FRP appoints Penny Judd as Non-Executive Chair

Tuesday January 16, 2024

Nigel Guy to retire following 13 years in the role

We are pleased to announce the appointment of Penny Judd as Non-Executive Chair. She will replace Nigel Guy who, after 13 years with the firm, will retire from his role as Non-Executive Chairman on 2 January 2024.

Nigel joined FRP as Chairman shortly after the management buyout completed in 2010 and became Chair of FRP Advisory Group plc following the IPO in March 2020.

Nigel Guy, Retiring Chairman of FRP, said: “I am hugely proud of what we have achieved at FRP over the last 13 years and appreciate the support and counsel of many of our colleagues over that time. The Group has grown to become a market leading advisory firm and has a strong base to continue its development which I will follow with interest.”

Penny has more than 35 years’ experience in compliance, regulation, corporate finance and audit. She is currently a Non-Executive Director of a number of AIM quoted companies, including LendInvest plc, Alpha Financial Markets Consulting plc, TruFin plc and Team17 Group plc. Between 2016 and 2021, Penny was Non-Executive Chair at Plus500 Ltd, a FTSE 250 retail CFD provider, where she managed the company through a period of extreme regulatory change and a move from AIM to a premium listing on the Main Market.

Before taking on non-executive positions, she was Managing Director and EMEA Head of Compliance at Nomura International plc until 2016, a position she held for three years. Prior to this, Penny worked at UBS Investment Bank for nine years and held the position of Managing Director, EMEA Head of Compliance. She also acted as Head of Equity Markets at the London Stock Exchange, worked in Corporate Finance at Cazenove and is a qualified Chartered Accountant.

Penny Judd, Chair of FRP, added: “FRP is a fantastic business, with a proven growth strategy built on the strength of its reputation, management and people. I am honoured to be taking over as Chair and look forward to working with the Board and other FRP colleagues to build on the company’s success.”

Geoff Rowley, Chief Executive Officer of FRP, said: “Since Nigel became Chairman in 2010, FRP has grown from a small partnership into one of the UK’s largest national independent advisory firms with 670 colleagues, 28 offices and revenue of over £100 million. On behalf of the Board and everyone at FRP, I would like to thank Nigel for his contribution over the years and we wish him a long and healthy retirement.

“Following a thorough recruitment process we look forward to welcoming Penny to Chair our Board. Penny has extensive public company board experience and a deep knowledge of the capital markets that will be invaluable to FRP as we continue to grow.”

Penny has extensive public company board experience and a deep knowledge of the capital markets that will be invaluable to FRP as we continue to grow. Geoff Rowley Chief Operating Officer

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