18th Apr 2016 09:15
LONDON (Alliance News) - Investment company City of London Group PLC on Monday said Chief Executive John Kent will step down from the group at the end of April.
The company, which focuses on lending to small businesses, said Jason Granite has agreed to join the group as an executive director with immediate effect.
Granite is the chief executive and chief investment officer at FCFM Group Ltd, the fund manager, and is the chief investment officer of Frenkel Topping Group PLC, the financial adviser and asset manager.
Shares in the company were down 2.3% to 7.33 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
CIN.L