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New chairman at ICG

Intermediate Capital Group (ICG) has appointed John Manser as a non-executive director of the company. Manser is now deputy chairman and will take over as the chairman from Murray Stuart with effect from the AGM on May 21, 2001. Murray Stuart is retiring after seven years as chairman of ICG.

Manser retired as chairman of Robert Fleming Holdings in March 2000 on its acquisition by Chase. His career at Robert Fleming spanned 33 years, where he was managing director of both Save & Prosper Group and Jardine Fleming in Hong Kong before being appointed chief executive and subsequently chairman of the company.