Rivkin sons exit family business
Rivkin Financial Services (RFS) is set to announce a change of name and business activities after Jordan and Shannon Rivkin, sons of embattled entrepreneur Rene, retired from the board of directors along with long-standing associate David Croll.
These latest departures round off a complete executive turnover at RFS, set off with the resignation of Spiros Dassakis on June 16, and followed with the appointment of new managing director Andrew Davis, after his company acquired a substantial shareholding in the group.
The vacancy left by out-going chairman Jordan Rivkin will be filled by Lawrence Chartres.
Shannon Rivkin’s position as a director will be filled by new recruit Anthony Lister.
At the RFS 2003 annual general meeting held last November, Jordan Rivkin reiterated the group’s intention to move into funds management due to the value it could add for shareholders.
Newly inducted managing director Andrew Davis, who has only been in the job for a fortnight, says the group will still take short term positions in the stock market, and will continue to develop its stockbroking subsidiary, Rivkin Discount Stockbroking.
“The company proposes to refine its share trading activities from to (sic) a more measured investment approach including the taking of positions in companies where it will be able to assist in their development,” Davis says.
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