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FEN Frenkel Topping Group Plc

51.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frenkel Topping Group Plc LSE:FEN London Ordinary Share GB00B01YXQ71 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 51.50 51.00 52.00 51.50 51.50 51.50 203,861 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 24.85M 1.65M 0.0129 39.92 65.93M

Frenkel Topping Group PLC Directorate Appointment and Board Change (3337S)

02/10/2017 7:00am

UK Regulatory


Frenkel Topping (LSE:FEN)
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TIDMFEN

RNS Number : 3337S

Frenkel Topping Group PLC

02 October 2017

Strictly embargoed until 07.00, 02 October 2017

Frenkel Topping Group plc

("Frenkel Topping" or "the Company")

Directorate Appointment and Board Change

Frenkel Topping Group plc (AIM: FEN) is pleased to announce the appointment of Paul Richardson as Executive Chairman of the Company with immediate effect. Jason Granite will continue to serve as Chief Investment Officer and a Non-Executive Director.

Paul has over 20 years of experience in financial services, predominately in the UK private banking sector. Paul spent 6 years at Coutts & Co, ultimately as head of London Private Banking, where he was responsible for GBP16bn Assets under Management and played an integral part of the team that delivered record net profit growth. He went on to design and successfully execute a change management programme, and subsequently rolled this model out across all client facing units. Since then, Paul has held roles at Barclays Wealth and Helvetia Wealth AG, where he served as director and managing director, respectively. Most recently, Paul has been performing a CEO role at Invest Africa Ltd, where he was managing the development of long term strategies and structures to diversify revenues and refocus the business model to scale and to grow. Paul is an admitted solicitor with a post graduate degree from the College of Law at Guildford.

Jason Granite, Chief Investment Officer of the Company, commented:

"The past two years has seen a step change at Frenkel Topping; we have grown assets under management by 17% to GBP778m, launched our own discretionary fund management business, increased revenue by 34% and are on track to triple the operating profit of the firm between 2016 and 2017. We have built a highly cash generative business with cash balances of GBP5m, acquired a new head office, implemented new systems and processes across the business and grown the team to 59 people. I am extremely proud of what we have achieved over this period but I am more excited about the future. This is reflected in the recent increase in my own shareholding in the Company and that of the previously announced concert party connected to myself. I am excited because Paul, as Executive Chairman, has the experience and track record in the wealth management industry to take Frenkel Topping to the next level and achieve the growth in shareholder value that we are all committed to. We as a Board welcome Paul and believe that his appointment, together with the recently announced appointment of Stephen Bentley as Finance Director, give the Board the perfect balance to drive the business towards its medium term targets."

The following information regarding the appointment of Paul Donald Richardson, aged 51, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current directorships     Former directorships and/or 
  and/or partnerships:      partnerships (within the 
                            last five years): 
 WellChild Trust Trustee   Chatom Capital LLP 
 Kingsdown TV Ltd          Chatom (P&R) Ltd 
 E-giving Ltd              Air Partner (India) Ltd 
                           Air Partner AG 
                           Chatom Ltd 
                           Maddox Capital Advisors 
                            Ltd 
                           Invest Africa Ltd 
                           Helvetia Wealth AG 
                           Air Partner Plc 
 

Paul Richardson has no shareholding in the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

For further information:

 
 Frenkel Topping Group plc                   www.frenkeltopping.co.uk 
  Jason Granite, Chief Investment 
  Officer 
                                                   Tel: 0161 886 8000 
 
 finnCap Ltd                                       Tel: 020 7220 0500 
 Adrian Hargrave / James Thompson 
  / Alex Price 
 Tony Quirke 
 
 Walbrook PR Ltd                                   Tel: 020 7933 8780 
                                     or frenkeltopping@walbrookpr.com 
 Paul McManus                                      Mob: 07980 541 893 
 Nick Rome                                         Mob: 07748 325 236 
 

About Frenkel Topping: www.frenkeltopping.co.uk

Frenkel Topping provides specialist independent financial advice focussed on asset protection for clients. The specialist independent financial adviser has a market leading position providing advice and fund management services for personal injury trusts and clinical negligence awards and is well placed to provide services to a wider customer base.

The Company provides a range of wealth management services including bespoke investment portfolios, financial and tax planning. It is focused on increasing its assets under management by growing the number of fee earners who are qualified to provide benefits protection for a variety of needs as the Company adds to its personal injury and clinical negligence specialism.

It has a national presence with offices in Manchester, Birmingham, Cardiff, London and Leeds and has relationships and infrastructure in place to further grow its reach and target markets.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 02, 2017 02:00 ET (06:00 GMT)

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