Appointment of Director
The Board of Lombard Risk Management plc (“Lombard Risk”
or the ”Company”) is delighted to announce the
appointment of Michael Thomas to the board with immediate
effect.
Mr. Thomas was CEO of STB Systems Limited, which became part
of the Lombard Risk group in August 2005. He was a co-founder
of STB Systems in 1984 and has led the company since 1985,
taking it into the regulatory reporting market in 1993 and
thereafter driving it into market leadership in the UK with
around 130 out of 350 UK banks now using STB for regulatory
reporting. Prior to establishing STB, Michael worked in the
IT units of several international banks, including Societe
Generale, Chemical Bank and Chase Manhattan, where he managed
the bank’s regional computer audit group.
This appointment follows the successful completion of the
first part of the earn-out by STB Systems announced to the
market on 22nd December 2005. Mr. Thomas will remain CEO of
STB Systems Limited. Over several years he has led STB’s
business development in Asia, and he will also now assume
board responsibility for the Lombard Risk group’s business
in Asia including the new office in Shanghai.
Mr. Thomas owns 3,811,700 shares in the Company, equivalent
to 2.92% of the issued share capital. In the event that the
STB earn-out pays out in full in mid 2006, he is eligible
to receive up to a further 23% of the maximum 5,000,000 shares
that could be issued at that time.
In accordance with the AIM rules, we
provide the following background information on Michael Thomas:
Full Name: Michael James Thomas
Age: 53
Current Directorships:
STB Systems Limited
STB Systems Inc.
STB Systems Solutions Pte Limited
STB Systems (Asia-Pacific) Limited
Lombard Risk Systems International Limited
Canada Wharf Management Company Limited
Enquires:
Lombard Risk Management plc:
John Wisbey, Chairman and CEO
Tel : +44 (0)20 7384 5000
