Manx Financial Group PLC Changes to Group Boards (2503R)
04 November 2021 - 5:59PM
UK Regulatory
TIDMMFX
RNS Number : 2503R
Manx Financial Group PLC
04 November 2021
FOR IMMEDIATE RELEASE 4 November 2021
Manx Financial Group PLC
Changes to Group Boards
Following a strategic review, Manx Financial Group PLC (the
"Group") is pleased to announce a number of Board changes to the
Group, Conister Bank Limited (the "Bank") and Edgewater Associates
Limited ("Edgewater"): -
-- Douglas Grant is appointed Group CEO in succession to Denham
Eke, and remains Managing Director of the Bank. Douglas joined the
Group in October 2008 as Group Finance Director. He has over 35
years' experience working in finance, with multi-national,
national, and regional businesses in both the public and private
sector. He is a Chartered Banker with an executive MBA.
-- Denham Eke is appointed to the new position of Executive Vice
Chairman of the Group, and remains a Non-Executive Director of the
Group's principal subsidiaries, including the Bank, Edgewater and
Manx FX Limited.
-- Gregory ("Greg") Jones is appointed as an Independent
Non-Executive Director of the Group and Bank, and a member of the
Group Audit, Risk and Compliance Committee. Greg was called to the
UK Bar in 1982 and subsequently joined KPMG Isle of Man where he
spent 29 years before retiring in October 2019 as Head of Tax. Greg
currently provides tax advice for a leading Isle of Man based firm
of advocates and is a director of a local Corporate Service
Provider. He is a member of the Chartered Institute of
Taxation.
-- James Smeed is appointed as an Executive Director of the
Group and Group Finance Director in succession to Douglas Grant,
and remains Finance Director of the Bank. James joined the Group in
August 2012 and was previously a manager with KPMG Audit on the
Isle of Man. He became Finance Director of the Bank in May 2017. He
is a Chartered Accountant and a Chartered Tax Advisor.
-- John Spellman is appointed Non-executive Chairman of
Edgewater in succession to Robert Frize. John remains an
Independent Non-executive Director of both the Group and the Bank,
and a member of the Group Audit, Risk and Compliance Committee.
-- Haseeb Qureshi is appointed Deputy Managing Director for the
Bank. Haseeb joined the Group in February 2016 and prior to this
worked with KPMG. He was appointed as the Chief Operating Officer
of the Bank in May 2017 and became an Executive Director of the
Bank in July 2019. He is a Chartered Certified Accountant and a
member of the Chartered Institute of Internal Auditors.
Jim Mellon, Executive Chairman of the Group, commented:
"I have great pleasure in announcing these important changes to
the Group and subsidiary boards. I thank Denham for his decade plus
time as CEO of the Group during which he has overseen the Bank's
re-focus on its core lending business, a vastly improved Balance
Sheet, the more recent diversification with the acquisition of
complementary businesses, culminating in the payment of the Group's
dividend after a gap of nearly twenty years. With the base Denham
has laid, supported by our key stakeholders, I believe the Group is
extremely well positioned to maintain this upward trend and Douglas
will, I know, continue the drive forward as CEO, capitalising on
our evolution over that time. Greg will be an invaluable addition
to the Group, particularly in providing assistance in both matters
legal and tax, especially as UK lending growth becomes an
increasingly important part of our balance sheet, and also by
broadening the already significant skill range of our Independent
Directors. I also welcome James to the role of Group CFO and Haseeb
to the new role of Deputy Managing Director of the Bank. Finally,
John, as our new Non-executive Chairman of Edgewater, will serve to
strengthen our position as the largest Independent Financial
Advisor on the Isle of Man.
I am particularly pleased with the number of internal
appointments, demonstrating our commitment to promoting from
within."
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART
OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
For further information, please contact:
Manx Financial Group Beaumont Cornish Limited Greentarget Limited
PLC Roland Cornish/James Dafina Grapci-Penney
Denham Eke, Vice Chairman Biddle Tel +44 (0) 203 963
Tel +44 (0)1624 694694 Tel +44 (0) 20 7628 1887
3396
Disclosures pursuant to Schedule Two (g) of the AIM Rules:
Gregory ("Greg") Andrew Christopher Jones, aged 62, resident of
the Isle of Man, holds the following directorships:
Current Directorships: Past Directorships held within
the last five years:
Towerside Court Limited KPMG LLC
-------------------------------
IOMCompany.COM Limited
-------------------------------
J Co Limited
-------------------------------
St Mary's Court Limited
-------------------------------
Innisfree Limited
-------------------------------
Catalina Property Services Limited
-------------------------------
Barrowdale (Isle of Man) Limited
-------------------------------
The Rheast Limited
-------------------------------
James Andrew Brian Smeed, aged 37, resident of the Isle of Man,
holds the following directorships:
Current Directorships: Past Directorships held within
the last five years:
Conister Bank Limited* Manx Financial Solutions PCC PLC*
-----------------------------------
Commercial Finance Limited* Conister Legal Management Services
Limited*
-----------------------------------
Conister Finance & Leasing Ltd*
-----------------------------------
Edgewater Associates Limited*
-----------------------------------
Manx Financial Limited*
-----------------------------------
Waltons Finance Limited*
-----------------------------------
Mercy Beyond
-----------------------------------
*Subsidiaries of Manx Financial
Group PLC
-----------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFSAFLDEFSESF
(END) Dow Jones Newswires
November 04, 2021 02:59 ET (06:59 GMT)
Manx Financial (LSE:MFX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Manx Financial (LSE:MFX)
Historical Stock Chart
From Jul 2023 to Jul 2024