Ravenscroft has appointed Robin Newbould to the board of the parent company, Ravenscroft Holdings Limited, as part of changes to its senior management.
Mr Newbould (pictured), who co-founded Ravenscroft with Jon Ravenscroft in 2005, has been chief operating officer since July 2021 and will now become managing director of operations to work alongside Mark Bousfield whose new title is managing director of investments. The pair will be supported by David Chan, OBE who rejoins Ravenscroft as chief of staff.
Jon Ravenscroft, Group CEO said: “The growth of Ravenscroft in recent years means we now have more than 140 staff across five offices and six distinct investment offerings to clients. The experience, passion and knowledge of the board and senior management team has been integral to that success. The changes we have made will allow Robin, Mark and David to focus on the areas that will be essential to the continuing success of Ravenscroft for the benefit of our shareholders and our clients.
“Robin knows every part of our business through the roles he has previously held, and that knowledge, together with his analytical approach, will benefit the board, the company and, of course, our clients. David makes a welcome return to Ravenscroft having also been here in the early days. His experience, both from his time in the military and in investment management, will be invaluable in his new role, as the Ravenscroft team is our greatest asset.”
Mr Newbould, who has previously served as a non-executive director of The International Stock Exchange and is a Fellow of the Chartered Institute for Securities and Investment, moved to head up Ravenscroft’s Jersey office in 2009 before leaving to set up BullionRock, which specialised in the selling and storage of gold, silver, platinum and palladium. In 2017, BullionRock (now Ravenscroft Precious Metals Limited) was acquired by Ravenscroft and Mr Newbould rejoined the business.
Mr Newbould commented: “It’s a privilege to join the board of Ravenscroft Holdings Limited as managing director of operations and I am looking forward to being more involved in the future growth and direction of the group. Increased compliance, regulation and governance means the world in which we operate is complex, but what hasn’t changed from when we established Ravenscroft in 2005 is our commitment to our clients. They remain at the heart of what we do and while, of course, technology will play an increasing role and bring with it operational efficiencies, it will never replace the personal service we offer.”
After 25 years as a fighter pilot in the Royal Air Force, Mr Chan, who was awarded the OBE in 2006, spent nearly five years working for Ravenscroft and continued to be a consultant and non-executive chair of the investment management business thereafter. Having moved back to Guernsey from the United States earlier this year, he rejoined Ravenscroft last month.
Mr Chan explained: “It is a genuine pleasure to be back at Ravenscroft. I have already spent time in all five of our offices, getting to know the team and it is obvious how committed they are to their roles, to our clients, to their colleagues and to Ravenscroft as a whole. They are proud to work for the business and it is my job to ensure that we have the right people in the right roles, working together for the future of Ravenscroft.”