Law Debenture Corporation has announced that its Group Managing Director, Caroline Banszky (pictured) has, after thirteen years as the Group’s MD, given notice of her intention to retire from her role by 31 October 2016. She will also step down as a director of the Corporation at that time. The Nominations Committee of the board will now conduct a process to identify Caroline’s replacement and a further announcement will follow in due course.
The company’s board say that, “Under her stewardship, the independent fiduciary services businesses – which are an integral part of Law Debenture’s unique offering – have diversified and grown profitably. The businesses have delivered significant income for the investment trust, which has enabled the board to maintain or increase the dividend every year that Caroline has been Managing Director, even during periods when markets have suffered major downturns. She has worked tirelessly on behalf of shareholders to ensure that Law Debenture has maintained its reputation for innovation, independence and reliability”.
Law Debenture’s Caroline Banszky to retire within a year : LWDB