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4 Jun 2021 09:09
4 June 2021
Record plc
Board Changes
Record plc ("Record"), the specialist currency and derivatives manager, today announces the resignation of non-executive director Jane Tufnell, who will stand down from the Board for personal reasons at the company AGM on 27 July 2021.
Neil Record, Chairman of Record, commented: "Jane has been a source of invaluable advice and guidance to the Record Board over the past years. Her previous career in an entrepreneurial role in a very successful fund manager has given her strong insights into the effective management of challenger asset management businesses. We at Record have benefitted enormously from this knowledge and experience, and we thank her most warmly for her service and wish her well".
This announcement is made in compliance with the Company's obligations under the Listing Rules, specifically Rule 9.6.11.
Enquiries:
Record plc +44 (0) 1753 852 222
Neil Record - Chairman
Leslie Hill - Chief Executive Officer
Buchanan +44 (0) 20 7466 5000
Giles Stewart record@buchanan.uk.com
Victoria Hayns
Henry Wilson
George Beale
Notes to Editors
Record plc
Founded in 1983, Record is an independent, specialist currency and derivatives manager and has established a market leading position in managing Currency Hedging and Currency for Return for institutional clients.
The Group has four principal reporting lines:
- | Dynamic Hedging, where Record seeks to eliminate the impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies when these movements are expected to result in an economic loss to the client, but not to do so when they are expected to result in an economic gain; |
- | Passive Hedging, where Record seeks to eliminate fully or partially the economic impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies; |
- | Currency for Return, in which Record enters into currency contracts for clients with the objective of generating positive returns; and |
- | Multi-Product, where the client mandate includes combined hedging and return-seeking objectives. |
Record (LSE: REC) was admitted to trading on the London Stock Exchange on 3 December 2007.
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