David Bennett, new president of Allfunds, replacing Christopher Kleinman


David Bennett is the new president of Allfunds, replacing Blake Kleinman, according to the Official Gazette of the Mercantile Registry (Borme), a change that has already been ratified by the firm’s ordinary general meeting, held in April.

Today’s announcement in the Borme comes after the entity’s board of directors announced in March the proposal to appoint Bennett as an independent non-executive director before the shareholders’ meeting, as a preliminary step to appoint him as the new chairman of the board of the entity.

At the time, Allfunds’ board stated that Bennett’s selection was the result of a “robust selection process” in response to the firm’s commitment to appoint a new independent chairman within twelve months of the company’s listing date. entity, in April 2021.

In addition, the firm hoped to improve its level of compliance with the recommendations regarding the independence of the board of directors in the Dutch corporate governance code.

Finally, Bennett’s appointment as director was ratified by the general meeting of Allfunds, held on April 21, where the company’s annual accounts and a dividend of 0.05 euros per share were also approved, already distributed at the end of april.

Bennett has worked at companies such as the Alliance & Leicester Group (renamed Abbey National following its acquisition by Banco Santander), Lloyds TSB Group, Cheltenham & Gloucester, Chemical Bank and Grindlays Bank.

He has also held senior positions at Ashmore Group and HomeServe Membership, Together Personal Finance, easyJet, Pacnet, Bank of Ireland, CMC Markets and Clarity Commerce Solutions.

In addition, he is chairman of the board of directors of Virgin Money, a non-executive director of Paypal Europe and the UK government’s Department for Work and Pensions.

Bennett replaces Blake Kleinman who announced that he would step down after the meeting, although he reported that he would continue as a non-executive director at the firm. The CEO of Allfunds, Juan Alcaraz, thanked Kleinman for his contribution to the entity and pointed out his “key role” in the transformation of the firm, “especially during such an important year in the company’s history as 2021 ”.