Non-executive advisors appointed to Knight Frank’s Financial
Services Board
Date: 1 May 2007 |
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London, UK – Knight Frank LLP (“Knight Frank”), the leading independent property consultancy, has appointed two non-executive advisors to its Financial Services Board (“FSB”) in response to the growth of its regulated
financial services business.
Sharon Pipe, founding partner and managing director, TH Lee Putnam Ventures LLP, a global private equity firm, and Stephen Purse, finance director, Clifford Chance LLP, the international law firm, have been appointed
with effect from 1 May 2007. They join executives from Knight Frank’s Commercial, Residential, and Financial Services divisions (see Notes to Editors).
Knight Frank’s Financial Services Board has been created to monitor and regulate its financial services activity, with responsibility for coordinating and controlling the roll out of Knight Frank’s worldwide financial services
initiatives. These include: property fund creation; selling and management; equity raising; banking and debt advisory; institutional property fund management; and corporate finance advisory.
Nick Thomlinson, senior partner, Knight Frank said: “Financial Services is a key growth area for the business. We want to ensure that our financial services offerings remain focused, are supported by the Company’s
established centre of excellence in London, and are adequately resourced to maintain consistent standards and meet the very strict demands of regulators in the UK and abroad. The FSB will ensure that anyone
contemplating undertaking any regulated financial services activities, including any particular property fund creation, are provided with the appropriate technical and expert support. We welcome Stephen and Sharon to
the Board and look forward to receiving their expert counsel.”
The creation of the FSB has enabled the Company to provide a full range of regulated financial services, adding to the strengths of its already established Corporate Finance and Investment Management businesses, and
Rutley Capital Partners LLP, the real estate private equity business of Knight Frank.
For further information, please contact:
Nick Thomlinson, senior partner, Knight Frank, +44 (0)20 7861 1001
John Diggins, group finance partner, Knight Frank, +44 (0)20 7861 1006
Olivia Gallimore, commercial pr manager, Knight Frank, +44 (0)20 7861 1035
Notes to Editors
1. Knight Frank’s Financial Services Board Members are:
− John Diggins, Chairman Financial Services Board, Group Finance Partner
− Robert Hannington, Head of Commercial Division Financial Services
− Rick Abbott, Partner, Rutley Capital Partners
− Nick Burnell, Partner, Rutley Capital Partners
− Alistair Elliott, Head of Commercial Division
− Ian Marris, Partner, Residential Development
− Sharon Pipe, Non-executive advisor
− Stephen Purse, Non-executive advisor
Sharon Pipe is a senior private equity professional with global experience of growth and control investing. She is a founding General Partner of a successful $1.1billion private equity fund invested in financial and
business services companies and has built world class private equity businesses in Latin America, Asia and Europe for GE Capital. Sharon has also previously worked for Bank of America NT&SA, and Lazard
Brothers & Co Ltd.
Stephen Purse is a chartered accountant who qualified at KPMG, where he was a partner from 1987 to 1998. Subsequently he joined Westminster Healthcare, a listed care home operator, as Finance Director. In 2000, after Westminster Healthcare had been taken private and refinanced through a securitisation, he joined Management Consulting Group PLC and became Finance Director. Stephen joined Clifford Chance LLP, the leading international law firm, in March 2005 as Finance Director.
2. Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner Newmark Knight Frank operate from over 165 offices, in 36
countries, in six continents. For further information about the Company, please visit www.knightfrank.com.
3. Knight Frank Corporate Finance Limited is an FSA regulated, 100% owned subsidiary of Knight Frank LLP that undertakes the regulated investment business within the Knight Frank Group.
4. Rutley Capital Partners LLP, the real estate private equity business of Knight Frank LLP, was established in 2005. RCP has launched funds which include Rutley European Property Limited, which is listed on the
Official List of the London Stock Exchange, a Continental core-plus commercial real estate fund with a primary geographical focus on Central Europe, and Rutley Russia Property Fund, a new investment fund for
Russian commercial property.
5. For further information about the Company, please visit www.knightfrank.com