City of London Group (COLG) announces that Chris Rumsey, Managing Director of Milton Homes, a subsidiary of COLG, intends to retire from his position in May 2019. He is expected to step down from the board of COLG at the upcoming AGM on 13 September 2018.
The Board will undertake a search for his successor and ensure an effective handover.
Chris Rumsey, Managing Director of Milton Homes, commented: “Having applied my professional life to investment in the retirement market, I have been well placed to decide that this is the right time to plan for my own retirement. As one of the founders of the Milton Homes group I look forward to remaining in my position until next summer to ensure a full handover is completed with no disruption to the business. I have hugely enjoyed my time helping to enlarge the COLG organisation and I wish everyone the best in the future.”
Michael Goldstein, Chief Executive Officer, commented: “I am very grateful for the hard work and excellent professionalism that Chris has consistently shown over a number of years. Chris spearheaded a great deal of success during his time at Milton Homes, proving a key asset in helping advance the company’s market appraisal. We are managing his succession over the next few months and will continue to work closely with him to ensure that the transition is smooth.”
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Notes to Editors
City of London Group is a forward-thinking organisation focused on serving the UK SME market. While grounded with traditional values, through the strength and depth of expertise in its expanding team, it is now primed for future growth through its three-pronged strategy.
The Group’s expertise covers equity release, finance for the SME sector, and secured lending. The Group has experience with commercial banking and mortgages, and access to funding arrangements such as commercial, SME, bridging and development finance, home reversion plans, and asset and loan finance.
COLG ensures its services are always delivered with a personal touch, so clients know that they are more than a customer and have a partner that will work with them as they look towards the future.