The Board announces that the Group’s Founder and Executive Chairman, Howard Shore, is relinquishing his operational responsibilities as Group Chief Executive and these will be taken over by Simon Fine and David Kaye as joint Chief Executive Officers. Mr. Shore remains Executive Chairman of the Group and will focus on its international investment strategy, including developing new relationships as well as investment opportunities.
As part of their appointments, Simon Fine and David Kaye will join the Group’s Board of Directors. The appointments are intended to take effect in April 2017, subject to regulatory approval.
Commenting on the appointments, Mr. Shore said:
“Having led the Group’s growth and development for 32 years I am extremely excited by the favourable environment for our operating businesses and the compelling opportunities that lie before us. Simon and David have worked closely with me for many years and I am delighted that they have agreed to lead the Group’s future development.”
“As we reported in today’s results statement, our capital markets and asset management businesses are performing strongly and are well positioned for the future. This success is a testament to Simon and David’s leadership and the excellent teams they have helped to assemble.”
Simon has a 15 year track record of success at Shore Capital since joining in 2002 as Chief Executive Officer of our Capital Markets business. In the 11 years since David joined the Group in 2006, he has been instrumental in the success of the Asset Management’s diversified international investment activities, initially as the Group’s General Counsel and, more recently, as Chief Executive Officer of this division.
Howard Shore, Executive Chairman
Lynn Bruce, Director
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Grant Thornton UK LLP (Nominated Adviser)
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Bell Pottinger (Public Relations)
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About Shore Capital
Shore Capital is an AIM quoted independent investment group. Founded and majority owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.
About Simon Fine
Simon Fine joined Shore Capital in 2002 to lead the development of Shore Capital Markets. He is responsible for all aspects of trading and brokerage as well as the integration of related corporate broking activities. Prior to joining the Group, he was Managing Director and Co-Head of Pan European Equity Cash Trading at Lehman Brothers. Before that, Simon spent 14 years at Dresdner Kleinwort Benson, latterly as Head of Pan European Equity Cash Trading, developing its UK operations into one of the leading players in UK and German equities.
About David Kaye
David Kaye graduated from Oxford University with a degree in law and was called to the Bar in 2000. He practised as a barrister at a leading London chambers for five years, specialising in advising on a range of complex commercial legal issues with a particular focus on financial investments and real estate. He joined Shore Capital in January 2006, and having been Commercial Director and General Counsel for the Group, took responsibility for the Group’s asset management division on 1st May 2012.