03 Oct Governance Services
London Luton Airport (LLA) is operated and developed by a consortium of which the majority shareholder is AENA, the world’s largest airport operator, and Ardian, a major European investor. LLA is currently investing over £100 million to transform the Airport and increase capacity from 12 million to 18million passengers per year by 2026.
Elemental has been working with LLA since Ardian and AENA came on board in January 2014 and has helped guide the board through this period of growth and development.
Canada Life has £1.4 billion of funds under management and can trace its history back to 1852 and the oldest company still recorded at Companies House (number 00000006).
TDR Capital (a private equity house) had acquired the new business of Canada Life, which involved a separation of the operational and funds of the Canada Life business, with entirely new governance and organisational structure. The business, therefore, required a new and effective governance structure, that met the requirements of the PRA and FCA, as well as delivering the effective governance that the new owners demanded.
Elemental came in and supported the new management through the transition period and designed and put in place a governance structure for the future. Canada Life is now able to resource their governance function internally; knowing that Elemental is on hand if the need arises in the future.