Rance appointed to Operational Management Team
January 06 2011 - 2:00AM
RNS Non-Regulatory
TIDMSAM
Syndicate Asset Management PLC
06 January 2011
For immediate release: 0700hrs 6 January 2011
Syndicate Asset Management Plc
("Syndicate", the "Company" or the "Group")
Syndicate appoints Jeremy Rance to Operational Management
Team
Syndicate Asset Management Plc (AIM: SAM), the fund management
group with approximately GBP6.5 billion under management, is
pleased to announce the promotion of Jeremy Rance to the Group's
operational management team as Group Chief Operating Officer.
Jeremy will be responsible for planning, strategy implementation
and operational performance across Syndicate's wholly-owned
subsidiaries.
Jeremy Rance joined Syndicate's wealth management subsidiary,
Ashcourt Rowan, in June 2010 as Director of Planning; he was
previously with Barclays, KPMG and AMP where he held various
strategy and leadership roles.
Since joining Ashcourt Rowan, Jeremy Rance has played an
integral role in the successful acquisition and integration of the
Co-operative Bank's IFA business - Co-operative Bank Independent
Financial Advisers Limited ("CIFA") - into Ashcourt Rowan, and has
been responsible for undertaking a comprehensive strategic review
and upgrading operational performance.
During the current financial year to date, Ashcourt Rowan's
funds under management and influence have increased 42% to GBP3.5
billion with revenues up 28% to GBP12.38 million at the half year
(30 September 2010) when compared to the same period last year.
Mark Cheshire, Syndicate Interim Group CEO, commented:
"The Board's focus is now squarely on driving revenues and
profits forward now that a stable financial base has been
established for the Group. With the support of our major
shareholders, we intend to rapidly leverage the natural synergies
that exist across the Group and review opportunities within the
wider market. Jeremy has played a critical role in establishing
scalable platforms and processes within Ashcourt Rowan; the Group
now looks forward to benefiting from his expertise in this wider
role."
-Ends-
Further information:
Syndicate Asset Management plc
Peter Dew (Chairman) Tel: 020 7659 8060
Cenkos Securities plc
Stephen Keys/Julian Morse Tel: 020 7397 8900
GTH Communications
Toby Hall/Christian Pickel Tel: 020 3103 3903
This information is provided by RNS
The company news service from the London Stock Exchange
END
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