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RNS Number : 8235N
Sanne Group PLC
23 January 2019
23 January 2019
Sanne Group plc
("SANNE" and the "Company" or "Group")
SANNE announces Chief Executive Officer succession plan
Sanne Group plc, the global provider of alternative asset and
corporate services, today announces that, after a busy and
successful seven years running SANNE as Chief Executive Officer,
Dean Godwin has decided to retire from the firm and, after 20 years
in the industry, he has decided to retire from the fund
administration sector as well. Martin Schnaier, previously SANNE's
Chief Commercial Officer, is to succeed Dean Godwin as the Group's
Chief Executive Officer ("CEO").
Following this decision, Martin has today been appointed as the
Group's Chief Executive Officer Designate and as a Director of the
SANNE Board. Martin and Dean will work closely together over the
coming months to ensure an orderly transition. Martin will then
take on the role of CEO at the end of the Company's Annual General
Meeting on 16th May 2019, at which time Dean will retire from the
Group.
Dean Godwin joined SANNE in 2012. During his tenure, the company
has been transformed into a global, market-leading business,
growing revenue and underlying operating profit by over 600%. He
led the company's successful IPO in 2015.
Martin Schnaier joined SANNE in 2011 and has been Chief
Commercial Officer since 2017, responsible for the firm's global
service offering and its continued commercial development.
Previously, Martin was Managing Director of SANNE's Alternative
Assets business across EMEA. He has 20 years' experience working in
the finance industry, with senior roles at Babson Capital (now
Barings) and Advent Venture Partners prior to joining SANNE and
qualified as a Chartered Accountant (ICAEW) with KPMG.
Rupert Robson, Chairman of SANNE, said:
"Dean's contribution to SANNE has been exceptional. He has
overseen a hugely successful IPO and our significant subsequent
growth, cementing SANNE's reputation as a market-leader focused on
fast growing asset classes in the world's most attractive regions.
He has also encouraged investment at SANNE to ensure that we have a
strong platform for continued growth in the future. Dean will be
leaving SANNE in very good shape and with our very best wishes.
"The Board is delighted to appoint Martin as Dean's successor.
The Board has run a thorough succession process, helped by external
consultants, which reviewed and assessed a strong field of internal
and external candidates, and Martin was the standout candidate.
Martin has played a key role in the growth of Sanne over the last
eight years and has a deep understanding and experience of our
business and markets. The Board welcomes Martin to the role and
wishes him every success."
Dean Godwin said:
"It has been an enormous pleasure to lead SANNE over the last
seven years. I have had the privilege to work with so many talented
people and I am grateful for their invaluable support in
transforming SANNE into a global leader. I have worked with Martin
closely for many years and am confident that he will lead the Group
to even greater success in the future."
Martin Schnaier said:
"Having been intimately involved in a remarkable period of
growth and investment for the Group over most of the past decade, I
am excited about the significant organic and inorganic
opportunities SANNE has across all of our global markets. I look
forward to working with all of my colleagues in the coming years to
drive the next phase of transformational growth for the Group. We
will continue to work hard towards becoming the leading independent
provider of alternative asset and corporate administration services
globally."
There is nothing further to disclose in relation to the
appointment under LR9.6.11 - 9.6.13 of the Listing Rules.
Enquiries:
SANNE
Rupert Robson, Chairman
Dean Godwin, Chief Executive Officer
James Ireland, Chief Finance Officer +44 (0) 1534 722 787
Tulchan Communications LLP
Tom Murray +44 (0) 20 7353 4200
Notes to editors:
About SANNE
SANNE is a leading global provider of alternative asset and
corporate services.
Established for over 30 years and listed as a FTSE 250 company
on the Main Market of the London Stock Exchange, SANNE employs more
than 1,400 people worldwide and administers structures and funds
that have in excess of GBP215 billion of assets.
SANNE delivers tailored fiduciary services to a highly valued
international client base through a global network of offices
located in 18 leading financial jurisdictions, which are spread
across the Americas, Europe, Africa and Asia-Pacific.
Clients are serviced through regional businesses which are led
by managing directors with extensive asset class and market
experience. They in turn are supported by multifunctional and
skilled teams of professionally qualified people who are aligned to
the specific requirements of each client, across one accredited
platform.
SANNE leads in the provision of fund and corporate
administration, AIFMD depositary and AIFM management company
services. Specialist expertise exists in private debt and capital
markets, real estate, private equity, hedge, loan agency,
regulatory, corporate, executive incentives, private client, family
office and investment treasury services.
Key clients include leading alternative asset managers, global
financial institutions, family offices, UHNWIs and international
corporates.
sannegroup.com
Details of payments made to and receivable by Dean Godwin will
be disclosed in the Directors' Remuneration Report within the
Company's Annual Report and Accounts for the year ended 31 December
2019, as appropriate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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END
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