Board Changes
April 21 2008 - 3:01AM
UK Regulatory
RNS Number:7036S
Titanium Asset Management Corp
21 April 2008
Titanium Asset Management Corp.
Board Changes
Titanium Asset Management Corp. ("Titanium" or the "Company") (AIM: TAM)
announces that, following the recent acquisition of National Investor Services,
Inc. which constituted a Qualified Business Combination under the terms of its
certificate of incorporation, the board of the Company has reviewed the roles
and responsibilities of its executive directors and is making two changes.
John Sauickie, who has served as the Company's CEO since its IPO in June 2007,
is stepping down from the board to focus full time on the management of US
equity strategies at the Company's subsidiary, Wood Asset Management, Inc.,
having previously divided his time between his executive and fund management
roles. This move will take immediate effect. Wood's principal activity is the
management of mid- and large-cap US equities based on its own fundamental
research. Clients include high net worth individuals, foundations, pension
plans and brokerage firms.
At the same time, Nigel Wightman, currently the Chairman of Titanium and a
30-year international asset management industry veteran, will become the
Company's CEO. Prior to joining Titanium he held senior management roles at a
number of major international asset management companies including State Street
and NM Rothschild.
These moves will allow John Sauickie to focus his full attention on the
management of client portfolios amid volatile market conditions while Nigel
Wightman assumes responsibility for the next stage in the development of the
Company.
For further information:
Titanium Asset Management Corp.
Nigel Wightman, Chairman and CEO + 44 7789 277849
Seymour Pierce Ltd
Jonathan Wright + 44 20 7107 8000
Penrose Financial
Gay Collins + 44 20 7786 4888
Kay Larsen
titanium@penrose.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAUWRBRWKRSAAR
Tatton Asset Management (LSE:TAM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tatton Asset Management (LSE:TAM)
Historical Stock Chart
From Jul 2023 to Jul 2024