New chairman for GlobalCapital plc
Nicholas Ashford-Hodges has been appointed chairman of the Global Capital Group. Mr Hodges brings a wealth of experience in international finance to GlobalCapital and will undoubtedly contribute positively to the Group's plans of entering into...
Nicholas Ashford-Hodges has been appointed chairman of the Global Capital Group.
Mr Hodges brings a wealth of experience in international finance to GlobalCapital and will undoubtedly contribute positively to the Group's plans of entering into banking, a spokesman said. Mr Hodges has served as director of GlobalCapital plc since 2003.
Currently, Mr Hodges is vice chairman of British American Investment Co. (Mtius) Ltd and chairman of its operations in Kenya, British American Investment Company Ltd and its subsidiaries, with a key stake in Kenya's fastest growing and highest capitalised bank, Equity Bank. He also holds directorships in British American Insurance Co. (Mtius) Ltd and several other key operating companies of the British American Group.
A Fellow of the Institute of Chartered Accountants in England & Wales (FCA) and the holder of a Masters degree in engineering science from Wadham College, Oxford (MA), Mr Hodges assumes the chairmanship of GlobalCapital plc from Christopher J. Pace, founder and director. Mr Pace remains on the board as a non-executive director.
Mr Hodges noted that throughout 2007, despite a downturn in the stock markets, the Group was highly active in consolidating its market position and undertaking preparations to embark on further activities.
Commenting on his future plans, Mr Pace said "The Group's banking ambitions demand a clear and distinct direction and energy. After taking GlobalCapital to uncharted heights, I feel this is the most suitable time to step down as chairman. After taking a short break, I intend focusing on local and international property investments and will serve as director on the Group's main board. The Group's property investments have performed very well in the past and have huge potential to return excellent value to shareholders in the future and this revenue stream needs further consolidation".
The Group's chief executive officer, Niki Portelli, explained that the appointment of Mr Hodges as chairman ensures continuity in the Group's growth plans. "In essence, the Group's activity is based on two main revenue pillars - a wide array of financial services, including insurance, and a second pillar based on property investments. Over his 15 years of involvement in British American Group and prior to that, Mr Hodges has gained extensive experience in a number of business sectors and therefore, as chairman, his direction will undoubtedly contribute to achieving the Group's strategic objectives".
Mr Hodges brings a wealth of experience in international finance to GlobalCapital and will undoubtedly contribute positively to the Group's plans of entering into banking, a spokesman said. Mr Hodges has served as director of GlobalCapital plc since 2003.
Currently, Mr Hodges is vice chairman of British American Investment Co. (Mtius) Ltd and chairman of its operations in Kenya, British American Investment Company Ltd and its subsidiaries, with a key stake in Kenya's fastest growing and highest capitalised bank, Equity Bank. He also holds directorships in British American Insurance Co. (Mtius) Ltd and several other key operating companies of the British American Group.
A Fellow of the Institute of Chartered Accountants in England & Wales (FCA) and the holder of a Masters degree in engineering science from Wadham College, Oxford (MA), Mr Hodges assumes the chairmanship of GlobalCapital plc from Christopher J. Pace, founder and director. Mr Pace remains on the board as a non-executive director.
Mr Hodges noted that throughout 2007, despite a downturn in the stock markets, the Group was highly active in consolidating its market position and undertaking preparations to embark on further activities.
Commenting on his future plans, Mr Pace said "The Group's banking ambitions demand a clear and distinct direction and energy. After taking GlobalCapital to uncharted heights, I feel this is the most suitable time to step down as chairman. After taking a short break, I intend focusing on local and international property investments and will serve as director on the Group's main board. The Group's property investments have performed very well in the past and have huge potential to return excellent value to shareholders in the future and this revenue stream needs further consolidation".
The Group's chief executive officer, Niki Portelli, explained that the appointment of Mr Hodges as chairman ensures continuity in the Group's growth plans. "In essence, the Group's activity is based on two main revenue pillars - a wide array of financial services, including insurance, and a second pillar based on property investments. Over his 15 years of involvement in British American Group and prior to that, Mr Hodges has gained extensive experience in a number of business sectors and therefore, as chairman, his direction will undoubtedly contribute to achieving the Group's strategic objectives".