B.p Marsh Regulatory News (BPM)

27 Mar 2007 07:01

B.P. Marsh & Partners PLC27 March 2007 Date: 27th March 2007 On behalf of: B.P. Marsh & Partners Plc ("B. P. Marsh" or the "Company") For immediate release B.P. Marsh & Partners Plc Board Change B. P. Marsh (AIM: BPM), a niche venture capital provider to early stagefinancial services businesses, announces today that Stephen Crowther hasresigned as a Director and employee of B.P. Marsh with immediate effect, and istransferring to one of its associated companies, the Hyperion Insurance Group("Hyperion"), where he has accepted the position of Executive Chairman of DualInternational, a Hyperion subsidiary. Stephen Crowther has been B.P. Marsh's nominee director on the Hyperion Boardfor the past eight years, during a period of exceptional growth for Hyperion. The remaining Directors of B.P. Marsh wish to thank Stephen for the significantcontribution he has made since he joined the Company in 1998, and wish him everysuccess in his new role. The Board also confirms that it does not intend to seeka replacement for the role that Stephen fulfilled but has arranged for hisexecutive duties as well as his non-executive directorships to be redistributedamongst the existing members of the Company's management team. - ends - For further information: B.P. Marsh & Partners Plc www.bpmarsh.co.ukBrian Marsh OBE +44 (0)20 7730 2626 Nabarro Wells & Co. Limited (Nominated Adviser)David Nabarro/Marc Cramsie +44 (0)20 7710 7400 Redleaf Communications (PR to BP Marsh)Emma Kane/Tom Newman +44 (0)20 7822 0200 -ends- Notes to Editors: About B.P. Marsh & Partners Plc B.P. Marsh's current portfolio contains nine companies. More detaileddescriptions of the portfolio can be found at www.bpmarsh.co.uk. Over the past 16 years, the Company has assembled a management team withconsiderable experience both in the financial services sector and in managingprivate equity investments. Many of the directors have worked with each other inprevious roles, and all have worked with each other for at least three and ahalf years. Prior to Brian Marsh's involvement in the Company, he spent many years ininsurance broking and underwriting in Lloyd's as well as the London and overseasmarket. He has over 30 years' experience in building, buying and sellingfinancial services businesses, particularly in the insurance sector. Managing Director, Natasha Dunbar, has over 10 years' experience in thefinancial services industry. Having joined the Company in 1994 she was mademanaging director in March 2002. Natasha is responsible for the day to dayrunning of all operational aspects of the business and works closely with BrianMarsh in defining the strategic development of the Company. Francis de Zulueta is the Company's Development Director. With a wide-rangingknowledge of the financial services market, he seeks out, researches andevaluates potential new investments for B.P. Marsh. Following a 23-year brokingcareer with Willis Faber and Aon, among others, he took an active interest inthe mergers, acquisitions and venture capital business of Marsh McLennan. Jonathan Newman is the Group Director of Finance and has 9 years' experience inthe financial services industry. Jonathan advises investee companies throughseveral non-executive board appointments and evaluates new investmentopportunities. This information is provided by RNS The company news service from the London Stock Exchange