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Tavistock Investments appoints head of international wealth business

Horbye is being incentivised to bring in £500mln of assets by 2019

picture of handshake
Horbye has sizeable incentive to bring in business

Tavistock Investments PLC (LON:TAVI) 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.

WATCH: Tavistock Investments' Brian Raven on key new appointments

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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Price: 1.95 GBX

Market: AIM
Market Cap: £11.22 m

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