REG - RIT Cap. Partners - Company Announcement

RIT Capital PartnersAnnouncement

04/01/2024 17:00

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RNS Number : 7084Y  RIT Capital Partners PLC  04 January 2024

RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

 

4 January 2024

 

Company Announcement

 

After an extensive international search, the Board of RIT Capital Partners plc
('RIT') is delighted to announce the appointment of Maggie Fanari as the CEO
of its investment manager J Rothschild Capital Management Limited ('JRCM').
Maggie will take up the role of CEO in March 2024.

 

Maggie has long experience of leading successful teams investing across asset
classes and geographies in one of the largest and most respected investment
companies in the world. She is currently Senior Managing Director and Global
Group Head High Conviction Equities at Ontario Teachers' Pension Plan ('OTPP')
and has been with OTPP since 2006.

 

James Leigh-Pemberton, Chairman of RIT said "We are delighted to appoint
Maggie to the role of CEO of JRCM. The track record of the team she has led at
OTPP has been outstanding. She knows RIT and JRCM well, and we look forward to
working with her to deliver the exceptional long term returns to our
shareholders which have been the hallmark of RIT over the years."

 

Maggie Fanari said "I am delighted to be joining JRCM and look forward to
leading an exceptional team to deliver significant value for shareholders.
Having been a director on the board over the past four years, I believe there
is tremendous potential to further scale and grow the firm by building on its
strong foundation of active management. The firm's strategy of investing
across asset classes and geographies, with a unique network of tier one
partners, and world-class brand sets the firm apart from its peers to deliver
enhanced returns through a globally diversified portfolio over the long term."

 

Maggie succeeds Francesco Goedhuis who, due to an illness in the family, will
transition from his current role as CEO of JRCM to senior advisor to the
company. The Board welcomes the continuation of this relationship and is
grateful to Francesco for his long service to the company and the notable
successes during his tenure as CEO.

 

A non-executive director at RIT for the past four years, Maggie will step down
from the Board of RIT on commencement of her new role.

 

For more information:

J. Rothschild Capital Management (Manager):

T: 020 7647 8565

E: investorrelations@ritcap.co.uk (mailto:investorrelations@ritcap.co.uk)

 

Numis (Joint Broker):

David Benda

T: 020 7260 1000

 

JP Morgan Cazenove (Joint Broker):

William Simmonds

T: 020 3493 8000

 

Brunswick Group LLP (Media enquiries):

Nick Cosgrove, Tom Burns

T: 020 7404 5959

E: RIT@BrunswickGroup.com (mailto:RIT@BrunswickGroup.com)

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