TIDMARP

RNS Number : 5166W

Ashcourt Rowan PLC

01 February 2012

1 February 2012

ASHCOURT ROWAN PLC

("Ashcourt Rowan" or the "Company")

Directorate Change

Ashcourt Rowan plc (AIM: ARP), the UK wealth management group, announces that Ranil Perera will be stepping down from the board of directors of the Company (the "Board") effective 1 April 2012. This coincides with the end of our financial year and marks the second anniversary of his joining the Board.

Mr Perera commented:

"I am pleased to have been able to serve Ashcourt Rowan as a member of the Board during a period of considerable change. I believe it is the right time for me to step down at the end of the current financial year as the Company settles into its new arrangements. I wish the Company every success in the future."

Kenneth West, Chairman, commented:

"Ranil has been a highly valued member of the Board for a period of 2 years during which time the Company has seen much change. His wise counsel and support in the fields of compliance and risk management have been most helpful during this time and we all wish him every success in the future."

For further information please contact:

 
 Jonathan Polin, CEO                 Ashcourt Rowan plc 
  jonathanpolin@ashcourtrowan.com     www.ashcourtrowan.com        +44 (0) 20 7871 7373 
 Gordon Neilly                                                     +44 (0) 20 7050 6778 
  gneilly@canaccordgenuity.com 
 
  Sue Inglis                                                       +44 (0) 20 7050 6779 
  singlis@canaccordgenuity.com 
  Rishi Zaveri                       Canaccord Genuity Limited 
  rzaveri@canaccordgenuity.com        www.canaccordgenuity.com     +44 (0) 20 7050 6780

Media enquiries:

 
                     MRM 
 Andrew Appleyard     www.mrm-london.com    +44 (0) 20 3326 9908

Notes to the editors:

1. Ashcourt Rowan Plc is one of the UK's leading and fastest-growing wealth management companies. Today, Ashcourt Rowan provides its personalised approach to financial advice and asset management services directly and through third party advisers to over 50,000 clients across the UK via the Ashcourt Rowan (Ashcourt Rowan Financial Planning Ltd, Ashcourt Rowan Asset Management Ltd & Ashcourt Rowan Administration Ltd) and Savoy brands. The group currently has around GBP4 billion of assets under management and influence and an expanding network of 19 offices across the UK. Further information on Ashcourt Rowan can be found at www.ashcourtrowan.com.

2. This announcement comes on the back of a number of senior management changes at the Company following the appointment of Jonathan Polin as Group CEO in September 2011. These include the appointments of Alfio Tagliabue as Group CFO, Richard Sinclair as Chief Operating Officer and Jim Roberts as Non-Executive Director.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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