5th Jan 2005 09:03
Rathbone Brothers PLC05 January 2005 5 January 2005 Peter Pearson Lund appointed to the Board of Rathbone Brothers Plc Peter Pearson Lund, Chief Executive of Rathbone Unit Trust Management Limited,has been appointed to the Board of Rathbone Brothers Plc with effect from 5January 2005. Mark Powell, Chairman, commented: "In the five years since Peter joined us todevelop our unit trust business, funds under management have risen from under£100 million to just over £800 million(1), and we are on track to reach £1billion. This growth reflects widespread recognition of the excellent investmentperformance achieved by Rathbones' funds and the continuing support of a widerange of intermediaries. Our success in this area has undoubtedly beenbeneficial to Rathbones as a whole. Unit trusts are an important growth area for us, representing as they do over10% of our funds under management." Peter Pearson Lund joined Rathbones in 1999 when the company decided to bringtogether its unit trust activities and develop them. At that time, funds undermanagement were under £100 million. He had previously been Managing Director ofGartmore Fund Managers Limited. There are no further details requiring disclosure under paragraph 16.4 of theUKLA Listing Rules. - ENDS - For further information, please contact:Emily Morris, Marketing Director Rathbones Tel: 020 7399 0102Mark Tierney/Joanna Trezise Fishburn Hedges Tel: 020 7839 4321 Notes to editors:Rathbones is a listed investment management company and a leading provider ofdiscretionary fund management and wealth management services for private clientsand trustees. It manages over £7 billion of discretionary funds for individuals,their trusts, charities and pension funds, and for the professional advisers ofthese clients. The company provides tax, trust, financial planning and familyoffice services through its trust division(2). (1) Unaudited, as at 31 Dec 2004(2) Rathbone Trust Company Limited and the services it provides are not authorised or regulated by the Financial Services Authority This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rathbone