Adam Parker, a co-founder of Majedie Asset Management has been appointed to the board of Berkeley Energia PLC (LON:BKY) as a non-executive director.
Parker joins the Company after a three decade career in institutional fund management in the City of London. During that time he co-founded Majedie Asset Management, which today has assets under management of approximately £14 billion.
Parker began his career in 1987 at Mercury Asset Management, which is now part of BlackRock, and left in 2002 when he co-founded Majedie.
He was instrumental in building Majedie into the successful investment boutique that it is today. Several funds he managed outperformed their benchmarks during his tenure.
Parker retired from Majedie Asset Management in 2015 and has no ongoing input or influence in the management of its investments, including the its current ownership of approximately 5.30% of the Berkeley Energia.
"We are delighted that Mr Parker has joined our Board, bringing with him a wealth of financial and corporate experience gained over an extensive career in London financial markets,” said Berkeley chief executive Paul Atherley.
“Mr Parker's appointment reinforces the Company's commitment to create a strong independent and European-focussed Board as it brings the Salamanca mine into production."