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M&G chair Mike Evans takes leave over stress-related illness

Fiona Clutterbuck, senior independent director, will take on the role during Evans’ leave of absence.

M&G chair Mike Evans takes leave over stress-related illness

M&G chair Mike Evans is to take a leave of absence from his role following a stress-related illness.

The group said that Evans (pictured) will take time off from his duties with senior independent director Fiona Clutterbuck heading the board in his absence.

Evans, a former Hargreaves Lansdown chair, had previously served in the role at M&G Prudential.

He has almost 40 years’ experience in savings and investment having previously served as chairman of ZPG as well as chief operating officer of Skandia UK.

He has overseen significant changes to the business since the group’s former parent group Prudential in late 2019.

In September, the group completed the acquisition of Royal London’s platform business Ascentric to help establish a £28bn (€31bn) wealth management division. 

M&G Prudential carried out a of its senior management team ahead of the demerger, with former Prudential UK chief investment officer and Prudential group treasurer, Jack Daniels, appointed CIO of M&G.

Ascentric chief executive Rob Regan stepped down two months after M&G completed its acquisition of the firm, now run by former chief operations officer David Montgomery, who joined M&G at the beginning of the 2020.

M&G added that audit committee chair, Clare Thompson, will take on Clutterbuck’s role of senior independent director while Evans is on leave.

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