AIM 26 Compliance
The Group is a financial services support provider, capitalising on the investment management industry’s shift to investing in Alternatives and the outsourcing of non-core services. As a vertically integrated industry specialist, the Group seeks to be a leading services and infrastructure provider for Alternatives fund managers and asset owners, servicing clients at key stages of their development.
The Group’s business was founded in 2010 by Matthew Hudson, originally as a specialist legal firm providing advice to asset managers. As the Alternatives sector expanded and the regulatory environment faced by its clients became increasingly complex, the Group diversified its business to offer a broad range of specialist asset management consultancy services to fund managers and investors. These services assist clients with their legal, regulatory, reporting, investment consulting, investor relations and other administrative requirements both in terms of the set-up and continued operation of fund management activities. The Group also provides benchmarking and data and analytics services, including ESG. By facilitating the outsourcing of non-core services, in whole or in part, the Group enables fund managers and investors to operate more efficiently and reduce their increasing regulatory and administrative burden.
The Group operates in the global asset management market and is focused on the Alternative investments subsector within that market, which includes private equity, real estate funds, hedge funds, infrastructure funds and private credit. The global Alternatives market is expected to grow to USD 21.1 trillion by 2025, an increase of 109% on 2016. As this sector grows, so does the infrastructure required to support it, enabling increasing opportunity for a multi-service provider such as the Group. Core to the Group’s growth strategy is capitalising on trends within this growing industry, primarily the increasing levels of regulation driven by pressure on regulators to ensure greater transparency is provided to customers. This trend creates an opportunity for providers of specialist expertise across the domains of legal services, fund management operational support, regulatory compliance solutions, administration services, investment consulting and benchmarking, all of which are provided by the Group.
The Group seeks to scale the business through four key routes; organic growth, acquisitions, investing activities and franchise opportunities.
The Group has approximately 200 staff and over 1000 clients, of which more than 700 of such clients are institutional investors. The assets managed and advised by the Group’s clients exceed USD 1 trillion. Since inception, the Group has grown underlying revenue organically, through acquisition and through launching its own start-up businesses, from GBP 11.2 million in FY 2017 to GBP 20.3 million in FY 2020. The Group is headquartered in Jersey and has operations in Jersey, the UK, Guernsey, Luxembourg, the Netherlands, Switzerland, Italy, the US and Canada.
Please see a list of board observers and their roles below.
- Guy Grayson
Group General Counsel
Guy is responsible for setting MJ Hudson’s legal strategy and for selection of its legal advisors. He is also involved in the management of regulatory compliance and risk control.
- Trevor Goodman
Managing Director- Operations
Chair of the Legal, Risk and Compliance Committee
- Charlene Cowen
Director | People and Wellbeing
Charlene heads up the group’s people and wellbeing function.
Audit and Risk Committee
The Committee’s Terms of Reference can be accessed here.
The Audit and Risk Committee shall have at least two members and each such member shall be an independent non-executive director. Where possible, the Audit & Risk Committee will include at least one member of the Remuneration Committee. The initial members of the Audit and Risk Committee following Admission will be Andreas Tautscher, as chairman, and Geoffrey Miller. At least one member of the Audit and Risk Committee should have recent and relevant financial experience. Appointments to the Audit and Risk Committee shall be made by the Board. The Audit 34 and Risk Committee shall meet at least four times each year and any other time as required. In addition, the Audit and Risk Committee shall meet regularly with the external auditors of the Company, typically once at the planning stage before the audit and once after the audit at the reporting stage. At one or more of these meetings, the Audit and Risk Committee shall have time to meet the external auditor without management being present. The Audit and Risk Committee also has responsibility for ensuring that the Company has in place the procedures, resources and controls to enable compliance with, inter alia, the AIM Rules for Companies and the QCA Code
The Members of the Committee are:
- Andreas Tautscher (Chair)
- Geoffrey Miller
- Charles Spicer
The Committee’s Terms of Reference can be accessed here.
The Remuneration Committee shall have at least two members who shall each be independent non-executive directors. The initial members of the Remuneration Committee will be Geoff Miller, as chairman, and Andreas Tautscher. The members of the Remuneration Committee shall be appointed by the Board. The Remuneration Committee shall meet at least two times each year. The Remuneration Committee shall, among other matters: a) determine and agree with the board the framework or broad policy for the remuneration of the Company’s chairperson and the executive directors including pension rights and compensation payments. The remuneration of non-executive directors shall be a matter for the board. No director or senior manager shall be involved in any decisions as to their own remuneration; b) review the ongoing appropriateness and relevance of the remuneration policy; c) review for approval by the board the design of, and determine targets for, any performance related pay schemes operated by the Company and approve the total annual payments made under such schemes; and d) review the design of all share Incentive Plans for approval by the board and shareholders.
The members of the Committee are:
- Geoffrey Miller (Chairman)
- Andreas Tautscher
The Company was incorporated and registered in Jersey under the Companies (Jersey) Law 1991 (as amended) with Company number 129535.
The company law rights of shareholders are governed by Jersey Law. The rights of shareholders may, in some respects, be different from the rights of shareholders in a UK incorporated company.
The Company’s main country of operation is the United Kingdom. The Group also has operations in Canada, Guernsey, Ireland, Jersey, Luxembourg, Netherlands, and USA.
Nominated Advisor and Joint Broker: Cenkos Securities plc, 6.7.8. Tokenhouse Yard, London, EC2R 7AS
Registrars: Link Group, 10th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL
Auditors: Ernst & Young LLP, Royal Chambers, St Julian’s Avenue, St Peter Port, Guernsey, GY1 4AF
Legal Adviser: Walker Morris LLP. 33, Wellington Street, Leeds LS1 4DL
Receiving Agent: Link Market Services Limited, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU
Click below to view corporate governance information.
MJ Hudson is subject to the UK City Code on Takeovers and Mergers.
Click below to view articles of association.
Issued Share Capital: The total number of MJH ordinary shares in issue is 172,627,765
Shares held in Treasury: 0
The company has been notified of the following interest in 3% or more of the issued ordinary share capital of the Company.
|Shareholder||Number of share||% of issued share capital|
|Canaccord Genuity Group||17,760,075||10.29%|
|AXA Investment Managers||10,900,000||6.31%|
|Polygon Group Limited||6,935,598||4.02%|
The Company’s shares are quoted and traded on the AIM market of the London Stock Exchange. The Company is not listed on any other exchanges or trading platforms.
There are no restrictions on the transfer of the Company’s AIM securities.
No circulars have been issued to shareholders.
Click below to view out TR1 Notification Forum.