SUMU Sumus

RNS Number:2764N
Sumus plc
06 December 2006


6th December 2006

                                   Sumus Plc

                                 Board Changes



Sumus Plc (Sumus or 'the Group'), the AIM listed holding company for IFA 
businesses providing investment and financial advisory services and network 
support services to IFA firms, today announces the appointment of Paul Richard 
Bradshaw as Non Executive Chairman of the Board with immediate effect.  
In addition, he will Chair the Remuneration Committee.

Paul Bradshaw, aged 56, has run a number of financial services businesses 
including Skandia Life, Scottish Amicable International and latterly Abbey's 
insurance and asset management operations.  He is Chairman of Nucleus Financial 
Group and Non Executive Director of Merchant Investors Assurance.  He takes over 
from Michael Innes who is stepping down to enable him to dedicate more time to 
his other commercial and charitable activities.  It is also announced that 
Iain Black is stepping down as a Non Executive Director from the Sumus Board, 
but will continue to remain closely involved within Falcon Group Plc.

Commenting on the appointment, Allan Rosengren, Group Chief Executive of Sumus 
Plc, said "Paul knows the sector extremely well and has first hand experience of 
growing large financial services businesses.  He will be able to draw on his 
very substantial knowledge and contact base to support the growth and expansion 
of the Group and to assist us in driving forward the opportunities that lie 
ahead.  We warmly welcome Paul's valued strategic input to the continued 
evolution of the Group.

I would in particular like to thank Mike Innes who has provided tremendous 
support to the Board through the listing of Sumus on AIM, the consideration of 
a number of potential transactions and our making the strategically important 
FSAS acquisition.  We thank him for all that he has helped us to achieve in the 
last few years and wish him every continued success for the future.  Iain Black 
has also provided excellent counsel and support and we thank him for his 
contribution."

Andrew Snowball's appointment to the board of Sumus Plc as a Non Executive 
Director was announced on 25th October 2006, in conjunction with the acquisition 
of FSAS.  Andrew's appointment will make a significant contribution to the 
implementation of the Group's strategy and, in addition, he will Chair the 
Audit Committee.

Paul said; "I have known and admired Allan and his team since the early days of 
Falcon, some 20 years ago.  They have consistently maintained high standards at 
every level of the business and the focus on profitability has been especially 
admirable.  I look forward to helping guide the business through its next stage 
of growth and development."

Paul Bradshaw is interested in 50,000 shares in Sumus Plc.

For the purposes of the disclosures required under the AIM Rules, Paul Bradshaw
is currently a director of the following companies:-


Merchant Investors Assurance Company Limited

Nucleus Financial Group Ltd

Nucleus Financial Services Ltd

Nucleus IFA Services Ltd

Paul Bradshaw Consulting


Within the last 5 years, he has also been a director of the following companies:
-


Abbey National Life plc

Abbey National PEP & ISA Managers Ltd

Abbey National Funded Unapproved Retirement Benefits Scheme Trustees

Abbey National Group Pension Schemes Trustees Ltd


GE Pensions Ltd

GE Life Fund Management Ltd

GE Life Ltd


Marks & Spencer Financial Services plc

Marks & Spencer Retail Financial Services Holdings Ltd

Marks & Spencer Savings & Investments Ltd

Marks & Spencer Unit Trust Management Ltd

Marks & Spencer Life Assurance Ltd


Scottish Mutual Assurance plc

Scottish Mutual Pensions Ltd

Scottish Provident Ltd

Scottish Mutual PEP & ISA Managers Ltd


Inscape Investments Ltd

Openforum Financial Services Ltd

Teeover Limited

The Independent Platform Ltd


There is no further information to be disclosed under paragraph (g) of Schedule
Two of the AIM Rules in relation to the appointment of Paul Bradshaw.

                                     -ends-


Contact


Allan Rosengren                             0117 9330777
CEO - Sumus Plc                             07973 511941


Paul Bradshaw                               07931 511936
Chairman - Sumus Plc


Tom Cooper / Paul Vann                      0117 9200092
Winningtons Financial


Note to Editors

Sumus, admitted to AIM in February 2005, is the group holding company of Falcon
Group Plc, a long established and consistently profitable IFA group, also of
Financial Synergies Plc which was established in August 2004 and Financial
Services Advisory and Support Limited which was acquired in September 2006.
Allan Rosengren and Julian Telling, respectively Group Chief Executive and Group
Operations Director of Sumus, founded Falcon in 1983.

Sumus is a consolidator in the IFA sector, both by way of the organic expansion
of its operating businesses and through carefully selected investments in IFA
firms, which then become authorised through either Falcon Group or FSAS. Sumus
provides strategic direction, working capital, compliance and risk management
resources to its operating businesses.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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