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In 1991, and after a number of years working within the West End
commercial property agency market, notably with Conrad Ritblat & Co, Andrew Klein was invited to become Group Property
Manager at Owners Abroad Group plc (now First Choice Holidays
plc), where his father, Howard, was then Chairman and Group Chief
Executive, with the specific brief to rationalise the Group’s many
UK operational premises. After successfully achieving this and later spearheading the relocation of the Group’s Headquarters from Central London to Gatwick where the Group’s Airline, Air 2000, was already located, Andrew then left Owners Abroad in 1994 to set up Rican Securities Limited with his father’s backing. Howard Klein qualified as a Solicitor in 1963 and spent some 16 years in private practise, principally in the field of property law and conveyancing, before joining Owners Abroad in its formative stage in 1979 as a Director and Company Secretary. He was engaged in taking the company from a small private company to a Public Company, initially on the Unlisted Securities Market, and later to a Full Listing on the London Stock Exchange, as well as the formation of the Group’s Airline, Air 2000. In 1987, Howard was appointed Group Chairman and Chief Executive and during his tenure the Group grew to become the second largest holiday company in the UK as well as one of the largest in Europe. In conjunction with Westdeutsche Landesbank, then owners of Thomas Cook, Howard also formulated a Strategic Alliance with Thomas Cook and the German Charter Airline LTU and was appointed a Main Board Director of Thomas Cook. Before leaving the Group in 1993, Howard successfully defended a contested bid for the Company from Airtours (now MyTravel plc). After leaving Owners Abroad, Howard’s decision to join Andrew at the newly created Rican Securities was prompted by his desire to remain active in business and to bring to Rican Securities his general business experience as well as his earlier property experience gained from his years as a practising solicitor. |
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