REG - City of Lon Inv Grp - BOARD AND MANAGEMENT UPDATE

City of London InvestmentAnnouncement

03/10/2023 07:00

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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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