DGAP-News: W.P. Stewart&Co., Ltd. Appoints Michael Maquet as Chief Executive Officer
(firmenpresse) - W.P. Stewart&Co., Ltd.
07.06.2013 14:38
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NEW YORK, 2013-06-07 14:38 CEST (GLOBE NEWSWIRE) --
W.P. Stewart&Co., Ltd. ('W.P. Stewart' or the 'Company') today announced that
Michael Maquet will join the Company as Chief Executive Officer as of June 10,
2013. Mr. Maquet will join the other members of the Company's senior management
team, Mark Phelps, President and Managing Director--Global Investments, and
James Tierney, Managing Director--Chief Investment Officer of the Company.
Mr. Maquet joins W.P. Stewart having spent his career in the financial services
industry, most recently at Madison Square Investors (2009-2013), an equity
asset management firm, where he served as CEO and President. He brings to the
Company a wealth of industry knowledge, functional experience and leadership
skills.
Commenting on the new appointment, Mark Phelps said, 'We welcome Mike to the
W.P. Stewart team and are excited about the value he can bring to the firm. I
look forward to working with him in developing the Company and welcome the
opportunity to devote more of my time to expanding the global investment
strategy of W.P. Stewart.'
Mr. Maquet added, 'I am thrilled to have the chance to lead a firm with such a
long and solid track record. I look forward to helping the Company more fully
realize its significant potential.'
W.P. Stewart&Co., Ltd. is an asset management company that has provided
research-intensive equity management services to clients throughout the world
since 1975. The Company is headquartered in New York, New York and has
additional operations or affiliates in Europe.
The Company's shares are currently traded on the Pink Sheets under the symbol
'WPSL'.
For more information, please visit the Company's website at
http://www.wpstewart.com, or call W.P. Stewart Investor Relations at
1-888-695-4092 (toll-free within the United States) or 1-212-750-8585 (outside
the United States) or e-mail to IRINFO(at)wpstewart.com. Statements made in this
release concerning our assumptions, expectations, beliefs, intentions, plans or
strategies are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements involve risks and
uncertainties that may cause actual results to differ from those expressed or
implied in these statements. Such risks and uncertainties include, without
limitation, the effects of the Company's 2010 corporate reorganization, the
adverse effect from a decline or volatility in the securities markets, the
general downturn in the economy, the effects of economic, financial or
political events, a loss of client accounts, inability of the Company to
attract or retain qualified personnel, a challenge to our former U.S. tax
status, competition from other companies, changes in government policy or
regulation, a decline in the Company's products' performance, inability of the
Company to implement its operating strategy, the effects of the Company's
delisting and deregistration under the U.S. Securities Act of 1934, inability
of the Company to manage unforeseen costs and other effects related to legal
proceedings or investigations of governmental and self-regulatory
organizations, industry capacity and trends, changes in demand for the
Company's services, changes in the Company's business strategy ordevelopment
plans and contingent liabilities. The information in this release is as of the
date of this release, and will not be updated as a result of new information or
future events or developments.
IRINFO(at)wpstewart.com
telephone: 888-695-4092 (toll-free within the U.S.)
212-750-8585 (outside the U.S.)
News Source: NASDAQ OMX
07.06.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: W.P. Stewart&Co., Ltd.
Bermuda
Phone:
Fax:
E-mail:
Internet:
ISIN: BMG849221061
WKN:
End of Announcement DGAP News-Service
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Datum: 07.06.2013 - 14:38 Uhr
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News-ID 267590
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