3rd Nov 2016 14:40
LONDON (Alliance News) - Rathbone Brothers PLC said Thursday that Executive Director Paul Chavasse will step down from his role immediately before leaving the company in 2017, "by reason of redundancy".
Rathbone Brothers noted that Chavasse will leave the company on March 31, 2017, and during the notice period he will be available to ensure an orderly transition. He will receive seven months pay in lieu of notice, as well a redundancy payment of GBP9,819.
Chavasse was executive director and head of investment management at Rathbone Brothers.
"We would like to thank Paul for his significant contribution to Rathbones over many years. As a member of the group executive team and the board of directors, he has played an important role in helping steer the company through a period of growth and success. We wish Paul the best for the future," said Philip Howell, chief executive of Rathbone Brothers.
Shares in Rathbone Brothers were up 1.8% at 1,807.00 pence Thursday.
By Adam Clark; [email protected]
Copyright 2016 Alliance News Limited. All Rights Reserved.
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