Andrew Sykes joins ICG with a wealth of financial services non-executive experience. He currently also serves as Chairman of Smith & Williamson Holdings Ltd (since 2013), having served on the Board since 2004, and is a Non-Executive Director of Gulf International Bank (UK) Ltd, where he serves as Chairman of Audit & Risk Oversight Committee. He was Chairman of SVG Capital PLC until last year, having served on the Board since 2010, and as Chairman since 2012. Mr Sykes spent 26 years of his executive career at Schroders Plc.
Kevin Parry, Chairman of the Company, said:
I am delighted that Andrew Sykes has joined the Board as a Non-Executive Director. He is an experienced director of UK listed companies with deep knowledge of the financial services sector. His background as a senior executive in the asset management sector will be invaluable in helping oversee the Company’s continued growth.
ICG remains in a strong growth phase, with good momentum across the business. The company is continuing to grow assets under management and with good visibility of strong fundraising through the next 12 months. It recently increased its annual fundraising target from an average of €4.0bn to €6.0bn per annum on a three year rolling basis.