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Ashmore recruits ACA qualified Tom Shippey as FD

INVESTMENT MANAGEMENT business Ashmore has recruited from within and promoted its head of corporate development to finance director.

Tom Shippey will take on the role of finance director at the businesss, succeeding Graeme Dell who steps down to pursue other business opportunities. However, he will stay on until 30 April 2014 to enable an orderly handover.

Prior to joining the business Shippey worked for UBS Investment Bank and was involved in setting up the floatation of Ashmore in 2006. He then joined the business in 2007, in his current role, and was responsible for developing and implementing the company’s corporate strategy globally. He qualified with Pricewaterhouse in 1999.

Mark Coombs, CEO Ashmore, said: “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.”

Ashmore is a closed ended investment company incorporated and registered in Guernsey and listed on the London Stock Exchange. The company has a market cap of £2.7bn with a share price today of 399.10p, down 2p.

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