- Titanium Asset Management has elected Yoram Naveh as Chairman of the Board of Directors.

Naveh is currently a non-executive director of the Company and has recently been appointed the Chief Executive Officer of Clal Finance Ltd., succeeding Tal Raz, who has been appointed Chief Executive Officer of another entity owned by IDB Holding Corporation Ltd.

Clal Finance owns approximately 51% of the Company's outstanding common stock and IDB Holding Corporation is an indirect controlling shareholder of Clal Finance Ltd. Raz will continue to serve as a director of the company.

At 9:52am: [LON:TAM] share price was +0.01p at 0.33p

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