M&G PLC
19 August 2026
M&G PLC BOARD APPOINTMENT
M&G plc today announces Hitoshi Yamaguchi will join the Board as a Non-Executive Director, and will also become a member of the Nomination and Governance Committee, with effect from 3 September 2026. This follows satisfaction of certain conditions of the Implementation Agreement as part of the strategic partnership with Daiichi Life Group, Inc.
Currently serving as Group Chief Human Resources Officer at Daiichi Life Group, Inc., Hitoshi brings more than three decades of leadership experience, spanning international insurance, finance and corporate management. He has held a number of senior management positions at Daiichi Life Group, Inc., including Business Head of the International Life Insurance Division, Senior Managing Executive Officer of Dai Ichi Life Holdings, Inc. (now Daiichi Life Group, Inc.), and Deputy CEO and CFO of Star Union Dai Ichi Life Insurance. He has been a member of the Board of Daiichi Life Group, Inc. since June 2023.
Sir Edward Braham, Chair of M&G plc, said:
"I am pleased to welcome Hitoshi to the Board of M&G plc. He brings deep experience of the life insurance industry, a strong international perspective and an impressive track record of leadership across global operations. His appointment further strengthens the partnership between M&G and Daiichi and I look forward to working closely with him. His expertise will be a valuable addition to our Board."
Hitoshi Yamaguchi commented:
"I'm delighted to be joining the M&G Board at such an exciting time for the business. I look forward to working closely with fellow board members, and the wider management team, as M&G continues to build on its strong momentum and support the delivery of its strategic priorities and long-term growth ambitions."
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Notes to Editors:
1. Disclosures
Hitoshi Yamaguchi holds no interest in any shares of M&G plc but is appointed to the Board following the completion of certain conditions which were met by Daiichi Life Group, Inc. Hitoshi Yamaguchi is not considered to be independent for the purposes of the UK Corporate Governance Code.
Save as disclosed above, there is no further information required to be disclosed pursuant to Listing Rule 6.4.8R of the Listing Rules of the Financial Conduct Authority.
Further information on M&G's long-term strategic partnership with Daiichi, announced on 30 May 2025, can be found here:
https://group.mandg.com/news-and-insights/press-releases/2025/30-05-2025
The partnership is expected to generate at least $6 billion of new business flows for M&G and $2 billion of new business flows for Daiichi over five years. In connection with its c.15% shareholding and subject to certain conditions, Daiichi can appoint a director to the Board of M&G plc.
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