POLAR CAPITAL HOLDINGS PLC 7 April 2020
Polar Capital Holdings plc
Board Changes
Appointment of New Chairman and Additional Non-Executive Director
Polar Capital Holdings plc ('Polar Capital' or the 'Group'), the specialist active asset management group, is pleased to announce the following changes to the Board of Directors. David Lamb and Andrew Ross are to be appointed at the Board meeting on 9 April 2020 and it is anticipated that David Lamb will be appointed Non-Executive Chairman following the retirement of Tom Bartlam at the Annual General Meeting which in normal circumstances is held in late July.
David Lamb has over 30 years' leadership experience within the asset management sector, including as Managing Director and Chairman of the Investment Committee at St James's Place plc, responsible for £115bn in AUM, having joined the firm at inception and been a member of the main PLC board since 2007. David is also currently a Non-Executive Director of the Henderson Smaller Companies Investment Trust plc and Deputy Chairman of the Board of Governors of the University of West of England.
David will succeed Tom Bartlam who was appointed to the Board in July 2007 and became Chairman in September 2007. He will also take on the chairmanship of the Nomination Committee and join the Remuneration Committee following the AGM.
Andrew Ross is a highly experienced financial services practitioner having spent over 20 years in senior roles at investment and wealth management firms. Andrew was Chief Executive Officer of Cazenove Capital Management from 2001, growing assets from £7bn to £24bn until its acquisition by Schroders plc in 2013, where he became Global Head of Wealth Management. Andrew is currently Vice Chairman Wealth Management at Schroders plc and a Non-Executive director of Witan Investment Trust plc where he is due to take over as Chairman at the next AGM in April. Andrew will be joining the Audit and Risk, Nomination and Remuneration Committees following the AGM.
Both appointments are subject to the receipt of the usual regulatory references.
Tom Bartlam, Chairman of Polar Capital, commented:
'I am delighted that David will succeed me as Chairman of Polar Capital Holdings and that Andrew is to join the Board as Non-Executive Director. Both Andrew and David bring a wealth of experience within the investment management sector that will help the Group continue to deliver on its strategic objectives.'
Gavin Rochussen, Chief Executive of Polar Capital, commented:
'I would like to thank Tom for his dedication to the Group throughout his tenure as Chairman and invaluable advice. I also look forward to welcoming David and Andrew as members of the Board and working with them as the Group continues to grow and diversify.'
With the appointment of David Lamb and Andrew Ross, Mr Cayzer- Colvin will step down from the Audit and Risk, Nomination, and Remuneration Committees at the conclusion of the AGM.
The following details in relation the appointment of David Lamb (age 63) are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships | Past directorships held within last five years |
THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC NON-EXECUTIVE DIRECTOR & MEMBER OF AUDIT & RISK COMMITTEE 2013 - PRESENT CRACKSTONE CONSULTANCY LIMITED 2016 - PRESENT | ST. JAMES'S PLACE PLC 2007 - 2019 ST. JAMES'S PLACE UK PLC 1997 - 2016 ST. JAMES PLACE UNIT TRUST GROUP LIMITED 1997-2019 ST. JAMES'S PLACE WEALTH MANAGEMENT PLC 2002 - 2019 SJP AESOP TRUSTEES LIMITED 2011 - 2019 ST.JAMES'S PLACE MANAGEMENT SERVICES LIMITED 2011 - 2019 ST. JAMES'S PLACE WEALTH MANAGEMENT GROUP LIMITED 2011 - 2019 ST.JAMES'S PLACE (PCP) LIMITED 2011 - 2019 ST. JAMES'S PLACE ACQUISITION SERVICES LIMITED 2011 - 2019 ST. JAMES'S PLACE CHARITABLE FOUNDATION 2011 - 2019 ST. JAMES'S PLACE PARTNERSHIP SERVICES LIMITED 2013 - 2019 ST. JAMES'S PLACE INVESTMENT ADMINISTRATION LIMITED 2013 - 2019 ST. JAMES'S PLACE NOMINEES LIMITED 2013 - 2019 ST. JAMES'S PLACE INTERNATIONAL DISTRIBUTION LIMITED 2013 - 2018 ST. JAMES'S PLACE DFM HOLDINGS LIMITED 2015 - 2019 ST JAMES'S PLACE WEALTH MANAGEMENT (PCIS) LIMITED 2008 -2019 PERSONAL INVESTMENT MANAGEMENT AND FINANCIAL ADVICE ASSOCIATION 2011 - 2019 |
The following details in relation the appointment of Andrew Ross (age 61) are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships | Past directorships held within last five years |
BELNOR FARMS LIMITED 2018 - PRESENT WITAN INVESTMENT TRUST PLC 2019 - PRESENT WITAN INVESTMENT SERVICES LIMITED 2019 - PRESENT | BENCHMARK CAPITAL LIMITED 2016 - 2018 CAZENOVE CAPITAL MANAGEMENT LIMITED 2001 - 2016 CAZENOVE INVESTMENT FUND MANAGEMENT LIMITED 2002 - 2016 CAZENOVE NEW EUROPE (CFM1) LIMITED 2005 - 2018 CAZENOVE NEW EUROPE (PPI) LIMITED 2005 - 2018 CAZENOVE NEW EUROPE CAZENOVE'S INTEREST LIMITED 2005 - 2015 CAZENOVE NEW EUROPE STAFF INTEREST LIMITED 2005 - 2018 CAZENOVE PRIVATE EQUITY LIMITED 2005 - 2015 CCM NOMINEES LIMITED 2007 - 2018 SCHRODER & CO. LIMITED 2013 - 2018 SCHRODER WEALTH MANAGEMENT (US) LIMITED 2017 - 2018 THORNHILL INVESTMENT MANAGEMENT LIMITED 2010 - 2015 THORNHILL UNIT TRUST MANAGERS LIMITED 2010 - 2015 CHILCOMB WEALTH LTD 2017 - 2018 BLIND VETERANS UK 2008 - 2017 PERSONAL INVESTMENT MANAGEMENT AND FINANCIAL ADVICE ASSOCIATION 1997 - 2018 Cazenove Capital Management Jersey Limited 2008 - 2016 Schroder & Co Bank AG 2016 - 2018 Schroder & Co. (Asia) Limited 2016 - - 2019 Schroder & Co. (Hong Kong) Limited 2012 - 2019 Schroders (C.I.) Limited 2013 - 2018 Schroders Italy SIM S.p.A. 2016 - 2018 |
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.
For further information please contact:
Polar Capital
Gavin Rochussen (Chief Executive) | +44 (0)20 7227 2700 |
Numis Securities Limited - Nomad and Joint Broker Charles Farquhar Stephen Westgate Kevin Cruickshank (QE) | +44 (0)20 7260 1000 |
Peel Hunt LLP - Joint Broker Guy Wiehahn Andrew Buchanan | +44 (0)20 7418 8893 |
Camarco Ed Gascoigne-Pees Monique Perks | +44 (0)20 3757 4995 |
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Polar Capital Holdings plc published this content on 07 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2020 06:12:22 UTC
