Syndicate Asset Management Plc (SAM.LN), an investment management company announced Tuesday the appointment of Mark Cheshire from interim to full-time Group CEO with immediate effect.

MAIN FACTS:

-In addition to his Board position, Mark Cheshire will continue in his role as Chief Executive Officer of Syndicate's wholly owned wealth management division, Ashcourt Rowan.

-Prior to joining Ashcourt Rowan in November 2009 as Chief Executive Officer, Cheshire was previously Director of U.K. Private Wealth Management at Lloyds TSB Group (December 2007-May 2009) and Chief Executive Officer/Managing Director at Lloyds TSB Private Banking (August 2003-November 2007).

-Shares at 0746 GMT up 2.25%, at 0.02 pence, in pre-market trading.

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com
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