in the financial sector.

Manduca joined the broking firm Colgrave & Co after graduation before moving into asset management, becoming a portfolio manager at Rowe & Pitman and eventually head of small company funds at Hill Samuel Asset Management. In 1983 he joined Touche Remnant, the investment trust manager, and was appointed CEO of the TR Smaller Companies Investment Trust and TR Industrial and General Trust. In 1989 he became CEO of Touche Remnant and engineered a £50m takeover by French banking group Société Générale. From 1994 to 1999, Manduca was founding CEO of Threadneedle Asset Management Limited, during which time he was also a director of Eagle Star Insurance and Allied Dunbar.

Between 1999 and 2002 he was CEO of Rothschild Asset Management and was European CEO of Deutsche Asset Management from 2002 to 2005. In 2010 he joined the board of Prudential plc as the senior independent director, serving as a member of Prudential's audit and remuneration committees from 2010 to 2012 and as a member of the nomination committee from 2011 until he was made chairman of the board and chairman of the nomination committee in 2012. Manduca was chairman of Prudential plc from 2012 to 2020.

Career history

• Chairman, Prudential plc (2012–2020)
• Founding CEO, Threadneedle Asset Management Limited (1994–1999)
• CEO, Rothschild Asset Management (1999–2002)
• European CEO, Deutsche Asset Management (2002–2005)
• CEO, Touche Remnant (1989–1992)

In 2015, Paul became Chairman of the £2bn Templeton Emerging Markets Investment Trust plc, and, in 2017, Chairman of the peer-to-peer lender RateSetter. In 2018, he was awarded a Maltese Order of Merit. Manduca replaced Iain Cornish as chairman of St James's Place after the annual general meeting in May 2021.

What Paul Manduca could bring to Chair of St James's Place plc: Manduca brings extensive expertise in transforming and leading major financial services institutions, having successfully steered Prudential through significant corporate restructuring including the demerger of M&G. His deep experience founding and scaling asset management businesses, combined with his track record of mergers and acquisitions (including the Touche Remnant-Société Générale transaction), positions him well to guide the FTSE 100 wealth manager through strategic growth initiatives and digital transformation in an evolving competitive landscape.