Last checked at 1 Aug 2016 07:00
1st August 2016
European Wealth Group Limited
("European Wealth", or the "Group")
Directorate Changes
European Wealth (AIM: EWG, EWGL), the integrated wealth management group, is pleased to announce the following Board changes, effective immediately.
John Morton is to become Group Chief Executive from his previous role as Executive Chairman.
Kenneth 'Buzz' West, a Non-Executive Director, is appointed to Non-Executive Chairman. Kenneth is currently a senior Non-Executive director at AIM listed telecoms company, Norcon, and a Director of the Telematics group, Pinnacle Plus Holdings. He was previously the Chairman of AIM listed wealth manager, Ashcourt Rowan and Chairman of the loss adjusting group, GAB Robins.
Simon Ray, the Group Chief Operating Officer, is appointed to the Board as an Executive Director. He was previously the head of Aventus Capital Management, and has over 20 years' experience in the wealth management industry. He joined European Wealth as part of the acquisition of Aventus in 2011.
John Morton, Group Chief Executive of European Wealth said:
"We are delighted to appoint Buzz to Non-Executive Chairman. He has been a valuable member of the Board and we look forward to continuing to draw upon his experience as European Wealth grows.
"I am also delighted that Simon has agreed to join the Board. In his capacity as Chief Operating Officer he has been instrumental in supporting the development of European Wealth as an established wealth management business."
Additional Information
In accordance with the AIM Rules, the following information required to be disclosed in relation to Simon Ray is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.
Full name and age:
Simon Gilbert Ray, aged 49
Current beneficial shareholding in the Group:
1.03%
Current Directorships:
European Investment Management Limited
European Financial Planning Limited
European Wealth Trading Limited
Former Directorships:
None
Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
-Ends-
For further details, please contact:
European Wealth Group Limited | Tel: +44 (0)20 7293 0733 |
John Morton | www.europeanwealth.com |
Panmure Gordon (UK) Limited (Nomad and Broker) | Tel: +44 (0)20 7886 2500 |
Fred Walsh | |
Alina Vaskina | |
Newgate Communications | Tel: +44 (0) 20 7680 6550 |
Alistair Kellie | |
Adam Lloyd | |
Ed Treadwell |
About European Wealth Group Limited
European Wealth Group Limited (AIM: EWG, EWGL) is the holding company for the integrated wealth management business, European Wealth Management Group Limited. Having commenced trading in 2010, European Wealth has two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both are regulated by the FCA . EIM has opted for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with an expanding network of offices both in the UK and continental Europe. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com