29th Jan 2008 07:16
Jelf Group PLC29 January 2008 29 January 2008 JELF GROUP PLC ("Jelf" or the "Company") Board Appointments Jelf Group plc, an independent full-service brokerage that supports businessesand related individuals, is pleased to announce the appointment of David Walkeras Non Executive Chairman with immediate effect. David will take over theposition from Christopher Jelf who will remain on the Board as Deputy Chairman.Michael King, current Deputy Chairman, will retire from the Board but willremain actively involved in the Company. David Walker joined the Jelf Group as a Non Executive Director in December 2004and is currently the senior independent director. He has more than 25 yearsexperience in the financial services industry in London, New York and Hong Kong,working for JP Morgan, Bankers Trust and, for the 13 years prior to hisretirement in 2003, Credit Suisse First Boston ("CSFB"). He held various seniorroles at CSFB including Co-Head of Corporate & Investment Banking in Asia, Headof Asia ex-Japan, Global Head of Strategic Planning and UK Country Manager(responsible for CSFB's relationship with the FSA). Bruce Carnegie-Brown will be joining the Jelf Board as a Non Executive Directorupon completion of the subscription by 3i Quoted Private Equity Limited ("QPE").Bruce is Managing Partner of 3i Investments plc, the investment adviser of QPE,and a member of the 3i Group plc Management Committee. He joined 3i in January2007 after three years at Marsh & McLennan, where he was Chief Executive Officerof Marsh Limited and head of Marsh's European and Middle Eastern operations. Jon Manson, Chairman of Manson Insurance Group Limited ("Manson"), is alsojoining the Jelf Group plc Board with immediate effect as an Executive Directorfollowing Jelf's acquisition of Manson, where he will remain as Chairman. Jonhas over 40 years' experience in the insurance industry and founded Manson in1971. Commenting on the appointments, David Walker, Jelf's in-coming Chairman, said: "I am delighted to welcome Bruce Carnegie-Brown and Jon Manson to the Board.They bring a vast amount of industry knowledge and a great deal of invaluableexperience of building and running successful businesses. "I am very pleased that Chris Jelf, who has led the Group since its inception in1989, will remain on the Board as Deputy Chairman. Chris's leadership rolewithin the Group and with many of our key clients, and his passionate commitmentto client service, will continue as before. I would also like to thank MichaelKing for his contribution as Deputy Chairman since 2006 and I am delighted thathe will remain actively involved with the Company". Jon Manson Jon Manson will hold, conditional on their admission to trading on AIM, a totalof 1,057,411 ordinary shares of 1p each representing 3.8% of the Company'scurrent issued share capital. For the purposes of paragraph (g) of schedule 2 ofthe AIM rules Jonathan Laurence Manson (aged 60) holds or has held the followingdirectorships over last 5 years: Current Directorships Past Directorships Manson Insurance Group Limited Craftman LimitedManson Warner Healthcare Limited Langdon CommunityManson Insurance Brokers LimitedStern Financial Planning LimitedSt Giles Financial Solutions LimitedLangdon College There is no other information that is required to be disclosed pursuant toschedule 2 paragraph (g) of the AIM Rules. For further information: Jelf Group Plc Tel: 01454 272 713Alex Alway, Group Chief Executive Pelham PR Tel: 0207 743 6362Polly Fergusson, Damian Beeley Cenkos Securities plc Tel: 020 7397 8900Ian Soanes website: www.Jelfgroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JLF.L