REC Record Plc

TIDMREC

RNS Number : 0222Z

Record PLC

15 September 2015

15 SEPTEMBER 2015

Record plc

Board Changes

Jane Tufnell appointed as an independent non-executive director

Record plc ("Record"), the specialist currency manager, today announces the appointment of Jane Tufnell as an independent non-executive director with effect from 14 September 2015.

Jane Tufnell co-founded the investment management firm Ruffer LLP in 1994 and served on its management board until her retirement in June 2014. She was appointed as the non-executive chairman of GVQ Investment Management Limited in June 2015. She is also the senior independent director of The Diverse Income Trust plc and has been an independent non-executive director of JPMorgan Claverhouse Investment Trust plc since October 2013. She served as a non-executive director of TR European Growth Trust plc from September 2012 to November 2014.

Neil Record, Chairman of Record, commented: "Jane has a wealth of investment management expertise and so she is well placed to bring valuable market experience and good business insight to the Record Group. My Board colleagues and I are delighted to welcome her to the Board, and we are very much looking forward to working with her."

There are no other disclosures required under Listing Rule 9.6.13.

Enquiries:

Record plc Tel: +44 (0)1753 852222

Neil Record, Chairman

James Wood-Collins, Chief Executive Officer

MHP Tel: +44 (0) 20 3128 8100

   Nick Denton                                                                   record@mhpc.com 

Jack Holden

Jennifer Iveson

Notes to Editors

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 Currency Hedging and Currency for Return for institutional clients.

The Group has three principal product lines:

-- Dynamic 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, 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 3 December 2007.

This information is provided by RNS

The company news service from the London Stock Exchange

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