Hem­s­ley’s han­dover

Daily Express - - CITY & BUSINESS -

NUMIS boss Oliver Hem­s­ley is step­ping down as chief ex­ec­u­tive of the UK broking firm he founded over 25 years ago as it posted record half- year rev­enues.

Hem­s­ley, 53, will hand over in the au­tumn to Alex Ham and Ross Mitchin­son as joint CEOs, but will re­main as an ex­ec­u­tive di­rec­tor. He has an 8 per cent stake in the busi­ness worth about £ 20mil­lion.

He said: “It is time for the next gen­er­a­tion. Alex and Ross have worked along­side me for a num­ber of years and I have huge confi dence in them.” Pre- tax profi t rose 35 per cent to £ 19.3mil­lion on 24 per cent higher rev­enue of £ 56.8mil­lion.

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