Last checked at 22 Mar 2018 16:03
22 March 2018
Record plc
Board Change
Tim Edwards appointed as an independent non-executive director
Record plc ("Record"), the specialist currency manager, today announces the appointment of Tim Edwards as an independent non-executive director with effect from 21 March 2018.
Tim is a qualified Chartered Accountant with a widespread background in corporate finance and investing. He has extensive corporate development and people management experience.
Tim is currently the Chair of Storm Therapeutics Limited, COO of Ervaxx Limited, a Governing Body member of Innovate UK, Chair of Governors at Magdalen College School and a Trustee of the Institute for Research in Schools.
Neil Record, Chairman of Record, commented: "I am pleased that Tim has accepted a position on the Record plc Board. I am confident that he will add considerable insight and value and will help to ensure that the business continues to maintain its strong governance and client-focused culture well into the future. My Board colleagues and I are delighted to welcome him to the Board, and we are very much looking forward to working with him."
There are no other disclosures required under Listing Rule 9.6.13.
Enquiries:
Record plc Tel: +44 (0)1753 852 222
Neil Record, Chairman
James Wood-Collins, Chief Executive Officer
MHP Tel: +44 (0) 20 3128 8100
Nick Denton record@mhpc.com
Ollie Hoare
Notes to Editors:
Record plc
Record is a specialist currency manager and provider of currency hedging services for institutional clients. Founded in 1983, Record has established a market leading position as a currency manager. Specifically, the Group has a 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 3rd December 2007.