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New chair Mellon invests in RSH

Former fund manager Jim Mellon has invested £0.1m in new shares in media and financial group Rivington Street Holdings, ahead of the group’s planned re-domicile to the Isle of Man. Mellon, who said his investment was a “signal of serious intent”, is to become non-executive chairman of the group, which includes PR firm Bishopsgate and financial website T1ps.com. He is also a director and the major shareholder in Isle of Man-based Speymill Property Group and a non-executive director at Charlemagne Capital.