Numis appoints Alan Carruthers to its Board of Directors as Non-Executive Chairman

– UK, London – Numis Corporation Plc (AIM:NUM), announces the appointment of Alan Thomas Carruthers as Non-Executive Chairman following Gerald Corbett’s previously announced decision to step down from the Board, both with immediate effect.

Alan has over 27 years equity markets experience working for leading financial services firms and held senior positions as Head of Global Sales Trading at Morgan Stanley (1996 – 2003), Global Head of Equities at Cazenove (2003 – 2010) and Head of Europe, Middle East and Africa (EMEA) Cash Equities at JP Morgan Cazenove (2010 – 2011). He has held a number of executive board level positions and is, therefore, familiar with the regulatory environment in which Numis operates and the operation of regulated boards and their governance structures. More recently, Alan served as a Non-Executive Director to Hydrodec Group Plc (2012 – 2016) where he also sat on the Audit and Remuneration Committees.

Commenting on the appointment Alex Ham and Ross Mitchinson, Co-Chief Executive Officers of Numis said: “We are delighted to welcome Alan as Non-Executive Chairman of Numis. Alan is an experienced financial services practitioner, particularly within the cash equities space, and he is therefore an excellent fit with Numis’ business. Alan has a track record of focusing on strategy while providing the necessary leadership and drive which will enable him to make a significant contribution to the continued development of Numis.”

“On behalf of the Board we would like to thank Gerald for his valuable contribution over the past 8 years, serving first as Non-Executive Director and latterly as Non-Executive Chairman since May 2014. Gerald remains a close friend of Numis and we wish him well in his other business interests.”

Alan Carruthers said: “Numis has established itself as one of the UK’s most respected broking and advisory businesses. It has achieved this by delivering exceptional client service through a highly talented team of people. I very much look forward to contributing to the continued development of Numis under its energetic and dynamic management team.”

Alan Carruthers is currently a director of McClean Advisory Limited and St. Catherine’s School, Bramley.

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