Record PLC Board Appointment (8168T)
18 Dezember 2012 - 2:10PM
UK Regulatory
TIDMREC
RNS Number : 8168T
Record PLC
18 December 2012
18 DECEMBER 2012
RECORD PLC
BOARD APPOINTMENT
Record plc ("Record" or the "Company"), the specialist currency
manager, announces today the appointment of Steve Cullen as Chief
Financial Officer, effective 1(st) April 2013, further to the
management reorganisation announced by Record on 16(th) November
2012. Mr. Cullen joined Record in October 2003, and has served as
its Financial Controller since then.
Commenting on today's announcement, James Wood-Collins, Chief
Executive Officer, said: "Steve's appointment serves to maintain
continuity in the management of our finance functions. I am
delighted to welcome Steve to the Board of Record plc, and my
fellow directors and I are looking forward to his
participation."
Biographical details for Mr. Cullen are set out below. There are
no other disclosures required under Listing Rule 9.6.13.
For further information, please contact:
Record plc Tel: +44 (0) 1753 852 222
James Wood-Collins
MHP Tel: +44 (0) 20 3128 8100
Nick Denton
John Olsen
Vicky Watkins
Notes to Editors
Steve Cullen
Steve Cullen joined Record in October 2003 as Financial
Controller, and was promoted to Associate Director of Finance in
January 2005. Prior to joining Record, he qualified as a Chartered
Accountant in 1994 and gained 15 years of audit experience within
practice. Steve has led the Finance team, reporting directly to the
Chief Financial Officer, for over 9 years and was part of the
internal management team at Record involved in the preparation for
admission to trading on the London Stock Exchange in December
2007.
Record plc
Record is a specialist currency manager and provider of currency
hedging services for institutional clients. Founded in 1983, Record
has established a market leading position as a currency manager.
Specifically, the Group has a leading position in managing Dynamic
Hedging and Currency for Return for institutional clients.
The Group has three principal product lines:
- Dynamic Hedging, formerly known as Active Hedging, where
Record seeks to eliminate the impact of currency movements on
elements of clients' investment portfolios that are denominated in
foreign currencies when these movements are expected to result in
an economic loss to the client, but not to do so when they are
expected to result in an economic gain;
- Passive Hedging, where Record seeks to eliminate fully or
partially the economic impact of currency movements on elements of
clients' investment portfolios that are denominated in foreign
currencies; and
- Currency for Return, formerly known as Absolute Return, in
which Record enters into currency contracts for clients with the
objective of generating positive returns.
Record (LSE: REC) was admitted to trading on the London Stock
Exchange on 3rd December 2007.
This announcement includes information with respect to Record's
financial condition, its results of operations and business,
strategy, plans and objectives. All statements in this document,
other than statements of historical fact, including words such as
"anticipates", "expects", "intends", "plans", "believes", "seeks",
"estimates", "may", "will", "continue", "project" and similar
expressions, are forward-looking statements.
These forward-looking statements are not guarantees of the
Company's future performance and are subject to risks,
uncertainties and assumptions that could cause the actual future
results, performance or achievements of the Company to differ
materially from those expressed in or implied by such
forward-looking statements.
The forward-looking statements contained in this document are
based on numerous assumptions regarding Record's present and future
business and strategy and speak only as at the date of this
announcement.
The Company expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statements contained in this announcement whether as a result of
new information, future events or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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