Telling succeeds Bernard Gallagher, who stepped down earlier this month.
Sumus was listed on AIM, the London Stock Exchange’s Alternative Investment Market, in 2005, and merged with Lighthouse plc in 2008.
STM Group is the parent of STM Fidecs, a cross-border focused trust company and pensions administrator that has been in the news recently for its development of a new QROPS scheme that won approval by both Gibraltar’s Income Tax Commissioner and HM Revenue & Customs — paving the way for the resumption of UK pension transfers to Gibraltar, which have been suspended since September 2009. It also is introducing what it calls a ‘nil-cost’ QROPS, in association with Prudential International.
