Business
Appointment of Mark Hodges as Chairman
Appointment of Mark Hodges as Chairman.
About this update from Investacc Group Limited
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \n \n \n LEI: 2549008KZ7HM27V4O637\n \n \n This announcement contains inside information\n \n \n \n \n \n \n Marwyn Acquisition Company II Limited (the \"Company\" or \"MAC II\")\n \n \n \n \n Appointment of Mark Hodges as Chairman\n \n \n \n The Company is pleased to announce the appointment of Mark Hodges as Chairman with effect from 19 June 2022.\n In connection with this appointment, the strategy of the Company has been refined such that it will now focus on pursuing Business Acquisition opportunities in the\n financial services, consumer and technology sectors.\n \n \n \n James Corsellis, Director of the Company and Managing Partner of Marwyn, commented:\n \n \"We are delighted to be working with Mark and look forward to him leading MAC II. Mark brings both exceptional experience but also a completely differentiated vision for how customers can be better served to meet their needs and those of the people who depend on them into the future, and we are immensely excited to be able to be part of that journey.\"\n \n \n \n Mark Hodges, Chairman of MAC II, commented:\n \n \"I am delighted to be joining MAC II and look forward to working with Marwyn given their excellent track record at building businesses.\"\n \n \n \n Summary Biography of Mark Hodges, Chairman\n \n \n \n Mark has over 30 years' experience across the financial services and consumer sectors, including extensive FTSE 100 PLC board experience with Centrica plc and Aviva plc. As former CEO of ReAssure, Mark led the business through the £425m acquisition of Quilter's UK Heritage business and oversaw the sale of Reassure to Phoenix Group Holdings in 2020 for £3.25bn. At the time of the sale, ReAssure had approximately £80bn of assets under administration, 4 million customers and approximately 2,500 employees.\n \n \n \n Revised sector focus\n \n \n \n In line with Mark's appointment, the Company's initial focus for investment has been refined to the financial services, consumer and technology sectors.\n \n \n The...