Business
Update on Management, Governance & Related Matters
Update on Management, Governance & Related Matters.
About this update from Burford Capital Limited
[{"type":"text","content":"\n \nRNS Number : 9162Y Burford Capital Limited 07 January 2020 \n\n \n \n7 January 2020\n \nUPDATE ON MANAGEMENT, CORPORATE GOVERNANCE AND RELATED MATTERS\n \nBurford Capital Limited (\"Burford Capital\" or \"Burford\" or \"the Company\"), the leading global finance and investment management firm focused on law, today provides the following update on a variety of management, corporate governance and related matters.\n \nManagement structure\n \nBurford believes it has the deepest management bench in the industry and has announced the following management changes to ensure that it is positioned for future global growth as the business enters its second decade.\n \n· Aviva Will and David Perla will become Burford's Co-Chief Operating Officers. They will be jointly responsible for Burford's global marketing, origination and underwriting activities, along with the management of the teams engaged in those activities across all our offices. \n· Craig Arnott will become Burford's Deputy Chief Investment Officer, working with CIO Jonathan Molot across our entire investment portfolio, and will also retain responsibility for growing and developing the Australian market.\n· Mark Klein, Burford's General Counsel, will add the role of Chief Administrative Officer, managing our legal, operational and administrative functions.\n \nBurford will continue to be managed by its Management Committee, composed of Christopher Bogart (Chief Executive Officer), Jonathan Molot (Chief Investment Officer), Jim Kilman (Chief Financial Officer), Elizabeth O'Connell (Chief Strategy Officer) and the four executives named above.\n \nUS securities litigation against Burford\n \nBurford is pleased to report that the US securities class action against Burford filed in August 2019 has been withdrawn by the plaintiffs and dismissed in its entirety. There is no litigation pending against Burford at present other than ordinary course skirmishing within a small number of ongoing funded investment matters.\n \nBurford's Board of Directors\n \nAs previously announced, David Lowe will leave the Board at the May 2020 AGM, and Sir Peter Middleton will leave the Board at the May 2021 AGM. The Company has engaged Korn Ferry to lead a...