Corporate Governance
Our Board is deeply committed to maintaining the highest standards of corporate governance.
As a firm regulated by the Financial Conduct Authority (FCA), Progeny adheres to stringent regulatory requirements, underscoring our dedication to maintaining integrity and ethical conduct.
Our governance framework is designed to facilitate effective decision-making and comprehensive risk management. This framework is upheld by our team of highly qualified professionals who bring extensive experience and expertise to their roles.
To date, we have implemented comprehensive oversight mechanisms, including dedicated committees that focus on critical areas such as audit, risk, and compliance. These committees play a vital role in supporting the Board by providing focused scrutiny and ensuring responsible business operations.
Our commitment to good governance extends beyond internal structures; we actively engage with stakeholders, including clients, employees, and the wider community, to ensure our practices reflect our values and contribute to the long-term success of our firm.
Executive Board
Board Members:
| Group Chief Executive Officer, Tom Wood |
| General Counsel, Graeme Dickson |
| Group Chief Financial Officer, Bobby Ndawula |
| Group President and Non-Executive Director, Neil Moles |
| Directors from Progeny’s primary investors Further Global, Olivier Sarkozy & Max Baumrin |
| Non-Executive Director, Chris Giles |
Terms of reference:
• Strategy and management
• Structure and capital
• Investor relations
• Material contracts
Progeny Holdings Limited Board
Board Members:
| Chair: Ewen Stevenson |
| General Counsel, Graeme Dickson |
| Group Chief Executive Officer, Tom Wood |
| Group Chief Financial Officer, Bobby Ndawula |
| Further Global Director: Olivier Sarkozy |
Terms of reference:
• Regulatory controls and matters
• Risk
• Growth
• Consumer Duty
• International
• Delegation of authority
• ICARA review
• Group committees
• Group Executive Committee
• Governance
Group Executive Committee Â
Our Group Executive Committee (ExCo) derives its control from the Progeny Holdings Board. Progeny Holdings passes the responsibility of executing the strategy to the Group Executive Committee.
Members:
| Group Chief Executive Officer, Tom Wood |
| General Counsel, Graeme Dickson |
| Group Chief Financial Officer, Bobby Ndawula |
| UK Managing Director, Caroline Hawkesley |
| Chief Risk Officer, Charlotte Thomas |
| Chief Investment Officer, Ian Hooper |
| Chief Operating Officer, Tim Gillman |
| Chief People Officer, Cath McVey |
Group Executive Committee terms of reference:
- Day to day management of the group
- Recommendations to Progeny Holdings Board
- Implementation of decisions of Progeny Holdings Board
- Considering MI from Group committees
- Escalation to Progeny Holdings Board (as appropriate)
Regulated boards also sit within Progeny Asset Management, Progeny Wealth and Progeny Law and Tax, each possessing relevant statutory directors.
These Boards also have their own regulated entity Risk Committees, which feed into the Group Executive Risk Committee.
There also exists an Investment Committee for Progeny Wealth and Progeny Asset Management to ensure good product governance.
Committees
Beneath the Executive Committee, sit a number of committees which span a range of specialisms and business areas.
The committees are a place for discussion and to develop recommendations to Group Executive Committee, where decisions are ultimately made.
These committees are as follows:
- Group Change Committee
- Group Executive Risk Committee
- Group Client Value Proposition Committee
- Group M&A and Integration Committee
- Group Remuneration Committee
- Group Executive Finance Committee
Find out more about Progeny
Progeny’s rich history spans over 40 years, yet we operate like a high-growth startup.
Our Boards and executive committee set and execute the strategy for the business, driving Progeny to achieve its ambitious objectives, always with clients central to our decisions and activity.