Appointment of New Chief Executive Officer

RNS Number : 2273U

Arbuthnot Banking Group PLC

11 July 2018

 

11 July 2018

ARBUTHNOT BANKING GROUP PLC

Appointment of New Chief Executive Officer,

Arbuthnot Latham & Co., Limited

The Board of Arbuthnot Banking Group PLC is pleased to announce that Andrew Salmon will take up the role of Chief Executive Officer at Arbuthnot Latham & Co., Limited with immediate effect.  This is in addition to his current responsibilities as Group Chief Operating Officer and Head of Business Development.  Andrew has been on the Board of Arbuthnot Banking Group since 8 March 2004 and has played a key role in the development of Arbuthnot Latham & Co., Limited.  The Board believes Andrew is well placed to continue the growth of the business.

Andrew will be supported by two Deputy Chief Executives, James Cobb, Group Finance Director, who will now take on this additional responsibility and has been with the Group since October 2008 and Stephen Fletcher who joined Arbuthnot Latham in September 2015 and has successfully established the Bank's Commercial Banking business.

Sir Henry Angest, Chairman and Chief Executive of Arbuthnot Banking Group PLC said, "The Group's business is now focused on one principal subsidiary and we count ourselves lucky in having in Andrew an Executive of such experience and quality to take on the role of Arbuthnot Latham's new Chief Executive Officer.  Andrew has worked successfully for the Group for over 20 years and I look forward to continuing to work with him as Arbuthnot Latham maintains its strategy to grow and diversify."

Enquiries:

Arbuthnot Banking Group

0207 012 2400

Sir Henry Angest, Chairman and Chief Executive

Andrew Salmon, Group Chief Operating Officer

James Cobb, Group Finance Director

Stifel Nicolaus Europe Ltd

trading as KBW (Nomad and Joint Broker)

0207 710 7600

Robin Mann

Gareth Hunt

Stewart Wallace

Numis Securities Ltd (Joint Broker)

0207 260 1000

Chris Wilkinson

Maitland

0207 379 5151

Sam Cartwright

 

END

 

 

BOARMMFTMBIBBJP