Directorate Change

Released : 26/11/2013 07:00:09

RNS Number : 9219T
Ashmore Group PLC
26 November 2013

Ashmore Group plc

+0700 26 November, 2013

Directorate change


The Board of Ashmore Group plc ("Ashmore" or "the Group") announces that Graeme Dell has stepped down from the Ashmore Group plc Board of Directors (the "Board"), effective 25th November, in order to be able to pursue other business opportunities. Graeme will remain employed by the Group until 30 April 2014 to enable a thorough and orderly handover of his responsibilities. Tom Shippey ACA, currently Ashmore's Head of Corporate Development, has been appointed Group Finance Director and has joined the Board to succeed Graeme. The necessary regulatory approvals are being sought in relation to these changes.


Mark Coombs, Chief Executive Officer, commented "I would like to thank Graeme for the significant contribution he has made to Ashmore's development over the past six years and wish him the very best in his future endeavours."


Graeme Dell commented "I have very much enjoyed my six years at Ashmore during which time the Group's activities have expanded greatly.  I wish Ashmore's clients, shareholders and employees every continued success."


Notes to editors

Tom Shippey joined Ashmore as Head of Corporate Development, in which capacity he has been responsible for developing and implementing Ashmore's corporate strategy globally. Prior to joining Ashmore in 2007, he worked for UBS Investment Bank, including advising on the Ashmore IPO in 2006. Tom qualified as a chartered accountant with PricewaterhouseCoopers in 1999.


For further information please contact:


Ashmore Group plc

Paul Measday      +44 (0)203 077 6278


FTI Consulting

Andrew Walton     +44(0)203 7629 7204

Paul Marriott         +44(0)203 7629 7252


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