AssetCo PLC Director Appointment and CEO Change (7735L)
September 15 2021 - 2:00AM
UK Regulatory
TIDMASTO
RNS Number : 7735L
AssetCo PLC
15 September 2021
15 September 2021
AssetCo plc
("AssetCo" or the "Company")
Director Appointment and Chief Executive Officer change
AssetCo is pleased to announce that Campbell Fleming will be
joining the board of directors and take up the role of Chief
Executive Officer with effect from 2 October 2021.
In the Readmission circular sent to Shareholders on 26 March
2021 it was explained that Peter McKellar would become Deputy
Chairman and Chief Executive Officer of the Company, but that due
to his other business commitments a full-time Chief Executive would
be recruited at a future date. Following Campbell's appointment,
Peter will continue to be Deputy Chairman of the Company and will
remain actively involved in the development and execution of the
Company's strategy.
Campbell is Chairman of The Big Exchange and a non-executive
director of a number of other private companies. He was Global Head
of Distribution and Marketing at Standard Life Aberdeen plc until
September 2020. Before joining Aberdeen Asset Management in August
2016, Campbell was Chief Executive - EMEA and Global Chief
Operating Officer at Columbia Threadneedle Investments, having
joined that firm as Global Head of Distribution in November 2009.
Prior to this, Campbell was head of UK for JPMorgan Asset
Management.
The disclosures required by Schedule 2(g) of the AIM Rules for
Companies in respect of Campbell Fleming are set out in the
Appendix to this announcement.
Martin Gilbert, Chairman of AssetCo, commented:
"I am delighted that Campbell will be joining AssetCo as Chief
Executive Officer in early October. His experience and expertise
within the asset and wealth management industry, together with his
leadership qualities, means he is well placed to build on AssetCo's
strong foundations. The sector is facing numerous challenges, but
the importance of the industry in enabling clients to achieve their
financial goals is even greater. Campbell shares our belief that
AssetCo can play a key role by investing in, supporting and
developing businesses to meet the needs of investors."
"Peter steps down from his role as Chief Executive Officer with
AssetCo in fantastic shape. In the space of only a few months, he
has overseen the acquisition of Saracen Fund Managers, the
acquisition of a majority equity interest in Rize ETF and the
acquisition of a 30% equity interest in Parmenion. The Board and I
are immensely grateful to Peter for all his hard work and guidance.
We are delighted he will remain on the Board as Deputy Chairman,
continuing to be involved actively in the Company's
development."
Campbell Fleming commented:
"I am excited to be joining Martin, Peter and the AssetCo team,
whose focus on clients, industry experience and commitment to
innovation attracted me. There are a number of structural shifts
taking place within the asset and wealth management industry, such
as digitisation and changing investing habits. As an agile
business, AssetCo can capitalise on these shifts to deliver value
for investors and shareholders. I am really looking forward to
building on the excellent momentum AssetCo has established in such
a short period, as well as working with Martin, Peter and the wider
team."
Enquiries:
AssetCo plc
Peter McKellar, Deputy Chairman and CEO
James Thorneley, Head of Communications
Tel: +44 (0) 7958 005 141
Arden Partners plc
Nominated adviser and broker
John Llewellyn-Lloyd / Louisa Waddell / Akhil Shah
Tel: +44 (0) 20 7614 5900
Maitland/AMO
Neil Bennett
Rachel Cohen
Tel: +44 (207) 379 5151
Appendix
Full name (age)
Campbell Fleming (56)
Current directorships / partnerships:
The Big Exchange Ltd
The Big Exchange (TBF) Ltd
Ruffer LLP
The Heather Club Ltd
Fleming Flagship Ltd
Moy Sheep Farms LLP
F&F Ltd
Previous Directorships / partnerships (in the last five
years)
Aberdeen Asset Management PLC
Phoenix plc
Aberdeen Asset Investments Limited
Aberdeen Asset Managers Limited
Aberdeen Asset Middle East Limited
Aberdeen Investment Solutions Limited
Aberdeen Standard Capital Limited
The Truelove Foundation
ASI (Gold) Limited
Finca Santa Teresa Ltd
PGH (Cayman)
As at today's date, Mr. Fleming holds 150,000 Ordinary Shares in
the Company.
No further information is required to be disclosed under AIM
Rule 17 or Schedule 2(g) of the AIM Rules for Companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOABLGDCBSBDGBS
(END) Dow Jones Newswires
September 15, 2021 02:00 ET (06:00 GMT)
Assetco (LSE:ASTO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Assetco (LSE:ASTO)
Historical Stock Chart
From Apr 2023 to Apr 2024