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(Alliance News) - Picton Property Income Ltd said Wednesday it hired Nick Wiles as non-executive director and chair-elect of the real estate investment firm from the start of 2020.
Wiles will become non-executive at Picton from the start of 2020, before becoming chair from the start of June. Wiles will be replacing current Chair Nicholas Thompson after he announced he would stand down.
Wiles is currently the chair of payment services firm PayPoint PLC. Previously, he served as the chair of the UK investment banking arm of Japanese financial services firm Nomura Holdings Inc.
"Having completed a thorough search to find a high-quality chairman for the business we are delighted to welcome Nick Wiles to the board, and I look forward to working with him to ensure a seamless handover," Thompson said.
"He brings extensive expertise in corporate finance, as well as being an experienced FTSE 250 chairman," Thompson added. "His knowledge and skills will further strengthen our existing Board and help Picton to deliver its growth strategy."
Shares in Picton were 1.1% higher at 93.00 pence in London on Wednesday.
By Ahren Lester; ahrenlester@alliancenews.com
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