– UK, London – Cenkos Securities PLC (LON: CNKS) today announced the appointment of current Executive Director and Head of the Growth Companies Team, Julian Morse as Chief Executive, subject to FCA approval, succeeding Jim Durkin who has informed the Board that he intends to retire as Chief Executive
Julian joined Cenkos in its first year of operations and was a founding member of the Growth Companies Team, which he has led since 2016 and which has grown and performed strongly since.
The Board also announced the appointment of Jeremy Osler, Co-Head of Corporate Finance & General Counsel, to its Board as an Executive Director, subject to FCA approval, and in addition to his current role.
Jeremy qualified as a lawyer and practiced with Ashurst before joining J.P. Morgan Cazenove and latterly Hannam & Partners. He joined Cenkos in 2016.
Jim Durkin will continue in his role as Chief Executive and Board Director until Julian’s appointment has been approved by the FCA and will then remain with the Company for a short period to facilitate a smooth transition of leadership through to March 2021. Jim returned to lead the business in 2019, at a very difficult time for UK stockbrokers and successfully kept the Company profitable, led the restructuring of the Board and further strengthened governance.
Commenting on the Board changes, Jim Durkin said: “I will be leaving the Company in very good shape, and I have every confidence that Julian will leverage his 25+ years’ experience in the City to successfully lead the Company with the expert help of Jeremy, Lisa and the rest of the Board and Executive Committee. Our offices in London and Edinburgh have led some of the most successful transactions during 2020 including the IPOs of FRP Advisory, Round Hill Music Royalty Fund, Calnex Solutions and HeiQ. Whilst I will be stepping down from the Board, I look forward to watching the Company progress and intend to remain a supportive shareholder.”
Julian Morse said: “I am very excited to be taking over as Chief Executive of Cenkos, at what is a pivotal time for stockbrokers in the UK. With our focus, in particular, on growth companies, and investment trusts, we are well-positioned to take advantage of the positive macro trends towards equity markets. Cenkos has always been and will remain nimble and share the entrepreneurial instincts of many of our clients, which enables us to flourish in periods of change.
Our people are our key asset, and I would like to thank them for all their hard work so far this year. We are approaching the end of the year with real momentum and I look forward to us continuing to drive returns for all our stakeholders. “
Chairman, Lisa Gordon said: “This year has been intense, and the challenges of Covid-19 have been well documented. In our case, we have performed well in 2020 and it has reinforced the Board’s belief that Cenkos is made up of outstanding people. The Board has a shared vision for the Company’s culture and structure going forward, which will provide opportunities for personal and professional development throughout the firm and secure Cenkos’ continued success.”
For more information: https://www.cenkos.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.