17th Feb 2011 07:00
17 February 2011
Gable Holdings Inc
("Gable" or "the Company")
International Fund Manager Joins Gable Board
Gable Holdings (AIM: GAH.L), the European insurance company, has appointed Michael Sofaer as Non-Executive Director as Ian Tickler retires from the Board as Non-Executive Director, both with immediate effect.
Michael Sofaer, aged 54, founded Sofaer Capital in Hong Kong in 1986, the first hedge fund management company to be launched in Asia. He launched the flagship Sofaer Capital Global Hedge Fund in 1987 and the Sofaer Capital Asian Hedge Fund in 1989, operating with a highly experienced Asian, European and global investment management teams.
Before launching his international hedge fund management group, Michael was a securities analyst with Schroders Investment Management in London and then headed up its research department in Hong Kong. Michael has a BA Economics and Political Science from McGill University, Montreal.
William Dewsall, CEO of Gable Holdings, commented: "I am delighted to welcome Michael to the Board where he brings to the Company a wealth of knowledge and experience of working at the very highest levels in international financial markets. Michael's experience adds to the strength of the team, as the business continues to grow its operations on an international basis.
"We would like to thank Ian for his guidance and counsel to the Company since becoming a non-executive director in 2004 and we wish him well following his retirement from the Board."
There is no further information in connection with the appointment of Michael Sofaer to the Board of Directors which is required to be disclosed in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
Enquiries
Gable Holdings Inc William Dewsall, Chief Executive | tel: +44 (0) 20 7337 7460 |
Arden Partners Fred Walsh | tel: +44 (0) 20 7614 5917 |
Gable Communications Justine James | tel: +44 (0) 20 7193 7463 +44 (0) 7525 324431 |
About Gable Holdings Inc
Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in the UK, France, Norway and Spain. Gable benefits from a low-cost online underwriting platform and the Company has continued to successfully grow its business both geographically whilst simultaneously exploiting a range of niche insurance segments which exist across the EU. Gable has consistently grown revenues and profits since joining AIM in January 2005.
Gable Holdings Inc is quoted on the London Stock Exchange's AIM market (ticker: GAH.L GAH.LN). For further information please visit www.gableholdingsinc.com.
Related Shares:
GAH.L