James Woods-Collins was promoted to CEO and Paul Sheriff was named CFO and COO of Record, a specialist currency manager that provides hedging services to institutional clients, confirmed Neil Record, who has served as CEO and will continue to serve as chairman of the company.
Mr. Woods-Collins has led Record’s client team since December 2009; he joined Record in 2008 from J.P. Morgan Cazenove, where he was a managing director advising financial institutions on M&A, IPOs and related corporate finance transactions, Mr. Record said in a telephone interview.
Leslie Hill, deputy CEO, will reassume her position as head of Record’s client team, which she held before Mr. Woods-Collins, and will retain her position as deputy chief executive, Mr. Record said.
Mr. Sheriff has been interim CFO and COO since August 2009, when Peter Wakefield retired from the two posts, Mr. Record said.
“There are no new personalities coming into the business at the top; we’re just reorganizing the structure,” Mr. Record said. “I’m staying in the post as chairman. From a client perspective and from an investment consultant perspective, not a huge amount is going to be changed. We’re not losing anyone and we’re not adding anyone.”
