RCS - Record PLC - Senior Subsidiary Appointments

RecordAnnouncement

25/04/2024 07:15

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RNS Number : 9160L  Record PLC  25 April 2024

 

RECORD PLC

 

Senior Subsidiary Appointments

 

Record plc ("Record", the "Company" or the "Group"), the specialist currency
and asset manager, announces a number of senior appointments at Record
Currency Management Limited ("RCML"), the Group's FCA regulated subsidiary.

RCML Senior Appointment

Andreas Koester - CEO of Emerging Market and Frontier Investment

Record is pleased to announce its agreement to work in partnership with
Andreas as CEO of Emerging Market and Frontier Investment at RCML.

Andreas pioneered combining currency within sustainable finance, breaking new
ground in developing currency lending in Emerging and Frontier markets and
will focus on developing Record's Emerging Markets and Frontier business.  He
will also lead the Emerging Market Sustainable Finance Fund ("EMSF") currently
USD 1 billion AUM.

The EMSF is an Article 8 fund under Regulation (EU) 2019/2088 that aims to
support the development of local currency markets in low and middle-income
economies together with improved access to long-term local currency lending.
This unique investment strategy represents a significant innovation in
currency markets and a commitment to the development of new sustainable
investment products for private clients globally, which Record expects to have
broad and growing appeal for years to come.

Andreas has significant experience in the world of currency with a successful
19-year track record, having previously held senior positions in other asset
management firms in Switzerland; including Schroders, UBS and UBS Wealth
Management. Most recently, Andreas was the Chief Investment Officer at Union
Investment, the Frankfurt-based asset manager, with responsibility for
managing the 300 strong portfolio management team and setting strategic and
tactical asset allocation for discretionary client portfolios of EUR 400
billion across currency and other asset classes.

RCML Board Appointments

Tom Arnold - Head of Client Team

Tom has been promoted to Head of Client Team and will be joining the RCML
Board, subject to FCA approval.

Tom has overall responsibility for client relationships and leads the Client
Team. Tom joined Record in 2015 and has been managing client relationships for
Record across FX hedging and return-seeking strategies. Tom has over 10 years'
industry experience. He previously worked at KPMG and Vebnet (now part of
Phoenix Group).

Shaesta Wahedally - Head of Client Onboarding

Shaesta has been promoted and will be joining the RCML Board, subject to FCA
approval.

Shaesta is Head of Client Onboarding and has responsibility and oversight for
the Legal function and client onboarding, having previously been the Head of
the Operations department. She has chaired the Portfolio Management Group
since 2021 and has over 27 years' industry experience having joined Record in
1996.

Rebecca Venis

Rebecca has stepped down as Chief Technology Officer from the RCML Board and
left Record. Paul Sheath has been appointed as Head of Technology and reports
to the RCML Board. He was previously Head of IT at Odey Asset Management and
has over 18 years' experience in financial services technology.

-Ends -

 

 

For further information, please contact:

 

 Record plc                              Tel: +44 (0) 1753 852 222

 Dr Jan Witte, Chief Executive Officer

 Steve Cullen, Chief Finance Officer

 Buchanan                                Tel: +44 (0) 20 7466 5000

 Simon Compton                           record@buchanan.uk.com

 Henry Wilson

 George Beale

 

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