Record PLC Directorate Change (6652I)
23 March 2018 - 3:03AM
UK Regulatory
TIDMREC
RNS Number : 6652I
Record PLC
22 March 2018
22 March 2018
Record plc
Board Change
Tim Edwards appointed as an independent non-executive
director
Record plc ("Record"), the specialist currency manager, today
announces the appointment of Tim Edwards as an independent
non-executive director with effect from 21 March 2018.
Tim is a qualified Chartered Accountant with a widespread
background in corporate finance and investing. He has extensive
corporate development and people management experience.
Tim is currently the Chair of Storm Therapeutics Limited, COO of
Ervaxx Limited, a Governing Body member of Innovate UK, Chair of
Governors at Magdalen College School and a Trustee of the Institute
for Research in Schools.
Neil Record, Chairman of Record, commented: "I am pleased that
Tim has accepted a position on the Record plc Board. I am confident
that he will add considerable insight and value and will help to
ensure that the business continues to maintain its strong
governance and client-focused culture well into the future. My
Board colleagues and I are delighted to welcome him to the Board,
and we are very much looking forward to working with him."
There are no other disclosures required under Listing Rule
9.6.13.
Enquiries:
Record plc Tel: +44 (0)1753 852 222
Neil Record, Chairman
James Wood-Collins, Chief Executive Officer
MHP Tel: +44 (0) 20 3128 8100
Nick Denton record@mhpc.com
Ollie Hoare
Notes to Editors:
Record plc
Record is a specialist currency manager and provider of currency
hedging services for institutional clients. Founded in 1983, Record
has established a market leading position as a currency manager.
Specifically, the Group has a leading position in managing Currency
Hedging and Currency for Return for institutional clients.
The Group has four principal reporting lines:
- Dynamic Hedging, where Record seeks to eliminate the impact of
currency movements on elements of clients' investment portfolios
that are denominated in foreign currencies when these movements are
expected to result in an economic loss to the client, but not to do
so when they are expected to result in an economic gain;
- Passive Hedging, where Record seeks to eliminate fully or
partially the economic impact of currency movements on elements of
clients' investment portfolios that are denominated in foreign
currencies;
- Currency for Return, in which Record enters into currency
contracts for clients with the objective of generating positive
returns; and
- Multi-Product, where the client mandate includes combined
hedging and return-seeking objectives.
Record (LSE: REC) was admitted to trading on the London Stock
Exchange on 3(rd) December 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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