Released: 06 Jul 2004
Rathbone Brothers Plc, the listed investment management company, today announced that Sue Desborough, currently Group Financial Controller, will become Finance Director of the Group with effect from 1 October 2004.
Sue succeeds Andy Pomfret, who becomes Chief Executive of Rathbones on 1 October 2004 following the retirement of Roy Morris on that date.
Mark Powell, Chairman, commented: “As a result of an extensive search conducted for us by one of the top executive search companies, we concluded that the best candidate for the job was in fact an internal one. Sue Desborough has made a significant contribution since joining the company, has an extremely strong grasp of the business fundamentals and will, the Board is confident, make an excellent contribution in this role going forward.”
Sue Desborough, 44, joined Rathbones in November 2000 from Kleinwort Benson where she was Head of Financial and Regulatory Reporting. She qualified as a Chartered Accountant with Deloitte Haskins & Sells.
Ends
For further information, please contact:
Rathbone Brothers Plc (020 7399 0000)
- Mark Powell, Chairman
- Andy Pomfret, Finance Director
Luther Pendragon (020 7618 9100)
- Andrew Sharkey
Notes to editors:
Rathbones is a listed investment management company, managing over £6.8 billion of discretionary funds for individuals, their trusts, charities and pension funds, and for the professional advisers of these clients. This figure includes over £500 million managed through Rathbones’ unit trust division* in a range of top performing unit trusts. The company, through its trust company division** also provides tax, trust and company management services, and administers and manages self-invested personal pension schemes.
All figures as at 31 December 2004.
*Rathbone Unit Trust Management Limited, authorised and regulated by the Financial Services Authority
**Rathbone Trust Company Limited