AFH Financial Group Plc

February 11, 2014 02:00 ET

Board Changes

                                                                                            11 February 2014

                                           AFH Financial Group PLC
                                          ("AFH" or the "Company")
                                                Board Changes
AFH Financial Group PLC is pleased to announce the appointment of Paul Wright as Chief Financial Officer  of
the Company and Sue Lewis as a Non-executive Director of the Company.

Paul  qualified  as  a Chartered Accountant with KPMG in London, before moving into the wholesale  Financial
Services  sector with Exco International PLC, where he spent 10 years working in London and Asia Pacific  as
the  business experienced significant growth, driven by an acquisition strategy. Since 1995, Paul  has  been
Group  CFO  of  a  number  of  UK listed companies, including several technology companies  serving  the  UK
Financial  markets.  Most  recently,  Paul  was instrumental  in  securing  the  MBO  of  Workplace  Systems
International, an AIM listed company.

Sue,  a  senior Partner at leading international law firm, Eversheds, is an experienced commercial solicitor
with  an  extensive track record of delivering complex, high value merger and acquisition  transactions,  as
well as advising at board level on legal and strategic issues.

In  addition  to  the  appointment of Paul and Sue to the Board, Toby Denne, who has  been  a  Non-executive
Director  of  AFH  since  its flotation in 2011, has become an Executive Director and  the  Company's  Chief
Investment Officer (CIO), responsible for the investment management activities at AFH.

John  Wheatley, who has been the Company's Finance Director since its IPO, has become Non-executive Chairman
of the Company following Paul's appointment.

Commenting on these appointments, Alan Hudson, Chief Executive of AFH, said:

"We are delighted to announce these changes to the Board and believe they will have a positive impact on the
Company's progression. Paul and Sue join AFH with demonstrable track records in their respective fields  and
I very much look forward to working alongside them as AFH continues to take advantage of a post-RDR world.

"Congratulations to Toby, already an established member of the AFH team, on his new role  as  CIO.  We  look
forward to his contribution moving forward. I would also like to take the opportunity to thank John for  his
support as Finance Director since our listing; I am pleased that he will still be involved with our business
as Chairman."

       The Directors of AFH Financial Group PLC are responsible for the contents of this announcement.


AFH Financial Group PLC                                                                01527 577 775
Alan Hudson, Chief Executive

Peterhouse Corporate Finance Limited                                                   020 7469 0930
Mark Anwyl or Duncan Vasey

Yellow Jersey PR Limited                                                               07799 003 220
Kelsey Traynor or Dominic Barretto

Additional Information
Save  as  disclosed  below,  no additional information relating to Paul Wright or  Sue  Lewis  falls  to  be
disclosed pursuant to Rule 70 and paragraph 21 of Appendix 1 of the ISDX Growth Market - Rules for Issuers.

Paul Wright
Current Directorships and Partnerships                 Past Directorships and Partnerships
Oxford United Football Club (FC) Limited               Care Interactive Software Limited
                                                       Insight International Limited
                                                       Insight Logistics Limited
                                                       London Rugby League Limited
                                                       Labor Solutions International Inc.
                                                       LSI Consulting Limited
                                                       Shoo 535 Limited
                                                       The London Broncos Rugby League Foundation
                                                       WASP Management Software Limited
                                                       Workplace Group Limited
                                                       Workplace (payroll and personnel) Limited
                                                       Workplace Software Limited
                                                       Workplace Systems (Australia) Pty Ltd
                                                       Workplace Systems Inc.
                                                       Workplace Systems International PLC
Mr. Wright was a director of Inhado 4101 Limited (formally known as Inhado 4101 Plc and Sports Café Holdings
Plc) which was put into administration in January 2008.

Sue Lewis
Current Directorships and Partnerships                 Past Directorships and Partnerships
Eversheds LLP                                          Business  Professional  Services  Birmingham  Limited
                                                       (Birmingham Forward)

Contact Information

  • AFH Financial Group Plc