12th Dec 2008 07:00
12 December 2008
Board Changes
Charlemagne Capital Limited ("Charlemagne" or the "Company") announces the following Board and management changes.
David Curl, who is currently Finance Director, is stepping down from the Board with effect from 31 December 2008 in order to concentrate on the Group's private equity business. David McMahon has been appointed as Finance Director with effect from 31 December 2008. Mr McMahon has been with the Charlemagne Group since inception, latterly as Executive Director, Planning. In this role David has been responsible for the Group's tax and strategic planning matters. David was previously finance director and general manager of Templeton Life Assurance Limited and later became chief financial officer of Templeton's European business. David is a Fellow of the Institute of Chartered Accountants in England & Wales.
The Company also announces that Anderson Whamond, Executive Director, Operations will be stepping down from the Board on 31 March 2009. Mr Whamond, who is reducing his commitment to the Group for family reasons, will remain as a non-executive director of its Isle of Man operating subsidiary and of certain Charlemagne-managed funds and private equity vehicles. Jane Bates, who joined the Board earlier this year, will succeed Mr Whamond as Executive Director, Operations with effect from 31 March 2009. Mrs Bates, who joined the Group in July 2007 from a senior role with the Isle of Man Financial Supervision Commission, was appointed to the Board earlier this year. She is a Scottish solicitor with twenty years' experience in legal and financial services in the Isle of Man.
Commenting on the forthcoming changes, Chief Executive, Jayne Sutcliffe, said: "I would like to thank David Curl, a co-founder of the Company for his strong support in his role as Finance Director and I welcome his continuing involvement in the Group. I am delighted that he will be succeeded by David McMahon, who has strong knowledge of Charlemagne's operations and systems. His in-depth knowledge of the Group will be particularly valuable in steering us through the current challenging market environment.
I would like to thank Anderson for his important contribution to the operational success of the Group since its inception. Whilst the Board fully understands and supports the reasons behind his request to alter his focus, I am very pleased that he will remain associated with the Group and its funds in a non-executive capacity."
Enquiries
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Charlemagne Capital |
020 7518 2100 |
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Jayne Sutcliffe, Chief Executive |
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Smithfield Consultants |
020 7360 4900 |
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John Kiely |
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Gemma Froggatt |
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Related Shares:
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