PMC Treasury completes management buy-out in June 2014.
Twenty-five years after founding the company, Michael Pearce is stepping aside and a new leadership team led by myself and supported by Michael Hacon will drive the business forward as part of the next phase of growth.
Myself and Michael Hacon, both existing members of the management team at PMC since 2001 and 1995 respectively, will become CEO and COO. Michael Pearce will be a non-executive director of PMC.
Michael Pearce, founder and non-executive director, PMC Treasury said, “Exactly 25 years after starting the company it gives me both pride and pleasure to be handing the company on to the existing team. I know that under Kevin and Michael’s leadership, PMC will continue to go from strength to strength and to provide our clients with timely, independent and professional treasury services.”
This is an exciting time for PMC Treasury as we continue to work closely with our colleagues in New York, to enhance the services we offer our clients in Europe and the US and to grow our presence in Asia. Risk Management and Operational Treasury requirements span borders, so it’s important that our clients know that they can depend upon a trusted partner across these key markets. We wish Michael the very best and look forward to his counsel as a non-executive director.
For further information please contact:
Emma Hamill, Group Operations Manager
+ 44(0) 20 7759 9204