Honeycomb adds insurance heavy weight to its board

By Daniel Lanyon on 18th June 2019

Alternative Credit

The investment trust, managed by Pollen Street Capital, has been the best performer in its peer group over recent years.

Honeycomb adds insurance heavy weight to its board

The £445m Honeycomb investment trust has appointed Richard Rowney as an independent non-executive director with effect from 1 July 2019.

Rowney is currently chief executive officer of insurance giant LV= and previously spent 14 years at Barclays Bank holding a number of senior positions across corporate and retail banking and is currently a Board member of the Association of British Insurers.

Robert Sharpe, chairman of Honeycomb said: "I am delighted we have been successful in attracting a person of the calibre and experience of Richard to the Board.  I very much look forward to working with him to chart the continued success of the business".

The fund has announced a new share placing programme at the start of the year which could see it raise up to £400m over the next year.

 

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