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LCP brings in former FTSE chairman as property fund director

Richard Crowder has experience in growing securities, banking, investment and advisory May 6, 2016: As part of its continued commitment to the highest levels of regulatory oversight, leading Central London property fund and asset management specialist, London Central Portfolio (LCP), is delighted to announce the appointment of Richard Crowder, an experienced FTSE 250 Chairman, as a non-executive director of its quoted residential funds. With extensive experience...

Richard Crowder has experience in growing securities, banking, investment and advisory

May 6, 2016: As part of its continued commitment to the highest levels of regulatory oversight, leading Central London property fund and asset management specialist, London Central Portfolio (LCP), is delighted to announce the appointment of Richard Crowder, an experienced FTSE 250 Chairman, as a non-executive director of its quoted residential funds.
With extensive experience in structuring businesses, growing securities, banking, investment and advisory, Crowder will support the funds’ executive leadership team, providing a valuable independent overview and expertise from a wide range of investment styles and portfolios.

Crowder has had a prestigious career. Formally a Director of J Henry Schroder Wagg & Co Ltd, MD of Schroders’ Singapore business, Director of Smith Newcourt Plc and founding Managing Director of Schroders’ Channel Islands subsidiary, he subsequently has held Directorships of various quoted and unquoted companies, including London & Stamford Property Plc.  Crowder is well-suited to the role, offering a depth of experience handling important global relationships.

Crowder is a key appointment for LCP, who will be listing the shares for its latest multi-million pound property fund later this month. As the only company to have launched multiple residential funds targeting Central London’s private rented sector, alongside their long established private client business, LCP have led the way in UK residential investment solutions.

The new appointment adds to an already strong board of directors for LCP’s funds’ and follows the recent appointment of Rick Denton, former Chief Executive of Triangle Holdings, to LCP’s holding company LCP Corp.

Naomi Heaton, CEO of LCP, said: “We are delighted to welcome Richard to our funds’ board of directors. He is a high-calibre appointment with extremely relevant experience in global investment and diversified asset classes. As pioneers of residential property funds in the UK, LCP has positioned itself at the forefront of the private rented sector. Our funds have gone from strength to strength, continuing to post outstanding results, and Richard will further reinforce the quality of our offering. As we continue to explore innovative and institutional products for both UK and international investors, Richard has the depth of experience and global client network to assist in the next stage of our funds’ development.”

Richard Crowder, non-executive director of LCP’s property funds said: “Having held non-executive directorships for multiple companies and global family offices, I regularly look for companies with specialist knowledge and diversification opportunities. Naomi and her team at LCP has stood out, providing a financially sophisticated real estate advisory solution for UHNWs looking to invest in London’s Private Rented Sector. I believe the funds provide a solid platform to shape the future of this sector and am delighted to be joining the funds’ boards to support LCP during this next exciting period of its expansion.”

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