Pershing Square Holdings Names Ranjani Kearsley as Independent Non-Executive Director Effective July 2026

Ranjani Kearsley’s Distinguished Global Asset Management Career

Ranjani Kearsley brings extensive investment management experience, with over 25 years in portfolio oversight, strategy, human capital, and sustainability roles across asset management, private equity, and principal investing sectors. Her expertise includes building investment teams and distribution capabilities across the US, Europe, and Asia, covering both traditional and alternative asset classes.

Since 2021, Ms. Kearsley has served as Head of Asset Management Investments and Head of People for Investment Partnerships at B-FLEXION, a diversified private investment platform managing growth-oriented businesses and asset managers. She also leads Capital Partnering and Responsible Investing initiatives, combining portfolio management and organizational leadership within complex asset management structures.

Board Memberships and Regulated Asset Management Expertise

Ms. Kearsley currently serves on the boards of Twelve Securis Holdings, a leading insurance-related investment manager, and Strategic Investment Management Group, an outsourced chief investment officer firm. She is also a board member and committee participant at Longview Partners UK LLP and Longview Partners, Guernsey, highlighting her governance experience in regulated entities.

Her prior board roles include Capital Four, a private credit manager; Landfair Capital, specializing in real estate credit; and Stallergenes Greer, a global biopharmaceutical company focused on allergy immunotherapy. These diverse appointments reflect her broad governance and strategic expertise, which PSH Chairman Rupert Morley emphasized would strengthen the Board’s capabilities.

Leadership Roles at Prominent Investment Platforms and Fidelity International

Before B-FLEXION, Ms. Kearsley was Head of People and Platform at Eight Roads, a major global venture platform investing across Asia, Europe, Israel, and the US in Healthcare and Technology sectors. This role involved venture capital operations and institutional team development.

Previously, she was Global Head of HR at Fidelity International, leading a major transformation of people functions through early adoption of AI and natural language processing. She supported building teams for new investment strategies including multi-asset, high yield, credit, and quantitative disciplines, and expanded distribution channels in institutional and sovereign wealth markets across Asia.

Investment Banking Foundation and Academic Credentials

Ms. Kearsley began her career as an Analyst at Citi, gaining investment banking experience. She holds a degree in Economics and Management from The London School of Economics and Political Science, equipping her with strong financial and business acumen.

Beyond corporate roles, she is a Trustee Director for charitable foundations focused on medical aid, welfare, and education access in Nepal and India, reflecting her commitment to responsible investing and social impact.

Pershing Square Holdings’ Closed-Ended Fund Structure

Pershing Square Holdings Ltd operates as a closed-ended investment fund listed on the London Stock Exchange under tickers PSH and PSHD. This structure involves a fixed number of shares and requires robust governance to ensure effective capital allocation, investment strategy execution, and shareholder communication.

Appointing experienced independent non-executive directors like Ms. Kearsley aligns with the fund’s governance framework, supporting oversight of investment strategy, management performance, and regulatory compliance.

Appointment Process and Nomination Committee Endorsement

The appointment followed an extensive search by a leading global executive search firm, with the Nomination Committee recommending and the Board approving Ms. Kearsley’s selection. This rigorous process ensured the candidate met independence and expertise criteria.

Ms. Kearsley’s Board membership will commence on 20 July 2026, allowing for transition planning. The announcement also references the earlier appointment of Julian Ide as independent non-executive director, highlighting ongoing Board strengthening efforts. Both appointments comply with UK Listing Rules disclosure requirements (UKLR 6.4.6).

Chairman’s Perspective on Strategic Contribution

PSH Chairman Rupert Morley praised Ms. Kearsley’s "wealth of global asset management experience and deep expertise in governance and strategy," noting her board experience across the US, Europe, and Asia will enhance the Board’s perspective and capabilities. He expressed enthusiasm in welcoming her to the PSH Board.

The Chairman emphasized her understanding of cross-border investment operations, regulatory frameworks, and international markets as valuable to strengthening strategic planning and governance at PSH.

Regulatory Compliance and Disclosure Assurance

The announcement complies with UKLR 6.4.6 regarding director appointments and confirms no further disclosures are required under UKLR 6.4.8. This transparency assures investors that governance procedures and regulatory obligations have been met.

The structured disclosure and formal appointment process reflect PSH’s commitment to best practices in corporate governance and regulatory adherence.

Impact on PSH’s Governance and Strategic Outlook

Ms. Kearsley’s appointment significantly enhances PSH’s Board governance with her extensive regulated asset management experience, strategic insight, and leadership in building investment teams. Her expertise across multiple asset classes and new investment strategies aligns with PSH’s strategic needs.

Alongside Julian Ide’s appointment, this Board renewal aims to improve oversight, diversify perspectives, and align with evolving market and regulatory demands, signaling PSH’s commitment to strong governance and strategic excellence for investors.