Frenkel Topping Regulatory News (FEN)

26 January 2021

Frenkel Topping Group plc

("Frenkel Topping", the "Company" or the "Group")

Directorate Change

Frenkel Topping (AIM: FEN), the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, is pleased to announce the appointment of Right Honourable Mark Field as a Non-executive Director of the Company with immediate effect.

Mr Field is a former MP and FCO Minister who, during his tenure in UK Parliament, represented the prestigious central London constituency of the Cities of London and Westminster. Mr Field held this position for over 18 years during which time he also served as the Minister for State at the Foreign and Commonwealth Office and as vice-chair of the Conservative Party. Prior to this, Mark practised as a corporate lawyer at Freshfields and also set up, ran, and sold Kellyfield Consulting, a specialist legal recruitment company.

Since leaving Parliament, Mark has embarked on a portfolio career which includes senior advisory roles to multiple public and private sector companies. Most recently, Mark has been appointed as Chairman of Capital International Bank, a new digital bank based in the Isle of Man.

Richard Fraser, Chief Executive Officer of Frenkel Topping, said:

"The Board is delighted to welcome Mark to the Group, he brings with him a wealth of business and advisory experience and we look forward to working with him as we continue to execute our growth strategy and consolidation of the PI and Clinical Negligence marketplace."

Rt. Hon Mark Field, commented:

"I am thrilled to be joining the Frenkel Topping team at this exciting time in its development. I have been impressed by the ambitious future plans set out by the senior executives and look forward to working alongside them to achieve success in consolidating the Personal Injury and Clinical Negligence sector."

For further information: 

The following information is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies in connection with the appointment of Mark Field to the Board of the Company as a Non-executive Director:

Full name: Mark Christopher Field

Age: 56 years

As at the date of this announcement Mark holds no ordinary shares of 0.5p each in the capital of the Company.

Directorships/Partnerships:

About Frenkel Topping Group: 

The financial services firm consists of Frenkel Topping Limited, Ascencia Investment Management, Obiter Wealth Management, Equatas Accountants and Forth Associates.

The group of companies specialises in providing financial advice and asset protection services to clients at times of financial vulnerability, with particular expertise in the field of personal injury and clinical negligence.

With more than 30 years' experience in the industry, Frenkel Topping has earned a reputation for commercial astuteness underpinned by a strong moral obligation to its clients, employees and wider society, with a continued focus on its Environmental, Social and Governance (ESG) impact.

Through its core business, Frenkel Topping Limited, the firm supports litigators pre-settlement in achieving maximum damages, by providing expert witness services, and post-settlement to achieve the best long-term financial outcomes for clients after injury. It boasts a client retention rate of 99%.

The Group's discretionary fund manager, Ascencia, provides financial portfolios for clients in unique circumstances. In recent years Ascencia has diversified its portfolios to include a Sharia-law-compliant portfolio and a number of ESG portfolios in response to increased interest in socially responsible investing (SRI).

Obiter provides a generalist wealth management service - including advice on Savings and Investments; Tax planning; Life Insurance; Critical Illness and Income protection; Endowment advice and Keyman Insurance, with a particular specialism in financial advice on pensions and pension sharing orders for the clients of divorce and family lawyers. Obiter applies the same core principles of honesty, transparency, responsibility and reliability to individuals, regardless of background or situation.

In 2019, Frenkel Topping launched its accountancy arm, Equatas, to assist clients with tax planning and move closer to providing a full end-to-end service under the Group brand, improving the experience for clients and maintaining the Group's standards throughout the client journey.

In 2020 Frenkel Topping acquired Forth Associates, a specialist forensic accounting services business which assists in financial and legal disputes. The acquisition makes Frenkel Topping the largest independent provider of financial expert witness reports to the claimant marketplace.

For more information visit: www.frenkeltopping.co.uk