RNS Number : 4125A
IAF Group PLC
01 August 2008
1 August 2008
IAF GROUP PLC
("IAF" or the "Company")
BOARD CHANGES
Appointment of Menno de Jager as Deputy Chairman of IAF Group Plc
and Chairman of IAF Securities Limited
Appointment of Mr Robin Davies as Non-Executive Director
IAF, the AIM quoted finance company focused on corporate advisory, wealth management and
stockbroking services, announces the following
strengthening of its management and Board arrangements.
Effective immediately, Menno de Jager, currently a Non-Executive Director of the Company,
has been appointed Deputy Chairman of the
Company. He retired from ABN AMRO, where he was a Vice Chairman, on 30 June 2008 after 31
years of service, having previously served as
Chairman of ABN Rothschild.
Menno de Jager will also become Chairman of IAF Securities Limited ("IAFS"), the wholly
owned stockbroking and corporate finance
subsidiary of the Company.
Also with immediate effect, Mr Robin Davies, age 57, has been appointed as a Non-Executive
Director of the Company. Mr Davies has had a
successful career in human resources, consulting and management development. In 1986 he
founded Crane Davies Limited, a human resources and
management development consultancy, with clients including Goldman Sachs, Morgan Stanley,
Guinness Plc, HSBC plc and ICI Plc. In 2000 Crane
Davies was acquired by Penna Consulting Plc.
Mr Davies is currently Non-Executive Chairman of X-Phonics Plc, a company which was
admitted to AIM in October 2005, and was previously
a Non Executive Director of Meon Capital Plc, prior to the reverse takeover by Dermasalve
Sciences Limited in December 2005. Mr Davies
currently owns 11,004,445 ordinary shares, representing 10.8% of the Company's issued share
capital.
Commenting on these appointments, David Massie, Chairman and Chief Executive, IAF, said:
"We are delighted that Menno de Jager has broadened his role within IAF by becoming Deputy
Chairman of the Group, and Chairman of our
subsidiary, IAFS. Menno is a very experienced and well known investment banker and will
participate actively in the next stage of growth for
IAFS. We are also pleased to welcome Robin Davies to the Company, whose knowledge of human
resources and training will be of great value to
us as we continue to grow and develop IAF."
Robin Frank Davies has held the following directorships in the past five years:
Current Previous
CD Manor House Services Limited Meon Capital Plc
Performance Partnership International Penna Change Consulting Limited
Limited
RS Manor House Limited Penna Executive Coaching Limited
Tori Limited X Power Technologies Limited
X-Phonics Plc
There are no further disclosures to be made in accordance with schedule 2 (g) of the AIM
Rules.
The Company intends to make its Preliminary Announcement for the year ended 30 June 2008
in early September.
For further information please contact:
IAF Group Plc
David Massie (Chairman and Chief Executive - IAF Group Plc)
Tel: 020 7747 8940
Dowgate Capital Advisers Limited
Liam Murray / Antony Legge
Tel: 020 7492 4777
Bishopsgate Communications Limited
Nick Rome / Nick Farmer
Tel: 020 7562 3350
nick@bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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