Released: 05 Jan 2005
Peter Pearson Lund, Chief Executive of Rathbone Unit Trust Management Limited, has been appointed to the Board of Rathbone Brothers Plc with effect from 5th January 2005.
Mark Powell, Chairman, commented: “In the five years since Peter joined us to develop our unit trust business, funds under management have risen from under £100 million to just over £800 million1, and we are on track to reach £1 billion.
“This growth reflects widespread recognition of the excellent investment performance achieved by Rathbones’ funds and the continuing support of a wide range of intermediaries. Our success in this area has undoubtedly been beneficial to Rathbones as a whole.
“Unit trusts are an important growth area for us, representing as they do over 10% of our funds under management.”
Peter Pearson Lund joined Rathbones in 1999 when the company decided to bring together its unit trust activities and develop them. At that time, funds under management were under £100 million. He had previously been Managing Director of Gartmore Fund Managers Limited.
There are no further details requiring disclosure under paragraph 16.4 of the UKLA Listing Rules.
For further information, please contact:
| Emily Morris, Marketing Director | Rathbones | Tel: 020 7399 0102 |
| Mark Tierney/Joanna Trezise | Fishburn Hedges | Tel: 020 7839 4321 |
Notes to editors:
Rathbones is a listed investment management company and a leading provider of discretionary fund management and wealth management services for private clients and trustees. It manages over £7 billion of discretionary funds for individuals, their trusts, charities and pension funds, and for the professional advisers of these clients. The company provides tax, trust, financial planning and family office services through its trust division2.
2 Rathbone Trust Company Limited and the services it provides are not authorised or regulated by the Financial Services Authority