Polar Capital Holdings PLC Appointment of new CEO (5468U)

TIDMPOLR

RNS Number : 5468U

Polar Capital Holdings PLC

19 January 2017

19 January 2017

Polar Capital Holdings plc

Appointment of new CEO

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the investment management boutique, today announces the prospective appointment of Gavin Rochussen to the Board to succeed Tim Woolley as Chief Executive. Gavin will take up his new position in July 2017. Contemporaneous with Gavin commencing his new role Tim will stand down as Chief Executive and will move to a non-executive position.

From 2008 to 2016 Gavin was group CEO of J O Hambro Capital Management ("JOHCM") the active equity investment boutique acquired by Australian listed fund management group BT Investment Management Limited. Whilst CEO of JOHCM Gavin led the business as it grew from GBP1.5bn of equity assets under management to GBP23.9bn at 30 September 2016. Prior to his time at JOHCM Gavin was, from 2003 to 2008, CEO of Fleming Family Partners.

Tom Bartlam, Chairman of Polar Capital commented "We are delighted to have attracted someone of Gavin's experience to take over from Tim as CEO of the Group. Gavin has a proven track record of successfully managing a boutique equity investment house and we are all excited at the opportunities in front of us as Gavin takes over the reins at Polar Capital. We all owe Tim a great debt of gratitude for leading the firm, which he founded with Brian Ashford-Russell and Caledonia Investments plc, so well over the past seven years and having grown assets under management from GBP1.2bn when he returned, as CEO in November 2009 to GBP8.4bn at 31 December 2016. We are also pleased that that Tim will continue to serve on the Board and that the Group will continue to benefit from his expertise."

Enquiries:

 
 Polar Capital Holdings PLC 
  Tom Bartlam (Chairman) 
  Tim Woolley (CEO)            [phone] 
  John Mansell (COO)            2700 
 Canaccord Genuity - Nomad 
  and Joint Broker 
  Simon Bridges (QE) 
  Andrew Buchanan              [phone] 
  Kit Stephenson                8000 
 Peel Hunt - Joint Broker      [phone] 
  Guy Wiehahn                   8893 
 Camarco - PR Advisers         [phone] 
  Ed Gascoigne-Pees             4984 
 

A full list of Gavin Rochussen's current directorships and past directorships held within the last five years are listed below.

Current Directorships (as at 17 January 2017)

 
 Position                             Company 
 Executive Director - International   J O Hambro Capital Management 
                                       Holdings Limited 
 Director                             BTIM UK Limited 
 Director                             JOHCM (Singapore) Pte 
 President and Director               JOHCM (USA) Inc. 
 Partner representative               James Hambro & Partners 
                                       LLP 
 Governor and Director                Tonbridge School 
 Advisor                              The Gani (IOM) Trust and 
                                       Amigona Holdings Inc. 
 

Past Directorships (in the last five years)

 
 Position          Company 
 Chief Executive   J O Hambro Capital Management 
                    Limited 
 

Gavin Rochussen does not currently hold any shares in the capital of the Company.

Save as disclosed above, there are no further disclosures required to be made in respect of the appointment under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 19, 2017 02:00 ET (07:00 GMT)