Thinc Destini takes Flight

Amanda Jarvis

January 31, 2006

The company has announced Howard Flight as non-executive director and Nick Kelly as group commercial director.

Simon Chamberlain, Thinc Destini’s Chief Executive, said, “I am delighted to announce that both Howard and Nick have joined our team as this clearly demonstrates that leading figures within the financial services industry want to be involved with the reshaping of the distribution landscape, led by Thinc Destini. They both have phenomenal experience in the marketplace and proven track records that will greatly enhance our senior team as we continue to develop our unique depolarised model.”

Howard Flight, former Shadow Chief Secretary to the Treasury, who joins as a non-executive director, will also become chairman of the group’s remuneration committee.

Flight, a former Conservative MP and Special Envoy to the City of London has a long and distinguished career in the sector. He started at Rothschilds before co-founding Guinness Flight. Upon the acquisition of Guinness Flight by Investec, Howard
became joint Chairman of Investec Asset Management. Howard is now director of a number of organisations, chairman of the EIS Association, a board member of the Guernsey Financial Services Commission and a member of the Advisory
Council of the Financial Services Forum.

Howard Flight said, “I am delighted to be joining the board of Thinc Destini, a company which is taking the sector by storm and which is at the forefront of the current major advances within financial services distribution. I am determined to play my role in helping the company to grow and continue the first class work it has already undertaken to promote transparency in the sector.”

Nick Kelly joins Thinc Destini from Tenet Group, where he was a divisional managing director. He will primarily be responsible for the implementation of a number of strategic projects, focussing on productivity within the Thinc Destini Network.
Kelly said, “”The Thinc Destini business proposition has an energy and potential which I find very exciting and a strong management team that has already delivered. The business is well positioned to take advantage of numerous opportunities and I am delighted to be playing my part in its development. As the business progresses, I am convinced that it will continue to bring market innovation and set the pace for others to follow.”

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