STOCK
EXCHANGE ANNOUNCEMENT
For Immediate
Release
17
April 2018
PowerShares
Global Funds Ireland plc
Re: Change of
Irish independent directors
Following the result of the Company’s AGM on 22 March 2018 which voted not to reappoint the
Company’s Irish independent directors, Mr Adrian Waters and Mr William Manahan ceased to be directors of the
Company effective 22 March 2018.
Re: Appointment of
Directors
Subject to the approval of the Central Bank of Ireland, the Directors of PowerShares Global
Funds Ireland plc (the “Company”) wish to announce the intention to
appoint Mr Feargal Dempsey and Mr
Brian Collins as Non-Executive
Directors of the Company. Further announcements will follow
as soon as the dates of appointment are confirmed.
Feargal Dempsey
Mr Dempsey is an independent director and consultant to the ETF
industry. He has held senior positions at Barclays Global
Investors/BlackRock including Head of Product Strategy iShares
EMEA, Head of Product Structuring iShares EMEA and Head of Product
Governance. Previously he has also served as Head of Legal to ETF
Securities and as a senior lawyer in Pioneer Investments. Mr
Dempsey holds a BA(Hons) and an LLB(Hons) from University College Galway and was admitted to the
Roll of Solicitors in Ireland in
1996 and to the England and Wales
Law Society in 2005. He has served on the legal and regulatory
committee of the Irish Funds and the ETF Working Group at
EFAMA.
Brian Collins
For 14 years to 1986 Mr. Collins held various positions in Bank
of Ireland Corporate Banking, mainly dealing with large
International and Irish Corporations. In 1986 he set up the Bank of
Ireland operation in Hong Kong where he resided for 6 years.
In 1992 he was appointed Managing Director of Bank of Ireland
International Finance. In 1996 he was appointed Managing Director
of Bank of Ireland Securities Services, the Custody and Fund
Administration arm of Bank of Ireland. There he had
responsibility for client assets in excess of €120 billion.
Mr. Collins is a former Chairman of the Dublin Funds Industry
Association and Chairman of An Taoiseach’s Fund Industry Committee.
Mr. Collins is a fellow of the Institute of Bankers in Ireland and holds a Business Study degree from
Trinity College, Dublin. Mr.
Collins holds other non-executive directorships, mostly in the fund
management industry.
Neither Mr Dempsey or Mr Collins have ever:
-
had any unspent convictions in relation to indictable offences;
or
-
been a director of any company or partnership which, while he
was a director with an executive function or partner at the time of
or within the 12 months preceding such events, been declared
bankrupt, went into receivership, liquidation, administration or
voluntary arrangements; or
-
been subject to any official public incrimination and/or
sanctions by statutory or regulatory authorities (including
designated professional bodies); or been disqualified by a court
from acting as a director of a company or from acting in the
management or conduct of affairs of any company.
No information is required to be disclosed pursuant to
LR9.6.13
Enquiries:
Invesco
PowerShares
+44 2070653897