The AIM-listed capital markets and wealth management firm has appointed non-executive director Jonathan Freeman as interim CEO with immediate effect.
Hume’s board is in the midst of a review of the company focused on ascertaining whether the business is adequately funded for the foreseeable future.
The company also said it is in advanced talks with a group of potential investors concerning the provision of new funding either in the short or medium term.
These developments follow on from Hume’s announcement on 14 April that it would stop all market making activity and carry out the strategic review.
At that time it also said interim results will be released before the end of May, its pipeline is strong and it has had indications the numbers for the six months to February 2014 will be significantly better than for the same period last year.
Hume was founded as XCAP Securities in 2007 but changed its name in February this year.
