Directorate Change

RNS Number : 3237B

Frenkel Topping Group PLC

16 June 2016

 

Frenkel Topping Group plc

("Frenkel Topping" or "the Company")

Directorate Change

Frenkel Topping (AIM: FEN), a specialist independent financial advisor and asset manager focussed on asset protection for vulnerable clients, announces that further to the Company's announcement dated 18 May 2016, David Southworth has now stepped down from the Board. In addition, Greg McMahon has resigned as a Non-Executive Director with immediate effect in order to focus on his other work commitments. The Board has identified and approached a number of potential Non-Executive Directors and expects to appoint at least one Non-Executive Director by 30 June 2016.

Jason Granite, who currently serves as Chief Investment Officer (CIO) of the Company, has been appointed as Executive Chairman with immediate effect, but will continue with his duties as CIO. Jason's remit will include the deployment of the Company's significant cash balances into investment opportunities, both short term and long term, with a view to generating additional returns to shareholders. Such investment may include, inter alia, acquisitions or treasury related investment activity including fixed income, equities and investment properties. 

Commenting, Richard Fraser, CEO of the Company, said:

"We are very grateful for the assistance that David and Greg have provided to the Company during their time as Non-Executive Directors, in particular David who has been Non-Executive Chairman since Frenkel Topping's IPO in July 2004. We wish both of them well going forward and look forward to announcing new Board members who will assist the Company in the next phase of its growth strategy as we continue to migrate funds and benefit from the FCA permissions received in March. We are excited by the scope to build on recent momentum as we work towards accelerated growth in profitability from 2017."

For further information:

Frenkel Topping Group plc	www.frenkeltopping.co.uk
Richard Fraser, Chief Executive Officer	Tel: [phone]
Julie Dean, Chief Financial Officer
finnCap Ltd	Tel: [phone]
Adrian Hargrave/James Thompson/Alex Price (Corporate Finance) Tony Quirke (Corporate Broking)
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Nick Rome	Mob: [phone]

About Frenkel Topping: www.frenkeltopping.co.uk

Frenkel Topping provides specialist independent financial advice focussed on asset protection for clients. The specialist independent financial adviser has a market leading position providing advice and fund management services for personal injury trusts and clinical negligence awards and is well placed to provide services to a wider customer base.

The Company provides a range of wealth management services including bespoke investment portfolios, financial and tax planning. It is focused on increasing its assets under management by growing the number of fee earners who are qualified to provide benefits protection for a variety of needs as the Company adds to its personal injury and clinical negligence specialism.

It has a national presence with offices in Manchester, Birmingham, Bristol, Cardiff, London and Leeds and has relationships and infrastructure in place to further grow its reach and target markets.

 

END

 

 

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