NCC Group has announced the appointment of Brian Tenner as Chief Financial Officer with effect from 1st February 2017. Brian has held a number of senior finance positions with both publicly listed and private multinational companies, most recently with Renold plc and Scapa plc. We are pleased to see the group make a strong external appointment and see this as a first step in re-building investor confidence after the issues faced in H1’17. The group will report its interim results next week (19th January). We continue to believe that cyber security is an area of structural growth which will drive strong underlying performance. NCC remains an attractive asset and we see the current share price as an opportunity. Buy.