UK - SVG shareholders surprised by Williams departure

Williams was an essential player in SVG's endeavour to raise additional funding, with the firm eventually securing an additional £171m through the rights issue and private placing launched simultaneously in December. He is thought to have decided to leave the firm prior to the strategic review, which is due to be completed by the end of April.

Current non-executive chairman Nicholas Ferguson will become executive chairman of SVG Advisers until a replacement will be found.

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