1 Nov 2022 07:00
1 November 2022
MJ Hudson Group plc
(the "Company", "Group" or "MJ Hudson")
Directorate Change
MJ Hudson Group plc (AIM:MJH), the specialist service provider to the asset management industry, announces that its Chief Financial Officer, Peter Connell, has informed the Board of his decision to step down as a Director of the Company. The Board approved this change at the Company board meeting on 31 October 2022.
Peter will remain as the Group's Chief Financial Officer as it finalises its full year results for the 12 months ended 30 June 2022 (''FY22''), after which there will be a transition to a new chief financial officer. To ensure minimal disruption, the process to find Peter's replacement is already well underway and the Company expects to be able to provide a further update in the announcement of its FY22 full year results.
Matthew Hudson, CEO of MJ Hudson said:
``Peter has been with the Group since its inception when it was a single team in one location, compared with over 400 people across 10 locations today. Peter helped to steer the Company through its admission to AIM in 2019 and its considerable growth, both organically and by acquisition. He and I have been discussing for a while his long term plans to start stepping back. He will remain as CFO for now but has decided to step down from the main Board. Once a new CFO is in place, he will stay with the business to assist an orderly transition for a period. I would like to take this opportunity to thank him, on behalf of the Board and colleagues, for his hard work, dedication and contribution during his time with us. ´´
For further information, please contact:
MJ Hudson Group plc Geoff Miller, Non-Executive Chairman Matthew Hudson, CEO
| +44 20 3463 3200 |
Cenkos Securities plc (Nomad and Broker) Giles Balleny Stephen Keys Callum Davidson | +44 20 7397 8900 |
Buchanan (PR Adviser) Chris Lane Stephanie Whitmore Kim Looringh-van Beeck Jack Devoy George Cleary
| +44 20 7466 5000 |
About MJ Hudson
MJ Hudson (AIM:MJH) is the end-to-end solutions provider to the US$100 trillion+ asset management industry, specialising in its fastest growing segment, private markets (including private equity and venture capital).
The Company offers investors access to the growth in private markets as a tech-enabled 'picks and shovels' play.
Founded in 2010, by CEO Matthew Hudson (a private markets lawyer and former fund manager), MJ Hudson was admitted to the AIM market of the London Stock Exchange in 2019. The Group has grown to more than 300 professionals, serving more than 1,000 clients, across the globe, including some of the industry's largest players and 18 of the FTSE 100.
Several factors have contributed to the Group's success, to date, and support strong growth expectations, for the future:
1. Private markets are growing fast, and MJ Hudson provides the picks and shovels
2. As private markets grow, so do scrutiny and regulation, increasing the need for the Group's specialist advice and services, particularly in areas like ESG, where it has award-winning solutions
3. As it evolves, the sector is increasingly embracing technology, data, and analytics, where MJ Hudson has market-leading and award-winning tools and in which it continues to invest
4. The Group's multi-service approach creates multiple client touchpoints, building stronger, longer-term relationships, and making it easier to sell in additional MJ Hudson services
5. Performing these services generates vast amounts of data, which MJ Hudson aggregates and analyses, in order to further support its clients, by developing next-generation tools and fine-tuning existing services
For more information, please visit our website: www.mjhudson.com/investors
LinkedIn: www.linkedin.com/company/mj-hudson/ Twitter: www.twitter.com/MJHudsonCorp
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation.