LEI: 549300XVXU6S7PLCL855
For
immediate release
18
July 2024
Liontrust Asset Management
Plc
("Liontrust" or the
"Company")
Appointment of new
Chair
Liontrust announces that Alastair
Barbour, Non-executive Chair of the Company, will retire from the
board of directors of the Company (the "Board") at the close of the Company's
Annual General Meeting (the "AGM") on 19 September 2024.
Accordingly, Mr Barbour will not seek re-election at the AGM. The
Board thanks Mr Barbour for his outstanding leadership and service
to the Company.
Liontrust announces that Luke Savage
will be appointed as Non-executive Director and Chair of the
Company with effect from 20 September 2024. Mr Savage will also
serve as chair of the Nomination Committee.
Mr Savage is an experienced
Non-executive Director and Chair, as the Chair of Chesnara plc from
February 2020 to date and a Non-executive Director of Deutsche
Numis, having held the position of Chair of Numis Corporation plc
from 2022 to 2023. He previously served as a Non-executive Director
of DWF Group plc and Liverpool Victoria Financial Services
Ltd.
Mr Savage's career has also included
senior roles in leading financial institutions such as Standard
Life plc, where he was Group CFO, Lloyd's of London, Deutsche Bank
AG and Morgan Stanley. He is a qualified Chartered Accountant (ACA
from ICAEW).
John Ions, Chief Executive
Officer, said "Alastair has made a
significant contribution to Liontrust as a Non-executive Director
and then Chair since 2019, with the Group's AuMA nearly doubling
over the past five years. Alastair has provided great guidance and
advice, and I would like to thank him for all the support he has
provided.
We look forward to welcoming Luke as
the new Chair as Liontrust seeks to continue to develop the
business and ensure we are well positioned for the growth in the
savings market. Luke has extensive experience across the financial
services industry, including in pensions and asset management, and
this will be hugely beneficial to Liontrust in the years
ahead."
Alastair Barbour, Non-executive
Chair, said: "I am proud to have been Chair
of Liontrust. The Group has built a great
business; one that is in strong financial health. This is based on
the hard work and dedication of everyone at Liontrust and I thank
them for their contribution.
I wish Luke all the very best as the
new Chair from September. I will be watching closely, willing
Liontrust on to further success, knowing that they can grow through
their strong investment teams, distribution and brand. Luke has the
breadth of experience, knowledge and ability to Chair Liontrust for
its next phase of growth."
Luke Savage, incoming Non-executive
Chair, added: "I thank the Board for the
opportunity of succeeding Alastair as Chair. It is to Alastair's
and their credit that Liontrust is such a strong business.
I have been impressed by the
ambition and strategy of John Ions and Vinay Abrol, the talent they
have in their teams and am confident that Liontrust can take
advantage of the many opportunities that lie ahead."
Notes:
1. The
appointment of Luke Savage was made by the Board on the
recommendation of the Nomination Committee.
2. The Board
has determined that Luke Savage will be an independent
Non-executive Director on appointment in accordance with the UK
Corporate Governance Code.
3. Luke Savage
has been a director of the following listed companies in the last
five years:
Current Directorships
|
Past Directorships
|
Chesnara plc
|
Numis Corporation plc
|
|
DWF Group plc
|
4. There are
no additional details to disclose in respect Luke Savage's
appointment under Listing Rule 9.6.13R.
For further information please
contact:
Teneo (Tel: 020 7353 4200, Email:
liontrust@teneo.com)
Tom Murray, Colette Cahill, Jessica
Pine
Liontrust Asset Management
Plc (Tel: 020 7412 1700, Website:
liontrust.co.uk)
Stephen Corbett: Head of Investor
Relations
Simon Hildrey: Chief Marketing
Officer
Singer Capital Markets (Tel: 020
7496 3000)
Corporate Broking: Charles
Leigh-Pemberton
Corporate Finance: James
Moat
Panmure Liberum (Tel: 020 7886
2500)
Corporate Broking: David
Watkins
Corporate Advisory: Atholl
Tweedie
HSBC Bank plc (Tel: 020 7991
8888)
Corporate Broking: Sam McLennan,
James Hopton
Corporate Advisory: Alexander
Paul
ENDS