12th Apr 2006 11:16
Evolution Group PLC12 April 2006 EVOLUTION APPOINTS CEO OF INVESTMENT BANKING DIVISION Evolution Group Plc ("Evolution") is pleased to announce the appointment ofAndrew Umbers as Chief Executive Officer of Evolution Securities Limited. In hisnew role he will report to Alex Snow, Evolution's Group Chief Executive Officer. Aged 41, Andrew Umbers has spent 20 years working in UK equity markets,principally with Credit Suisse since its acquisition of BZW, which he joined in1990. He was appointed a Managing Director of Credit Suisse Equities in 2000,and in 2005 he joined Credit Suisse's global hedge fund, Modal Capital. Alex Snow said, "I have worked with Andrew at Credit Suisse and BZW and believethat his knowledge, expertise and investment banking experience will beimmensely valuable in driving Evolution Securities' performance to new levelsduring its next stage of development." Andrew Umbers said, "Taking Evolution Securities on to the next stage of itsgrowth as one of the UK's leading independent investment banks is going to beboth exciting and challenging, and it is this challenge that has attracted me tojoin the Evolution team." Martin Gray, Evolution Group's non-executive Chairman said, "I am delighted thatAndrew is joining Evolution Securities in this very important senior executiverole. He brings significant expertise and proven management experience. Thisappointment further strengthens the Group's senior management team." ENDS Enquiries: The Evolution Group Plc 020 7071 4300Alex Snow, Chief ExecutiveGraeme Dell, Finance Director Bell Pottinger Corporate & Financial 020 7861 3232Charles CookSarah Landgrebe Notes to Editors: The Evolution Group Plc The Evolution Group is the holding company of Evolution Securities Limited,Christows Limited and Evolution Securities China Limited. Founded in April 2001and originally listed on the AIM, the Evolution Group joined the Official Listin 2003 and now has a market capitalisation of over £399 million. Evolution Securities Limited aims to be the leading investment bank advisingsmall and mid-cap UK public companies. It has approximately 100 retainedcorporate clients, to whom it provides equity research, institutional sales andtrading, market making and corporate finance advice. Evolution SecuritiesLimited is authorised and regulated by the Financial Services Authority. Inaddition, it operates a US broker-dealer, Evolution Securities (US) Inc., whichis registered with the National Association of Securities Dealers and regulatedby the Securities Exchange Commission through which it brings US institutionalinvestors access to its UK based corporate clients. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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