Appointment of a New Chairman
Intermediate Capital Group PLC
26 January 2001
Appointment of a new Chairman
Intermediate Capital Group PLC ('ICG') is pleased to announce the appointment
of John Manser as a non-executive director of the company. He has been
appointed Deputy Chairman and will take over as the Chairman from Murray
Stuart with effect from the Annual General Meeting on 21st May 2001. Murray
Stuart is retiring after seven years as Chairman of ICG.
John Manser, CBE, 61, retired as Chairman of Robert Fleming Holdings in March
2000 on its acquisition by Chase Manhattan Bank. His career at Robert Fleming
spanned 33 years, where he was managing director of both Save & Prosper Group
and Jardine Fleming (Hong Kong) before being appointed as Chief Executive and
subsequently Chairman of Robert Fleming Holdings.
Murray Stuart said:
'I am delighted that John Manser has agreed to become ICG's Chairman on my
retirement. John's broad experience within the European financial services
market and in the fund management industry will complement the strengths of
the existing Board and he will make a very valuable input to the further
development of successful growth.'
John Manser commented:
'I am looking forward to taking over from Murray Stuart as Chairman of ICG.
Murray became Chairman prior to ICG's flotation and has made a considerable
contribution to its success.'
ICG also announces that Robert Padgett, a non-executive Director of ICG, will
stand down after seven years from the Board with effect from 25th January.
He has been much appreciated.
Enquiries: Tel:
Tom Attwood, Managing Director,
Intermediate Capital Group PLC (020) 7628 9898
Tom Bartlam, Managing Director,
Intermediate Capital Group PLC (020) 7628 9898
Murray Stuart, Chairman,
Intermediate Capital Group PLC (020) 7628 9898
John Manser (01980) 670 605
Gill Ackers, (020) 7404 5959
Brunswick Group Limited
Simon Sporborg,
Brunswick Group Limited (020) 7404 5959
Notes to editors:
Intermediate Capital Group PLC is the leading arranger and provider of
mezzanine finance to small and mid-cap companies in Europe. It was founded
in 1989 and subsequently listed on the London Stock Exchange in 1994. The
company has a market capitalization of £500 million and has arranged or
provided in excess of £1.5 billion of mezzanine finance throughout Europe.
In addition to investing its own resources, ICG manages two high yield and
loan funds totalling Euro 750m, EuroCredit CDO I and CDO II, as well as
having two mezzanine funds under management totalling Euro 575 million.
ICG has offices in London and Paris and employs 25 professionals, who
together have many years of investment experience and of analysing credit and
providing mezzanine finance throughout Europe. ICG is regulated by the
Investment Management Regulatory Organisation Limited (IMRO).
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