Walker Crips Group plc Board changes (4574O)

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RNS Number : 4574O

Walker Crips Group plc

30 January 2019

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Walker Crips Group plc

("Walker Crips" or the "Group")

Board changes

Walker Crips Group plc, the national investment and wealth management group, announces that Mark Rushton has informed the Board of his intention to resign from his position as Group Director and Chief Investment Officer; and Chief Executive of Walker Crips Investment Management (WCIM). Mark's directorships will end as of 30 January 2019 before leaving the company on 28 February 2019. In the interim, Sean Lam, CEO of the Group, will take over as CEO of WCIM.

Mark joined the Group in February 2012, transforming the WCIM proposition, trebling AUM&A, and together with the senior management team laying the foundations for the next development phase of the Group.

David Gelber, Chairman of the Group, says, "On behalf of the Board, we would like to thank Mark for his valued contribution to the Group. He has driven the expansion of the Group through the growth of our Investment Management business and has introduced and implemented numerous enhancements in our offering and practices. As Group CIO and CEO of WCIM, he was pivotal in transforming WCIM from a commission-based business to a fee-based business and attracting discretionary and advisory investment managers and their clients. He has led with immense integrity and we wish Mark well for his next challenge."

Mark Rushton says, "It has been a privilege to play my part in the leadership of Walker Crips, a company I described 7 years ago as a 'hidden gem' in the City. I have been blessed with fine colleagues who will write the next chapter of the firm's story. I am grateful to my fellow Directors, our Investment Managers and our staff for their diligent hard work and conscientious support during my tenure at Walker Crips."

For further information contact:

 
 Walker Crips Group plc 
  Bridgette Campbell, Media 
  Relations                     [phone] 
 Cantor Fitzgerald Europe 
  Will Goode / Philip Davies    [phone] 
 
  Four Broadgate 
  Roland Cross                   [phone] 
 

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January 30, 2019 02:00 ET (07:00 GMT)