finnCap Group PLC Board Changes (6449F)
November 18 2020 - 2:00AM
UK Regulatory
TIDMFCAP
RNS Number : 6449F
finnCap Group PLC
18 November 2020
18 November 2020
FINNCAP GROUP PLC ("finnCap" or the "Company")
RETIREMENT OF JON MOULTON, APPOINTMENT OF NEW CHAIRMAN AND BOARD
CHANGES
finnCap Group PLC (AIM:FCAP) announces that Jon Moulton,
Chairman of the Company, will retire from the Board on 31 December
2020. Jon, who has served as a Director and Chairman of the Company
for over eleven years, was instrumental in the growth and
development of finnCap into a leading financial services company
for growing companies and in its expansion through the acquisition
of Cavendish Corporate Finance LLP and concurrent IPO in November
2018.
Robert Lister will join the Board on 1 January 2021 as a
non-executive director and be appointed Chairman on that date.
Robert will also Chair the Risk and Compliance Committee and be a
member of the Nominations, Audit and Remuneration Committees.
Robert Lister spent 25 years in investment banking first with
Barclays de Zoete Wedd where he started as a graduate in 1983 and
rose to become Head of European Equities in 1998 and then at
Dresdner Kleinwort Benson where he was Global Head of Equities.
Since then Robert has been appointed as a non-executive director of
Investec Wealth and Investment Limited (2010), Aberdeen Smaller
Companies Income Investment Trust PLC (2012), Credit Suisse Asset
Management Limited (2012) and Integrafin Holdings PLC (2019). He is
also Investment Expert and Chair of the Salvation Army
International Trust Fund and Retired Officer Allowance Scheme.
In addition, having completed oversight of the integration of
Cavendish into the Group, Lord Leigh of Hurley has decided to step
down from the Board today and return to a front-line relationship
and revenue generation role as Senior Partner of Cavendish.
Commenting on his decision to retire, Jon Moulton said:
"It has been a privilege to serve on finnCap's board and to be
part of its development from a buy-out into an established and
high-quality advisor to growing companies. Today's results, where
we have recorded record half yearly revenue, show just how far we
have come and provides the right time for me to hand over to a new
Chairman. Whilst regarding myself as irreplaceable, I am optimistic
that my successor will outperform me. I welcome Robert to finnCap
and its Board, he brings great experience of the financial services
industry and as a Chairman, and I look forward to watching
finnCap's future growth as a long-term supporter and investor.
Adding Cavendish to finnCap has been a key strategic step in the
development of our business. I would like to thank Howard for his
valuable contribution to the Board during the integration and am
delighted that he is remaining as Senior Partner of Cavendish."
Sam Smith, CEO said:
"Jon has been an enormous asset for finnCap and to me personally
as a CEO. I have enjoyed his support, guidance and challenge
throughout the eleven years we have worked together creating
finnCap. After a thorough external recruitment process, I am
delighted that Robert will be joining us. He brings a wealth of
commercial and financial experience and will broaden the Board's
expertise and insight in the sectors in which we operate."
Robert Lister said:
"I am very much looking forward to joining my new colleagues at
finnCap and the Board and supporting them as they grow and expand
finnCap's services whilst delivering shareholder value."
Lord Leigh said:
"Now that the integration of Cavendish and finnCap is complete,
it is the right time for me to return to my main role - originating
deals and delivering great value for clients as Senior Partner of
Cavendish, as well as pursuing other outside interests. I welcome
Robert as our future Chairman."
For information, please contact:
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
investor.relations@finncap.com
Richard Snow, Chief Financial Officer
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams/Tim Redfern
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
Further information on Mr Lister
Charles Robert Lister , age 60, is, or has been, a director or
partner of the following companies or partnerships during the past
five years
Current directorships and partnerships Past directorships and partnerships
Aberdeen Smaller Companies Income The Society for the Promotion
Trust plc of Roman Studies
------------------------------------
Credit Suisse Asset Management Knightsbridge School Education
Limited Foundation
------------------------------------
Integrafin Holdings PLC Rensburg Sheppards Limited
------------------------------------
Integrated Financial Arrangements
Limited
------------------------------------
Investec Wealth & Investment Limited
------------------------------------
T he Salvation Army International
Trustee Company Limited
------------------------------------
Mr Lister does not hold any interests in the securities of the
Company.
There is no further information required to be disclosed in
respect of the above appointments pursuant to Rule 17 or Schedule 2
(g) of the AIM Rules for Companies.
END
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END
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