2 Sep 2008 07:00
Ashmore Group PLC
2 September 2008
Ashmore Group plc
Directorate
Ashmore Group plc ("Ashmore") today announces the appointment of Jonathan Asquith to the Board as a Non Executive Director effective 1st September 2008.
Until May 2008 Jonathan Asquith was a director of Schroders plc. There are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with his appointment.
Enquiries to:
Ashmore Group plc +44 20 3077 6000
Michael Perman
Penrose Financial +44 20 7786 4888
Gay Collins
Notes to Editors:
Jonathan Asquith (aged 51)
Jonathan Asquith was formerly Vice Chairman of Schroders plc and held the position of Chief Financial Officer between 2002 and 2007. During his time at Schroders he also had responsibility within the investment function for fixed income, emerging market debt, commodities and property and oversaw their investment capital and private equity interests. Prior to that he worked for Morgan Grenfell and was appointed as chief financial officer of Deutsche Morgan Grenfell in 1995 and chief operating officer in 1997. In 2001 he joined Barclays Private Bank, where he was head of UK private banking until his move to Schroders in 2002.
Ashmore is a specialist active value-oriented fund manager focusing on emerging markets globally, with a fund management track record going back to 1992. As one of the most successful and experienced investors in emerging markets debt, currency, and special situations incorporating distressed and private equity approaches, Ashmore is well known for its mature and innovative investment approach and outstanding performance track record.
Ashmore employs five investment themes in emerging markets: US dollar-denominated debt; local currency-denominated debt; public equities; corporate high yield; and special situations (including distressed debt and private equity). Ashmore also manages a multi-strategy fund and several structured products with investment banks.
More information is available on the Group's website www.AshmoreGroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
Ashmore (ASHM)