Bridgepoint announced the appointment of Cyrus Taraporevala as an independent non-executive director, which will take effect from 1 January 2023. He will become a member of the Company's Remuneration and Audit and Risk Committees on the same date, and Carolyn McCall will step down as a member of the Remuneration Committee at that time. Cyrus is a highly respected industry expert in asset management with more than 30 years of experience.

He is the outgoing chief executive of State Street Global Advisors, the fourth largest asset manager globally, with $3.3 trillion under management. Prior to joining State Street Global Advisors in 2016, he worked at several asset management firms: Fidelity Investments, BNY Mellon Asset Management, Legg Mason and Citibank. Earlier in his career he spent 14 years at McKinsey & Company, including 7 years as a partner.

Cyrus brings a unique mix of strategic perspectives and execution skills. A true citizen of the world, Cyrus has worked and lived in Asia, Europe and North America over the course of his career. He has successfully led and grown global businesses of scale and played a critical role in affirming State Street's reputation as both a stalwart and pioneer within the sector.

This appointment follows a search process conducted by the Bridgepoint Nomination Committee with the help of Russell Reynolds.  Bridgepoint aims to make one further non-executive appointment during the course of 2023 to complete the construction of its Board of Directors. On 26 October 2022, it was announced that Cyrus had been appointed as a non-executive director of Shell plc, with effect from 2 March 2023.