Shore Capital Group Limited
12 March 2012
To: Appointments editors 12 March 2012
SHORE CAPITAL APPOINTS SENIOR ADVISER IN ITS
ASSET MANAGEMENT BUSINESS
Shore Capital, manager of the Puma range of VCTs, announces the appointment of Christian Yates as Senior Adviser within its asset management business. Until recently Christian was a Partner at specialist cleantech investment manager Hazel Capital where he helped establish a renewable energy infrastructure business and launch several funds investing in both public and private equity. He remains a Director of the Hazel Renewable Energy VCT 2 plc.
With over 20 years experience in the fund management industry, Christian has previously held senior positions at Bear Stearns, Julius Baer Group, Chase Asset Management and Lazard Asset Management. He is an active investor in the field of renewable energy and is a director of, and investor in, a developer of large-scale biomass power plants in the UK.
Commenting Group Commercial Director, David Kaye said: "We are delighted to welcome Christian to the team. He brings a wealth of senior asset management experience and a proven track record in product innovation. At Shore Capital, Christian will be looking to identify new opportunities, as well as develop a range of products building upon our excellent track record in the VCT market."
Christian Yates added: "I am very excited to be working with Shore Capital. The team here is well regarded within the VCT arena and the performance of the Puma VCTs reflects their expertise. I'm looking forward to developing new products building on Shore Capital's proven track record."
In 2011, Shore Capital's Puma Venture Capital Trusts were the first planned exit VCTs to have returned to shareholders 100p in cash, equivalent to a 66% total return tax free. Launched in 2005, the five year limited life Puma VCT plc and Puma VCT II plc raised over GBP19m. Shore Capital's latest offering, Puma VCT 8 plc, will close on 5 April 2012.
- Ends -
Quill PR Fiona Harris 020 7466 5058
Jo Stonier 020 7466 5066
About Shore Capital
1. Shore Capital is an AIM-listed independent investment group. Shore Capital specialises in principal finance, equity capital market activities and alternative asset management. The Equity Capital Markets division ("ECM") offers a wide range of services for companies, institutions and other sophisticated clients, including corporate finance, stock broking and market-making. Shore Capital Limited manages specialist funds, with a particular focus on alternative asset classes, and has funds under management of GBP1.2 billion.
2. With a 25 year record and over 100 employees based in Guernsey, London, Liverpool, Edinburgh and Berlin, Shore Capital Group Limited operates a number of successful businesses: Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited are each authorised and regulated by the Financial Services Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.
3. Further information on Shore Capital, its products and services can be found at www.shorecap.gg and on the Puma VCT range at www.pumainvestments.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange