RAT Rathbones Group Plc

 
TIDMRAT 
 
   Rathbone Brothers Plc 
 
   Appointment of Chief Executive Officer 
 
 
   After achieving a successful period of considerable growth, the board of 
Rathbone Brothers Plc ("Rathbones") announces that Philip Howell will 
retire as Chief Executive Officer and from the board by the 2019 Annual 
General Meeting on 9(th) May 2019. The Board has appointed Paul Stockton 
as his successor, subject to regulatory approval. Paul has been Group 
Finance Director of Rathbones for nearly a decade and was appointed 
Managing Director of Rathbone Investment Management in May of this year. 
Paul has been a key individual in the firm's success and has played an 
integral role in the significant growth of the business. 
 
   During the intervening period, Philip and Paul will continue to work 
closely to ensure there is a smooth transition. 
 
   Mark Nicholls, Chairman of Rathbones, commented: 
 
   "Under Philip's leadership, Rathbones has firmly established itself as 
the leading UK wealth manager and, on behalf of the board, I would like 
to thank him for the strong direction, unfailing commitment and 
dedication he has provided to Rathbones during his tenure. 
 
   "The board recognises the importance of careful succession planning at 
Rathbones and, having worked with Paul for many years, we are delighted 
with his promotion to Chief Executive Officer. Paul has built up 
considerable experience and a deep knowledge of the firm, its values and 
culture and I wish him every success as he takes on his new 
responsibilities." 
 
   Philip Howell, Chief Executive of Rathbones, commented: 
 
   "It has been my privilege to lead and work alongside the many talented 
professionals and dedicated support staff who compose Rathbones. I am 
very grateful for their considerable contribution to our success over 
the past five years. I look forward to working closely with Paul through 
the transition and I am confident that he will lead the firm to 
continued success." 
 
   Paul Stockton, Group Finance Director/Managing Director Rathbone 
Investment Management, commented: 
 
   "The opportunity to lead such a prominent and well respected business is 
truly exciting. Our clients and stakeholders place considerable trust in 
our ability to deliver them a quality service and reliable investment 
outcomes. I very much look forward to continuing to work with the board, 
our executive team and my colleagues, to build on our position as a 
leading UK wealth manager." 
 
   27 November 2018 
 
   For further information contact: 
 
   Rathbone Brothers Plc 
 
   Tel: 020 7399 0000 
 
   Philip Howell, Chief Executive 
 
   Paul Stockton, Group Finance Director/Managing Director, Rathbone 
Investment Management 
 
   Ali Johnson, Company Secretary 
 
   Shelly Patel, Head of Investor Relations 
 
   Camarco (Communications adviser to Rathbones) 
 
   Tel: 020 3757 4984 
 
   Email: ed.gascoigne-pees@camarco.co.uk 
 
   Ed Gascoigne-Pees 
 
   Hazel Stevenson 
 
   Notes to editors: 
 
 
   1. This announcement contains inside information as defined in Article 7 of 
      the Market Abuse Regulation No. 596/2014 ("MAR"). 
 
 
   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 1,400 staff in 15 UK locations and Jersey; its 
headquarters is 8 Finsbury Circus, London. 
 
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rathbones.com 
 
 
 
 
 
 

(END) Dow Jones Newswires

November 27, 2018 02:00 ET (07:00 GMT)

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