LONDON: RBG Holdings plc announced that Barry Roche was appointed as Managing Director of the Group’s law firm, Rosenblatt Limited (RBL), on 30 January 2021.
In addition, the Board provides a further update on the positive progress at Convex Capital Limited, the Group’s specialist sell-side corporate finance boutique.
Working alongside RBL’s senior management team, Barry will report to the Group CEO, Nicola Foulston, who previously held the role. In February 2020, Barry joined RBL as interim Chief Operating Officer to help lead the Firm’s expansion. As Managing Director, Barry will be looking at new ways to develop the Firm’s business including identifying new growth areas, enhancing the Firm’s business development strategy, and boosting team performance through resource allocation and skill development.
Barry brings considerable operational and management experience to RBL having spent his early career in The Royal Marines. On leaving the Marines, Barry built a support services business from start-up to eventually becoming a market-leading company nationally, before it was acquired in 2009 by PHS Group.
In 2009 he was one of the founders of Protection Vessels International, a maritime security business, and in 2012 he founded Protection Group International, a Cyber Security and Intelligence business that worked extensively with large corporates and governments. He remains a non-executive director of both companies.
Barry will help the Firm in the next stage of its development after a strong 2020 which saw RBL achieve its best financial performance (in terms of revenue, EBITDA and gross margin) since it was founded in 1989.
RBL successfully adapted its strategy to the market changes caused by the Covid pandemic, including increasing its capacity in its Employment and Insolvency & Restructuring practices. The Firm’s investment in IT infrastructure over the last two years has meant a seamless transition to home working, which allowed performance and client service to be maintained during 2020.
Convex Capital Update
After the disruption of 2020, Convex Capital has continued to convert its strong pipeline into completed transactions. Further to the update on 28 January 2021, Convex Capital has concluded another two deals, bringing the total since 1 January 2021 to three completed transactions, resulting in total fee income to date of £1.1 million. Positive progress continues on several other transactions.
RBG Holdings plc Group CEO, Nicola Foulston said: “RBL has gone from strength to strength in 2020 adapting brilliantly to the challenges presented by Covid. In his spell as interim COO, Barry showed he fitted perfectly into the Firm’s entrepreneurial culture and will help drive RBL’s success over the coming years. We have identified many growth areas, and I look forward to working closely with Barry on delivering on them.
“Furthermore, we are pleased by the great start to 2021 at Convex Capital. Last year, the pandemic made deal completion difficult, but CEO Mike Driver and his team continued to build a strong pipeline of opportunities, which are now being converted. We expect to see an increase in M&A activity this year with both Convex Capital and RBL set to benefit.”
RBG Holdings plc is a professional services group, which includes one of the UK’s pioneering law firms, Rosenblatt Limited, which is a leader in dispute resolution.
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