## News

## Richards recognised by Savoy magazine

Pauline Richards has been named one of the world's most influential black corporate directors by Savoy magazine.

The US publication compiles an annual list of heavy hitters. Mrs Richards, the chief operating officer of investment management company Armour Group Holdings Ltd, was one of 300 “power” people selected for this year's edition.

It puts her level of influence in line with that of Colin Powell, the former US Secretary of State, Orlando Ashford, president of Holland America Line, and Thomas Brown, retired group vice-president of global purchasing for Ford Motor Company.

The wife of Bob Richards, the Deputy Premier and Minister of Finance, was noted by the magazine for her “extensive” experience in “financial oversight, executive management and operations leadership”. She sits on the boards of Hamilton Re, Apollo LLP and Wyndham Worldwide Corporation.

“It was an honour to be included by Wyndham Worldwide in the recent Savoy publication featuring black corporate directors,” Mrs Richards told The Royal Gazette.

“Serving on a board of any company, whether it be a non-profit, public or private, is a responsibility that cannot be taken lightly in today's regulatory environment.”

The magazine states: “Prior to Armour Group, Richards was director of development at the Saltus Grammar School, which is the largest private school on the island nation of Bermuda.

“Prior to that position, Richards was chief financial officer of Lombard Odier Darier Hentsch & Cie Ltd, a trust company business also in Bermuda, from January 2001 to March 2003.”

Mrs Richards was also treasurer of Gulfsteam Financial Ltd and a senior consultant to Aon Group of Companies, Bermuda.

The magazine continues: “Savoy 2016 Most Influential Black Corporate Directors includes over 300 leading black executives who are ‘blazing trails' to increase the number of diverse voices from the top to address the shortfall of blacks, both male and female, who serve on corporate boards and help determine top management and corporate policies.”