Isle of Man News - POSTED Wed 01-03-2017

Isle of Man-based director joins Exchange board

by LC

Isle of Man-based director joins Exchange board

Isle of Man-based Anderson Whamond has today joined the board of directors of The Channel Islands Securities Exchange Limited (CISE).

At the same time, it has been announced that Stephen Lansdown will step down from the board with effect from the Annual General Meeting in June to focus on his other significant business interests.

The announcements come after an Extraordinary General Meeting of the CISE where shareholders approved changing the company name to The International Stock Exchange Group Limited (TISEG).

This is part of a wider rebrand of the Exchange to The International Stock Exchange (TISE) with effect from 6 March and which precedes the launch of an office in the Isle of Man on 9 March.

Jon Moulton, Chairman of the CISE, said: “I am pleased to welcome Anderson to the board. He has worked for several different international institutions within the capital markets sector and, as such, he brings with him experience that will be invaluable as we expand the footprint of the business, including through our office in the Isle of Man.”

Mr Whamond has over 30 years’ experience in the banking and financial sector.

He began his career in 1983 with part of what was the Credit Suisse First Boston group before joining Salomon Brothers International in London in 1986 and then Morgan Stanley International in 1989 where he was a principal in charge of convertible bond trading. He joined Peregrine Securities International (UK) Limited in 1993, relocating from London to Hong Kong in 1996 to run the equity trading businesses of Peregrine Investment Holdings Limited and becoming a director of the executive committee of the Peregrine group in 1997.

In 1998, Mr Whamond joined the Regent Pacific Group, a Hong Kong listed international emerging markets investments group as head of corporate investments and relocated to the Isle of Man. Mr Whamond joined the Charlemagne Group in 2002 and was a director of AIM quoted Charlemagne Capital Limited until March 2009. He remains a non-executive director of Charlemagne Capital (IOM) Limited and is also a director of a number of listed and non-listed investment companies.

Mr Whamond said: “I am delighted to be joining the CISE board of directors at such an exciting time in the life of the company. Jon and the rest of the team have done a fantastic job in the last few years and I am really looking forward to working closely with them in developing the business in a variety of aspects, especially the presence in the Isle of Man.”

Mr Lansdown is co-founder and former Chairman of Hargreaves Lansdown PLC. He is a founding non-executive director and Deputy Chairman of the CISE.

Mr Lansdown said: “I am proud to have been a part in the development of the business as we have passed a number of milestones in the last few years. As an active shareholder, I will continue to take a keen interest in the business but now I can step away safe in the knowledge that the company is in very capable hands and ready for the next exciting phase of its development.”

Mr Moulton added: “Steve has been instrumental the success of the Exchange and I would like to pay tribute to his significant assistance as Deputy Chairman in guiding the CISE through its formative years and into a new era. We will miss him.”

Photo - Anderson Whamond.

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