Sarah Ing Joins City Of London Investment Group's Board

Republished By Plato

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The Non-Executive Director at CMC Markets and Marex
Sarah Ing has been appointed the Non-Executive Director of City of London
Investment Group PLC. Ing has served as a Non-Executive Director at CMC Markets
since September 2017. She brings over 30 years of experience in
accountancy, investment banking, and fund management to her new role.

Rian Dartnell, the Chair of the City of London
Investment Group, mentioned: “On behalf of the Board, I would like to
welcome Sarah Ing. Sarah’s extensive experience in asset management and her
record of delivering significant results across a range of businesses will add
an important dimension to the Board.”

Throughout her career, Ing has held key
positions in reputable organizations such as HSBC and UBS. Notably, she founded
and led a hedge fund investment management business.

Currently, Ing is also the Non-Executive Director at XPS
Pensions Group, where she chairs the Audit, Risk, and Sustainability Committee.
Effective March 1, 2024, she will assume her new role. According to a statement by the City of London
Investments Group, she is expected to drive strategic initiatives and foster
growth in the organization.

City of London Investment Group PLC released its
financial report for the half-year today (Friday), highlighting growth in Funds
under Management (FuM) and profitability. With FuM reaching $9.6 billion by
December 31, 2023, the company has maintained its interim dividend.

City of London Investment Group’s Financial Results

According to the press release, the City of London
Investment Group reported a boost in FuM to $9.6 billion by December 31, 2023,
compared to $9.4 billion at the beginning of the financial year and $9.2
billion by December 31, 2022.

The company’s net fee income, representing
management fees on FuM, stood at $32.6 million by December 31, 2023, up from
$31.9 million recorded in the same period last year. However, underlying profit
before tax experienced a decline to $13.3 million, compared to $13.6 million
reported in December 2022.

City of London Investment Group has declared an
interim dividend of 11p per share. Shareholders on the register by March 1,
2024, will receive the dividend on March 28, 2024, the firm mentioned.

Throughout her career, Ing has held key
positions in reputable organizations such as HSBC and UBS. Notably, she founded
and led a hedge fund investment management business.

City of London Investment Group’s Financial Results

City of London Investment Group has declared an
interim dividend of 11p per share. Shareholders on the register by March 1,
2024, will receive the dividend on March 28, 2024, the firm mentioned.