Directorate Change

 
TIDMSAM 
 
For immediate release: 
 
                        Syndicate Asset Management Plc 
 
                  ("Syndicate", the "Company" or the "Group") 
 
                              Directorate Change 
 
Syndicate Asset Management Plc (AIM: SAM), the fund management group, today 
announces the resignation of Jonathan Freeman as Group Chief Executive Officer. 
The resignation follows the completion of the Company's turnaround following 
his being appointed Interim Joint CEO in March 2009. 
 
Peter Dew, Non-Executive Chairman of Syndicate, commented: 
 
"The Board is immensely grateful for the instrumental role Jonathan has played 
in restructuring the Group, strengthening its balance sheet, and ensuring that 
its operations are returned back onto the path of profitable operation as 
indicated in my interim statement. We are saddened by his decision but 
understand the sense in the timing. Our operating businesses are well 
structured with their own CEO's so it will continue to be very much business as 
usual." 
 
Jonathan Freeman added: 
 
"With the recent strengthening of the Board and stability having been returned 
to the Group's operations, it is now the appropriate juncture to be handing 
over the reins. Significant opportunities remain in the UK wealth management 
sector and the Group and its operating divisions are now well placed to develop 
in that environment. I very much expect to be able to watch the continuing 
success of Syndicate." 
 
Further announcements in relation to the Board's composition will be issued in 
due course. 
 
-Ends- 
 
Further information: 
 
Syndicate Asset Management plc 
 
Peter Dew (Chairman) Tel: [phone] 
 
Cenkos Securities plc 
 
Stephen Keys/Julian Morse Tel: [phone] 
 
GTH Communications 
 
Toby Hall/Christian Pickel Tel: [phone] 
 
 
 
END