27th Sep 2012 07:00
Titanium Asset Management Corp.
September 27, 2012
Director Change
Titanium Asset Management Corp. (AIM - TAM) announces that Clal Finance Ltd. ("Clal"), pursuant to its rights under Titanium's certificate of incorporation, has elected to reduce the number of its directors from six to five and to remove Robert Kelly effective September 20, 2012. As a result of this change, Titanium's board of directors consists of nine directors including five directors appointed by Clal, two executive directors and two independent directors.
For further information please contact:
Titanium Asset Management Corp.
Robert Brooks, CEO +1 312-335-8300
Seymour Pierce Ltd
Jonathan Wright +44 20 7107 8000
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