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Rathbone chief named as Apcims chairman

Apcims has appointed a new chairman following the shock departure of Mike Jones.

Rathbone group managing director Mark Powell will replace Jones as chairman following his resignation.

Jones&#39 resignation from Apcims just two months into his tenure follows his sudden retirement from fund manager Capel Cure Sharp under mysterious circumstances. An internal investigation at CCS revealed “administrative irregularities” within the company.

Powell has sat on the Apcims board for nine years. He has been deputy chairman and chairman of the regulatory panel.

Apcims spokesman Brian Mairs says: “We are very sorry to see Mike go. We were looking forward to working with him. Mark has his finger on the regulatory pulse.”

Jones says: “I believe it is essential that the Apcims chairman be a senior executive within one of the member firms. As a result, I am passing the chairmanship to Mark Powell.”

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