5 Jul 2017 07:00
5 July 2017
Cenkos Securities plc
("Cenkos" or the "Company")
Directorate Changes
As reported on 12 May 2017, Jim Durkin, the Company's Chief Executive Officer had informed the Company of his intention to retire from the Company. The Company has since undertaken a search for a successor to Jim Durkin.
Following the completion of this search, Cenkos is pleased to announce that, subject to FCA approval, Anthony Hotson is to be appointed as an Executive Director and to the position of Chief Executive Officer with effect from 1 August 2017. Anthony Hotson has been a Non-Executive Director of the Company since May 2012.
Jim Durkin will resign from the Board and from the position of Chief Executive Officer on 1 August 2017 and will leave the Company on 31 December 2017.
Anthony has extensive experience in financial services having previously worked for the Bank of England, McKinsey & Company and S.G. Warburg. He started his career in the Economics Division of the Bank of England, subsequently moving to the Governors' Office and Money Markets Division. In 1986, he was seconded to the newly-formed Building Societies Commission as Assistant Commissioner. Thereafter, he was employed by McKinsey & Company before joining the corporate finance division of S.G. Warburg. He was a Director of S.G. Warburg & Co. Ltd. from 1992 to 1995 and subsequently Managing Director and Head of the Financial Institutions Group, SBC Warburg (subsequently UBS) until 1998. Following this he served as Non-Executive director in the insurance, fund management and banking sectors, including as a Non-Executive Director of Henderson Group plc where he was a member of the group board and Chairman of its subsidiary companies, London Life and Towry Law. Anthony is Deputy Director of the Centre for Financial History and a senior member of Darwin College, Cambridge.
Gerry Aherne, Chairman said:
"The Board would like to thank Jim for all his hard work and the significant contribution that he has made to the development of the business and he will leave with our best wishes."
"I have every confidence in Anthony in leading the Company going forward as the Company's new Chief Executive Officer. Anthony is exceptionally well placed to undertake the role and his wealth of experience will be a valuable asset for the Company in his new executive role. Having been a director of the Company since May 2012, Anthony has previously been involved in reviewing the firm's structure, governance and processes, including the impact that changing regulations may have, and he has been actively involved with the management of the Company in this respect. "
Enquiries:
Jim Durkin +44 20 7397 8900
Chief Executive Officer
Cenkos Securities plc
Dr Azhic Basirov / David Jones / Ben Jeynes +44 20 7131 4000
Nominated Adviser
Smith & Williamson Corporate Finance Limited
David Rydell / Duncan Mayall +44 20 3772 2496
Bell Pottinger