Last checked at 2 Jul 2009 07:00
Titanium Asset Management Corp.
('Titanium' or the 'Company')
Appointment of director
Titanium Asset Management Corp., the multiproduct asset management company, is pleased to announce the appointment of Mr. Shy Talmon as a director of the Company. Mr Talmon has been appointed by Clal Finance Ltd ("Clal Finance"), Titanium's largest shareholder, pursuant to the terms of the certificate of incorporation and bylaws of the Company at the time of admission of the Company to AIM.
Mr Talmon, 51, was recently appointed the CEO of of Clal Insurance Enterprises Holdings Ltd. From 2000 to 2008 Mr Talmon worked at Israel's biggest bank, Bank Hapoalim, where he was most recently its deputy CEO and head of its corporate banking department. From 1995 to 1999, Mr Talmon worked at the Israel Finance Ministry.
Nigel Wightman, Chairman and CEO of Titanium,said today: 'We are delighted to welcome Shy Talmon to the board of Titanium and look forward to working closely with him as we look to grow the business and capitalise on the opportunities available to us.'
Mr Talmon is a director or has been a director of the following companies during the previous five years:
Current Directorships:
Clal Health Insurance Company Ltd
Clal Credit Company Ltd
Clal Gemel Ltd
Meitavit-Atudot Pension Funds Management Company Ltd
Clal Agency Holdings (1998) Ltd
Betah Ltd
Clal First Ltd
Clal First-Health Ltd
Toren Insurance Agencies Ltd
Tmura Insurance Agency (1987) Ltd
Clalbit Health General Insurance Agency (1999) Ltd
Ararat Holdings Ltd
Clal Credit & Finance Ltd
Clal Health Hospitalization Services Ltd
Clal Health O.R.S Hospitalization (Haifa) Ltd
Clal Health Hospitalization Services (Eyal) Ltd
Clal Financing Business Credit Ltd
Clal Insurance Company Properties Ltd
Ilite Real Estate A.P. Ltd
Ararat Property Ltd
Clalbit Systems Ltd
Canaf - Clal finance Management Ltd
Clalbit Insurance Agency Ltd
Clal Finance Insurance Agency Ltd
Clal Pension Services Ltd
Clalbo Ltd
Clal Health Solutions Insurance Agencies (1989) Ltd
Meitavit Provident Fund (2003) Ltd
Sinai Loss Adjusters Ltd
Shuma-Israeli Company for Assessments Ltd
Dental Health General Fund
Clal Income Generating Assets Ltd
NorGuard Insurance Group
AmGuard Insurance Company Ltd
WestGuard Insurance Company Ltd
EastGuard Insurance Company Ltd
Broadgate Underwriting Limited
S.C Clal Romania Asigurari Reasigurari S.A.
Directorships held within the previous five years:
Isracard Ltd
Mr Talmon holds no shares in the Company.
There are no other matters which are required to be announced with regard to these appointments under paragraph (g) of Schedule 2 of the AIM Rules.
For further information please contact:
Titanium Asset Management Corp.
Nigel Wightman, Chairman and CEO +44 20 7822 1881 or + 44 7789 277849
Seymour Pierce Ltd
Jonathan Wright +44 20 7107 8000
Penrose FinancialGay Collins/Elisha Vincent +44 20 7786 4882 or +44 7798 626282
titanium@penrose.co.uk