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Carby to step down as Foster Denovo chairman

Carby to step down as Foster Denovo chairman

Keith Carby is stepping down as chairman of Foster Denovo as his three-year term as a non-executive director ends.

Mr Carby founded Foster Denovo in 2005 with its chief executive Roger Brosch and oversaw its management buyout from Tenet two years later.

Since then he has been the company’s non-executive chairman on top of his other roles, including chief executive of Openwork and Caerus Capital Group as well as a non-executive director of Metro Bank.

Mr Carby said: “After 12 years working together, Roger and I know each other’s views on most matters.

“We are not just close colleagues, we are friends.  Frankly, I think Foster Denovo can benefit from the fresh perspective a new chairman will bring.

“At the same time, I am getting involved in some new ventures. Foster Denovo is very fortunate to have a high number of first-class advisers and members of staff and I have no doubt the company will flourish in the years ahead.”

Mr Carby will also be stepping down as chairman of Sequel Investments, the fund management business which is an appointed representative of Foster Denovo.

He will leave the two companies when a new chairman is appointed, with this process said to be “well advanced”.

Mr Brosch said: “As a founder of the Foster Denovo Group, Keith has been instrumental in our journey to date and an influential mentor to me.

“His contribution has helped to forge the values and principles on which our reputation and success have been built and these will continue to guide us into the future.

“Keith will be greatly missed across the group and on behalf of the board and everyone at Foster Denovo, we thank him for his immense contribution, effort and support over the last 12 years.  We wish him the very best for the future”

damian.fantato@ft.com