Syndicate Asset Management, the UK-listed fund management group which owns Ashcourt Rowan and Savoy Investment Management, has appointed Neil Hale as its new chief financial officer and a director of the company with immediate effect.

Hale has been an employee of Syndicate and its subsidiary companies since December 2004. His most recent position within the group was that of Syndicate Group financial controller, a post he had held since November 2009. Prior to that, he was finance director for the Ashcourt branded businesses prior to its merger with Rowan & Co.

An earlier appointment by Syndicate Asset Management preceding Hale's was that of Ranil Perera as a non-executive director at the end of last month.