27 Jul 2017 07:52
27 July 2017
Charles Stanley Group PLC
("the Company")
Directorate Change
The Company is pleased to announce the appointment of Hugh Grootenhuis, subject to regulatory approval, as an Independent Non-executive Director. The appointment will take effect on the later of 1 September 2017 and the receipt of regulatory consent.
Hugh was formerly Chief Executive of Waverton Investment Management (previously J O Hambro Investment Management). Hugh is a director of S.W. Mitchell Capital Public Limited Company (since 1 January 2016) and Bridge Fund Management Limited (since 1 September 2016) both these companies are registered in Ireland. There is no other information that is required to be disclosed under Listing Rule 9.6.13.
Commenting on the appointment, Chairman Sir David Howard said "We are delighted Hugh is joining the Board. He brings a wealth of investment management experience including successfully leading Waverton through a period of great change under new ownership. Hugh will work with the rest of the Board and management as we seek to continue the successful delivery of our strategy and move us closer to our vision of becoming the UK's leading wealth manager by 2020."
For further information, please contact:
Charles Stanley Joanne Higginson PR Manager Via Redleaf | Canaccord Genuity Andrew Buchanan 020 7523 4661 | Peel Hunt Guy Wiehahn 020 7418 8893 | Redleaf Communications Charlie Geller 020 7382 4730 CScapitalmarkets@redleafpr.com |
Notes to editors:
Charles Stanley traces its origins back directly to 1792 and is one of the oldest firms on the London Stock Exchange. Charles Stanley today provides holistic wealth management services to private clients, charities and smaller institutions. These are delivered by over 400 professionals located in 24 offices throughout the UK, both direct to clients and to intermediaries. Our services include investment portfolio management and financial planning, supported by in-house administration to enhance the quality of service provided. In addition, Charles Stanley Direct provides an award winning direct to customer execution-only dealing platform for equities and funds.