Naguib Kheraj has resigned from Wellcome's Board of Governors and Investment Committee to avoid a conflict of interest. Read full statement.
Naguib Kheraj is Deputy Chairman of Standard Chartered PLC – a major international bank – and Chairman of Rothesay Life, a specialist UK insurer. He is also a current member of Wellcome's Investment Committee, which is responsible for reviewing and advising on Wellcome's investment portfolio and strategy.
Throughout his career, Naguib has gained a wealth of expertise in banking and finance. He has held many senior positions including Group Finance Director and Vice-Chairman of Barclays, CE0 of JP Morgan Cazenove and Chief Financial Officer of Salomon Brothers Europe.
Naguib has a long track record in the health and education sectors, and currently spends a substantial amount of time as a senior adviser to the Aga Khan Development Network.
He is also a member of the Finance Committee of Oxford University Press and has previously served on the boards of the UK-US Fulbright Commission and NHS England. Naguib has also been a senior adviser to Her Majesty’s Revenue and Customs, and the UK's Financial Services Authority.
Chair of Wellcome Eliza Manningham-Buller said: "I am delighted that Naguib has agreed to become a Governor of the Wellcome Trust. He has made a valuable contribution to Wellcome in his current role, and we will benefit greatly from his financial and investment expertise in steering our future as an organisation. I look forward to working with him to support Wellcome’s vision of improving global health."
Naguib Kheraj added: "It has been a privilege to be involved with the Wellcome Trust on the investment committee for many years. I look forward to broader engagement with the wonderful work that the Trust does."