City of London Investment Group PLC BOARD AND MANAGEMENT UPDATE (4480O)
03 Ottobre 2023 - 8:00AM
UK Regulatory
TIDMCLIG
RNS Number : 4480O
City of London Investment Group PLC
03 October 2023
City of London Investment Group PLC
03 Oct 2023
CITY OF LONDON INVESTMENT GROUP PLC
("City of London", "the Group" or "the Company")
BOARD AND MANAGEMENT UPDATE
In advance of the Annual General Meeting to be held on 23(rd)
October 2023, City of London Investment Group (LSE: CLIG) is
highlighting the following significant personnel changes within the
Group:
-- As noted in the Annual Report and Accounts for the year ended
30(th) June 2023, Barry Aling will be retiring from the Board at
the Annual General Meeting. Subject to shareholder approval, Rian
Dartnell will become the Chair of the Board. Rian is an existing
Non-Executive Director of CLIG and brings a wealth of experience in
working with endowments, foundations and family offices.
We also note the following senior manager role changes within
the underlying Group companies:
-- Mark Dwyer, CLIM CIO, has announced his intention to retire
from the firm on 30(th) June 2024. Mark has been with the firm for
over 20 years having served as the Head of EM CEF Strategy. We wish
him the very best in his retirement.
-- Oliver Marschner, senior CLIM Portfolio Manager, will assume
responsibility for the EM CEF Strategy from 1st January 2024.
Oliver returned to CLIM's London office five years ago, having
previously worked for CLIM in Singapore for six years and Seattle
for three years. He will continue to work closely with senior
portfolio managers, Chris Weaver and Jeff Gill. The leadership of
the other investment strategies within the CLIM subsidiary is
unchanged. The average tenure of the lead portfolio managers at the
firm approaches twenty-years, with a significant "bench" of talent
behind them.
-- Ted Sevick has been promoted to Chief Operating Officer of
the Group. Ted has been at the firm for 17 years, having worked in
operations and investment management roles.
-- Brett Gardner, Senior Vice-President, has joined the
Management Team at Karpus Investment Management (KIM). Brett has
been with KIM for 18 years, having worked within the investment
management and business development departments.
As mentioned in the Annual Report and Accounts, we are also
pleased to share that CLIM's US office has moved to West Chester,
PA, a suburb of Philadelphia. Our new location brings our US staff
under one roof in a new, modern space with multiple walking
distance amenities. We invite you to visit us in our new
office.
Tom Griffith, CEO
City of London Investment Group PLC
Tel: 001-610-380-0435
Martin Green , James Hornigold
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
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END
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