Tatton Asset Management Regulatory News (TAM)

21 Apr 2008 07:00

Titanium Asset Management Corp21 April 2008 Titanium Asset Management Corp. Board Changes Titanium Asset Management Corp. ("Titanium" or the "Company") (AIM: TAM)announces that, following the recent acquisition of National Investor Services,Inc. which constituted a Qualified Business Combination under the terms of itscertificate of incorporation, the board of the Company has reviewed the rolesand responsibilities of its executive directors and is making two changes. John Sauickie, who has served as the Company's CEO since its IPO in June 2007,is stepping down from the board to focus full time on the management of USequity strategies at the Company's subsidiary, Wood Asset Management, Inc.,having previously divided his time between his executive and fund managementroles. This move will take immediate effect. Wood's principal activity is themanagement of mid- and large-cap US equities based on its own fundamentalresearch. Clients include high net worth individuals, foundations, pension plans and brokerage firms. At the same time, Nigel Wightman, currently the Chairman of Titanium and a 30-year international asset management industry veteran, will become the Company's CEO. Prior to joining Titanium he held senior management roles at a number of major international asset management companies including State Street and NM Rothschild. These moves will allow John Sauickie to focus his full attention on the management of client portfolios amid volatile market conditions while Nigel Wightman assumes responsibility for the next stage in the development of the Company. For further information: Titanium Asset Management Corp.Nigel Wightman, Chairman and CEO + 44 7789 277849 Seymour Pierce LtdJonathan Wright + 44 20 7107 8000 Penrose FinancialGay Collins + 44 20 7786 4888Kay Larsentitanium@penrose.co.uk This information is provided by RNS The company news service from the London Stock Exchange