WELL known Eastbourne businessman Nik Askaroff has died.

He passed away on Christmas Eve.

This is the statement from EMC: “It is with deepest sadness that we share news of the passing of Nik Askaroff, EMC’s founder and Chief Executive. Nik suffered a sudden cardiac arrest whilst travelling in the Far East over the Christmas period.

Nik spent over 30 years of his working life building EMC to become the leading corporate finance house in the South East and the well placed succession plans will ensure that his legacy is built upon.

Our hearts go out to Nik’s loved ones at this difficult time. Please keep them in your thoughts.

We know this will come as a shock to many of you, so please feel free to contact us:”