PLC () has appointed Peter Horbye to head up international operations for Tavistock Wealth, its investment management business.
Horbye, who was chief executive of Heritage Capital, a part of Swiss group Banque Heritage, between 2007 and 2011 has been granted options over 3mln shares at 2.8p per share.
Vesting requires him to introduce £500mln of assets into the group's investment management operations before 18 April 2019.
Horbye is also subscribing for 3.57mln shares at 2.8p per share. This will almost double his existing holding to 1.29%.
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