Manx Financial Regulatory News (MFX)

15 Sep 2009 12:15



FOR IMMEDIATE RELEASE 15th September 2009

Manx Financial Group PLC (the 'Company')

Board Changes

The Company is pleased to announce that Mr Nick Sheard has joined the Board as a Director with immediate effect.

Nick joined Conister Trust Limited ("Conister Trust") in January 2008 and is now a director of Conister Trust and Head of Risk & Compliance for Manx Financial Group PLC. Previously Nick was Deputy Director of Banking Supervision for Jersey Financial Services Commission having previously been in charge of the Isle of Man Financial Supervision Commission Banking Supervision team. He has over 20 years experience in banking and financial markets having worked in various senior roles in finance, compliance and risk management for several major investment banks; notably as Head of Regulatory Risk for NatWest Markets and Deputy Head of Financial Regulation at CSFB Europe. Nick was born and educated on the Isle of Man and has considerable international experience having worked in London, Frankfurt and Belgium. He holds an MSc in Financial Regulation and Compliance Management and a BA Hons in Accounting and Finance.

AIM Disclosures on Nick Sheard are:

The directorships held by Mr Nicholas Howard Sheard, 46, in the previous five years are as follows:

Current

Conister Trust Limited

Bradburn Limited

Former

None

Nick Sheard does not hold any Ordinary Shares in the Company.

There is no further information to be disclosed under Schedule Two (g) (i) - (viii) of the AIM Rules for Companies.