Cenkos Securities PLC Directorate Changes (1247K)
July 05 2017 - 1:00AM
UK Regulatory
TIDMCNKS
RNS Number : 1247K
Cenkos Securities PLC
05 July 2017
5 July 2017
Cenkos Securities plc
("Cenkos" or the "Company")
Directorate Changes
As reported on 12 May 2017, Jim Durkin, the Company's Chief
Executive Officer had informed the Company of his intention to
retire from the Company. The Company has since undertaken a search
for a successor to Jim Durkin.
Following the completion of this search, Cenkos is pleased to
announce that, subject to FCA approval, Anthony Hotson is to be
appointed as an Executive Director and to the position of Chief
Executive Officer with effect from 1 August 2017. Anthony Hotson
has been a Non-Executive Director of the Company since May
2012.
Jim Durkin will resign from the Board and from the position of
Chief Executive Officer on 1 August 2017 and will leave the Company
on 31 December 2017.
Anthony has extensive experience in financial services having
previously worked for the Bank of England, McKinsey & Company
and S.G. Warburg. He started his career in the Economics Division
of the Bank of England, subsequently moving to the Governors'
Office and Money Markets Division. In 1986, he was seconded to the
newly-formed Building Societies Commission as Assistant
Commissioner. Thereafter, he was employed by McKinsey & Company
before joining the corporate finance division of S.G. Warburg. He
was a Director of S.G. Warburg & Co. Ltd. from 1992 to 1995 and
subsequently Managing Director and Head of the Financial
Institutions Group, SBC Warburg (subsequently UBS) until 1998.
Following this he served as Non-Executive director in the
insurance, fund management and banking sectors, including as a
Non-Executive Director of Henderson Group plc where he was a member
of the group board and Chairman of its subsidiary companies, London
Life and Towry Law. Anthony is Deputy Director of the Centre for
Financial History and a senior member of Darwin College,
Cambridge.
Gerry Aherne, Chairman said:
"The Board would like to thank Jim for all his hard work and the
significant contribution that he has made to the development of the
business and he will leave with our best wishes."
"I have every confidence in Anthony in leading the Company going
forward as the Company's new Chief Executive Officer. Anthony is
exceptionally well placed to undertake the role and his wealth of
experience will be a valuable asset for the Company in his new
executive role. Having been a director of the Company since May
2012, Anthony has previously been involved in reviewing the firm's
structure, governance and processes, including the impact that
changing regulations may have, and he has been actively involved
with the management of the Company in this respect. "
Enquiries:
Jim Durkin +44 20 7397 8900
Chief Executive Officer
Cenkos Securities plc
Dr Azhic Basirov / David Jones / Ben Jeynes +44 20 7131 4000
Nominated Adviser
Smith & Williamson Corporate Finance Limited
David Rydell / Duncan Mayall +44 20 3772 2496
Bell Pottinger
This information is provided by RNS
The company news service from the London Stock Exchange
END
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