PineBridge Investments has named John L. Thornton as a non-executive chairman of its board of directors. The appointment becomes effective November 21. Thornton is a former president of Goldman Sachs.
NEW YORK – November 6, 2014 – The Board of Directors of PineBridge Investments (“PineBridge”), a leading global multi-asset class investment manager, today announced the appointment of John L. Thornton as Non-Executive Chairman effective November 21, 2014. Mr. Thornton will assume the Chairmanship from E. Mervyn Davies, Lord Davies of Abersoch, CBE, who has successfully presided over the Board for four years.
Mr. Thornton has extensive international experience in business, finance and public affairs and has served on the boards of leading global public companies. Mr. Thornton will work closely with the Board and members of senior management in driving the firm’s strategy.
Richard Li Tzar-Kai, PineBridge Board Member and Chairman of Pacific Century Group said, “I would like to thank Mervyn for his leadership and wisdom during the development of PineBridge as an independent multi-asset manager. Our strong position and enhanced investment offering owes a great deal to him. We are pleased to welcome John as our new Chairman and look forward to drawing on his considerable international experience.”
Mr. Thornton said, “I am honored to be joining PineBridge Investments and look forward to working with the leadership of the firm. PineBridge’s developed and emerging markets experience is exceptional as is its ability to create unique investment solutions for clients.”
Under Lord Davies’ leadership, PineBridge has established itself as an independent investment manager with robust corporate governance and a proven track record in emerging and developed markets, leveraging its international footprint.
Lord Davies added, “It has been a great pleasure to work alongside the PineBridge Board and leadership. I’m certainly proud of the firm’s innovative investment capabilities, operational advancements and expansion into strategic international markets and opportunities. I am confident that the firm will benefit from John’s considerable international experience.”
Mr. Thornton retired in 2003 as President and member of the Board of The Goldman Sachs Group, Inc. He is Chairman of the Board of Barrick Gold Corporation and serves as a Director of the Ford Motor Company. He is Co-Chairman of the Board of Trustees of the Brookings Institution in Washington, D.C. He is a Professor and Director of the Global Leadership Program at the Tsinghua University School of Economics and Management in Beijing. Thornton is a trustee, advisory board member or member of the China Investment Corporation, China Securities Regulatory Commission, Council on Foreign Relations, McKinsey Advisory Council and Morehouse College. Mr. Thornton holds an undergraduate degree from Harvard College, a degree in jurisprudence from Oxford University and a master’s degree from the Yale School of Management.
About PineBridge Investments
PineBridge is a global asset manager with nearly 60 years of experience in emerging and developed markets, delivering innovative alpha-oriented strategies across asset allocation, equities, fixed income and alternatives. PineBridge manages over US $70.8bn in AUM worldwide as of September 30, 2014.