Concha appoints former JP Morgan executive

Richard Tray has been appointed to Concha’s senior executive management team, the investment group confirmed on Friday.

Tray, who held different roles at JP Morgan until 2004 when he formed Traycer, an independent financial consultancy group, will step into his new role immediately, the London-listed company added in a statement.

“We are delighted to welcome Richard to the executive team,” said group chairman Chris Akers.

“His wealth of financial experience at the most senior level will prove a great asset to the company's ongoing development."

Concha shares were up 4.98% to 5.80p at 0815 BST on Friday.