Rathbone Brothers Rathbone Brothers Plc : Change In Director Responsibilities

 
TIDMRAT 
 
 
   Rathbone Brothers Plc 
 
   Change in Director Responsibilities 
 
   Rathbone Brothers Plc ("Rathbones") announces that Paul Stockton, 
currently its Group Finance Director, has accepted the newly created 
role of Managing Director, Rathbone Investment Management ("RIM"), 
subject to regulatory approval. Paul will continue to report to Philip 
Howell, Group CEO, and will continue as an Executive Director on the 
boards of Rathbone Brothers Plc and Rathbone Investment Management 
Limited. A process has started to identify and recruit a successor as 
Group Finance Director. Paul will retain his Group Finance Director 
responsibilities until this process is complete to ensure a smooth 
transition. 
 
   Paul has been Group Finance Director of Rathbones for nearly a decade 
and has played an integral role in the significant growth of the 
business during that time. The new role of RIM Managing Director will 
sit alongside the roles of Group CEO and Group Finance Director on the 
board of Rathbones, increasing the total number of Executive Directors 
on the board from two to three. 
 
   As at 31 December 2017, Rathbones had GBP39.1 billion of funds under 
management of which GBP33.8 billion was managed by RIM. In his newly 
appointed role, Paul will oversee the day-to-day running of RIM, working 
closely with the RIM General Manager team to develop the business. Mike 
Webb will remain in his role as CEO of Rathbone Unit Trust Management 
("RUTM") which reported GBP5.3 billion of funds under management at 31 
December 2017. 
 
   Philip Howell, Chief Executive of Rathbones, said: 
 
   "The considerable growth in the RIM business in recent years has also 
brought increasing complexity, so the Board and I felt that it was an 
appropriate time to create this additional role to strengthen the 
executive team as the business continues to grow. 
 
   "Paul has made a huge contribution to Rathbones as Group Finance 
Director and we believe this new role will benefit greatly from his 
knowledge of both the business and the external market." 
 
   Paul Stockton, Finance Director of Rathbones, said: 
 
   "In my 10 years at Rathbones, I have learned a great deal, and I very 
much look forward to continuing to work closely with Philip and 
supporting our very talented investment teams as we continue to deliver 
a quality service to our clients." 
 
   1 May 2018 
 
   For further information contact: 
 
 
 
 
Rathbone Brothers Plc                      Camarco 
 Tel: 020 7399 0000                         Tel: 020 3757 4984 
 email: shelly.patel@rathbones.com          email: ed.gascoigne-pees@camarco.co.uk 
 Philip Howell, Chief Executive             Ed Gascoigne-Pees 
 Paul Stockton, Finance Director            Hazel Stevenson 
 Shelly Patel, Head of Investor Relations 
 
 
 
   Rathbone Brothers Plc 
 
   Rathbone Brothers Plc ("Rathbones"), through its subsidiaries, is a 
leading provider of high-quality, personalised investment and wealth 
management services for private clients, charities and trustees. Our 
services include discretionary investment management, unit trusts, 
banking and loan services, financial planning, unitised portfolio 
services, and UK trust, legal, estate and tax advice. 
 
   Rathbones has over 1,100 staff in 15 UK locations and Jersey; its 
headquarters is 8 Finsbury Circus, London. 
 
   rathbones.com http://www.rathbones.com 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Rathbone Brothers Plc via Globenewswire 
 
 
  http://www.rathbones.com/
(END) Dow Jones Newswires
May 01, 2018 04:00 ET (08:00 GMT)
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