Directorate change
(Thomson Reuters ONE) - LSE: CIN 11 November, 2009 City of London Group Plc Directorate ChangeCity of London Group Plc has appointed a new top management team,with strong City experience and reputation, to continue to exploitopportunities in the financial services field as the economyrecovers. The team, with strong City experience and reputation, isled by Eric Anstee as Chief Executive. It starts work immediatelyand has identified initial investments including financing forprofessional practice firms.Mr Anstee, whose earlier years were spent as a partner with Ernst &Young, is currently Non-Executive Director with the FinancialReporting Council, Insight Asset Management (the UK institutionalinvestment wing of Bank of New York Mellon) and with Paypoint plc andserves on The Takeover Panel Appeals Board. He was until 2006 ChiefExecutive Officer of the Institute of Chartered Accountants. He isjoined on the Board by John Kent as Executive Director, CorporateDevelopment. Mr. Anstee and Mr. Kent have worked together at threeFTSE 100 companies since 1996 - Eastern Electricity, Energy Group andOld Mutual.A third member of the team is Trevor Hanham, a highly experiencedGeneral Manager with a strong IT background and a career spent withBT.In the short term, the team will pursue significant investmentopportunities where discussions are already taking place. Thereafter,the Group intend to exploit situations where the mainstream bankshave withdrawn support from growing small and medium sized businessesand practices, both listed and unlisted.City of London is an Investment Company under chapter 15 of theListing Rules.A further announcement will be made shortly in relation to LR 9.6.13.Further info:City of London Group PlcHenry Lafferty, Chairman: 07860 788551Eric Anstee, CEO: 07836 666339Tel: 020 7628 5518Seymour Pierce LimitedChris HowardTel: 020 7107 8000Note to Editors: Biogs of the three executives attached forinformation.Eric Anstee is a Chartered Accountant with a strong City reputation.He is currently Non-Executive Director with The Financial ReportingCouncil, Insight Asset Management (the UK institutional investmentwing of Bank of New York Mellon) and with Paypoint plc, as well asserving on The Takeover Panel Appeals Board. His past Non-Executivepositions have included Chairman of Mansell plc, SSL Internationalplc and Severn Trent plc. His early career included a period of 10years as a partner with Ernst & Young and a three year secondment toHM Treasury.Until the end of 2006 he was Chief Executive of The Institute ofChartered Accountants. Prior to that, his executive positionsincluded Chairman and CEO of Old Mutual Financial Services plc. Hehas been CFO of three FTSE100 companies - Old Mutual plc, The EnergyGroup plc and Eastern Electricity plc.John Kent is a corporate development specialist with a background inGovernment, the City and Industry. He is currently Chairman of twoprivate equity firms and a Non-Executive Director of TTT MoneycorpLtd, the foreign exchange business. He has led strategy and corporatefinance/development for three FTSE 100 groups in the energy andfinancial services sectors. More recently he has been acting as acorporate development consultant, advising companies such as CloseBros, Filtronic plc. and Aga Rangemaster Group plc. His earliercareer as a "fast stream" civil servant in DTI/Treasury included theinitial privatization programme. This was followed by a successfulspell in Lloyds Merchant Bank, where he became a main board directorand the largest fee generator during the early 1990s.Trevor Hanham is a highly motivated General Manager with over 27years experience in Telecommunications, across a broad range ofdisciplines. Currently an independent consultant, he has spent mostof his career with BT where he specialized in the internationalarena, having been appointed as Managing Director, East & West Africafor the new Concert global venture between AT&T and BT. This followedresponsibility within BT for some 16 countries across East & WestAfrica, managing a full range of business services and relationshipswith incumbent carrier operators, new entrants, governments andregulators following the liberalization of telecommunications marketsduring the 1990s. Prior to his international experience he acted asAccount Director for BT's blue chip clients in the UK.Picture of Eric Anstee :http://hugin.info/138319/R/1353938/328062.jpg(CEO)Picture of John Kent :http://hugin.info/138319/R/1353938/328063.jpg---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.11.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 8202
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 259 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Directorate change"
steht unter der journalistisch-redaktionellen Verantwortung von
City of London Group PLC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
