UK's MJ Hudson mulls sale of some units, names interim CFO (updated)

MJ Hudson

16/01/2023 07:41

(Adds details, background)
       Jan 16 (Reuters) - Britain's MJ Hudson Group  MJH.L ,
which provides services to asset managers, said on Monday it was
evaluating takeover interest in some units to reduce its debt
and named an interim finance chief as it continues the delayed
audit of last year's results.
    The company said it had engaged Alvarez & Marsal to evaluate
the inbound indications of interest for some of its divisions,
without giving any further details.
    MJ Hudson, which provides advisory, outsourcing and data
services to asset managers, suspended Chief Financial Officer
Peter Connell last month and warned it would not be able to
complete auditing its full-year 2022 results by the end of that
month as more financial discrepancies had come to light.
    The company, whose shares were suspended on Dec. 12, said on
Monday it continues to work to achieve the necessary clarity on
its full-year financials.
    MJ Hudson said Ran Oren will take over as interim CFO.
 (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio
D'Souza)
 ((Radhika.Anilkumar@thomsonreuters.com;))