Specialist Energy Group appoints former BoE and FSA senior adviser as non-exec director

Niche engineering and manufacturing company Specialist Energy Group (LON:SEGR) has appointed former senior adviser to the Bank of England and the FSA (Financial Services Authority) Victor Emerson as non-executive director and chairman of the remuneration committee.

Specialist Energy’s new director started his career at British Steel Corporation, from which he moved to De La Rue Group (LON:DLAR) and Bank of America (NYSE:BAC). Emerson has since held a number of senior roles in the banking sector, such as director and general manager banking at Nomura Bank International and more recently, various senior management roles at Standard Chartered Bank (LON:STAN), where he was a member of the SCB Group management committee and group head of corporate and institutional banking.

Emerson currently serves as non-exec at other companies, including property and casualty insurance company ACE European Group Limited, where he is also the chairman of the audit committee, and Fairfield Energy. Emerson’s other occupations include business adviser to Pakistani conglomerate House of Habib and membership of the faculty of management studies at Oxford University.
“Ron brings with him a wealth of international experience in both the engineering and financial sectors and therefore has a close understanding of our core business. His independence and strategic input will be invaluable in assisting the company in its long-term development and growth,” said chief executive of Specialist Energy Group Ewan Lloyd-Baker.

The company was formed in January 2010 when Southbank UK reversed into Nviro Cleantech. The company’s principal asset is the Hayward Tyler subsidiary, which manufactures boiler circulating pumps and specialist motors.

Broker Astaire Securities has recently stated that the company’s decision to concentrate on the engineering business and to put no further resources behind the Nviro technologies that had so far failed to prove viable was good news for SEG shareholders.