KRM22 PLC Directorate Changes (4672X)
April 30 2019 - 2:01AM
UK Regulatory
TIDMKRM
RNS Number : 4672X
KRM22 PLC
30 April 2019
KRM22 plc
("KRM22" or the "Company")
Directorate Changes
KRM22 plc, (AIM: KRM) the technology and software investment
company that focuses on risk management for capital markets,
announces the appointment of Garry Jones as an independent
Non-Executive Director of the Company. Mr Jones will replace David
Ellis, Independent Non-Executive Director, who notified the Board
of his intention to step down from the Board with immediate effect
after being with the Company since its IPO in early 2018. Mr Ellis
is stepping down to focus on other business commitments and a
relocation to the United States.
Garry has over 35 years' experience in financial services and
has been CEO of three of the largest derivatives and OTC exchanges
in Europe: BrokerTec, LIFFE and the London Metal Exchange ("LME").
He has contributed to the business change, growth, and
globalisation in exchanges, driving the momentum behind electronic
trading and increased efficiency in the post trade environment via
straight-through clearing.
Garry was part of the initial management team at BrokerTec,
becoming CEO and President of BrokerTec Europe, before running ICAP
Electronic Broking (Europe) - the forerunner of NEX. Brokertec
became the largest global OTC trading platform, with major
strengths in government bonds and repo. He joined NYSE Euronext in
2005 and was Global Head of Derivatives (overseeing derivatives
markets in Europe and the USA) and CEO of the NYSE LIFFE exchange.
In 2013 he became Co-Head of Markets at HKEX and CEO of the LME,
based in London but with an office in Hong Kong and spending
considerable time in Asia, with a major focus on China. He left
HKEX in 2017, remaining an advisor to the company until 2018.
Garry was a founder member of the Futures and Options
Association's European Industry Council and was a member of the
UK's Financial Services Authority senior Practitioner Panel that
advised on new policy initiatives under the UK's former regulatory
regime. He was on the Board of The Federation of European Security
Exchanges and alternate Board member of the World Federation of
Exchanges. He served as a Director of The London Clearing House as
well as the Qatar Exchange.
With the resignation of David and the appointment of Garry, the
Board remains comprised of three independent Non-Executive
Directors and the three Executive Directors.
Keith Todd, Executive Chairman commented:
"All the team thank warmly David for his valuable contributions
since KRM22's IPO and we wish him well with his new focus in the
USA.
We are delighted to welcome Garry to the KRM22 Board. Garry
brings deep knowledge and expertise of capital markets and has
managed risks himself throughout his career in multiple ways.
Garry's decision to join the KRM22 Board reflects his view of how
important the KRM22 Global Risk Platform is and the opportunity we
have to help customers reduce the cost and complexity of managing
their risks. All the team welcome him warmly."
The following information is disclosed in relation to Garry
Peter Jones, age 60, pursuant to Schedule Two paragraph (g) and
Rule 17 of the AIM Rules for Companies:
Current Directorships / Partnerships:
Horatio Ventures
Previous Directorships / Partnerships (held in the past five
years)
London Metal Exchange
LME Clear
HKEX Investment (UK)
LME Holding
Mr. Jones currently holds 176,471 ordinary shares in the
Company, representing 0.97 per cent. of the issued share capital of
the Company.
There is no further information to be disclosed pursuant to
Schedule Two paragraph (g) of the AIM Rules for Companies.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information please contact:
KRM22 plc InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and
CEO
Karen Bach, COO
finnCap Ltd (Nominated Adviser and Sole
Broker) +44 (0)20 7220 0500
Carl Holmes / Kate Bannatyne - Corporate
Finance
Alice Lane / Sunila de Silva - ECM
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM
on 30 April 2018. The Company has been established with the
objective of creating value for its investors through the
investment in, and subsequent growth and development of, target
companies in the technology and software sector, with a focus on
risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22
helps capital market companies reduce the cost and complexity of
risk management. The Global Risk Platform provides applications to
help address firms' regulatory, market, technology and operations
risk challenges and to manage their entire enterprise risk
profile.
Capital markets companies' partner with KRM22 to optimize risk
management systems and processes, improving profitability and
expanding opportunities to increase portfolio returns by leveraging
risk as alpha.
KRM22 PLC is listed on AIM and the Group is headquartered in
London, with offices in several of the world's major financial
centres.
See more about KRM22 at KRM22.com.
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END
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