NEW YORK, April 30, 2021 /PRNewswire/ — Burford Capital Restricted, the main world finance and asset administration agency targeted on legislation, right now introduced the appointment of Kenneth A. Brause as Chief Monetary Officer, efficient Could 3, 2021. Mr Brause shall be primarily based in Burford’s New York workplace.
Jim Kilman, Burford’s present CFO, was appointed in August 2019 to serve for as much as two years, after having beforehand served as Senior Advisor since 2017. Working with a number one govt search agency, Burford undertook a broad and thorough seek for Mr Kilman’s successor late final 12 months. After reviewing quite a few certified candidates, Mr Brause emerged clearly as Burford’s most well-liked selection given his deep prior expertise in monetary working roles at different listed specialty finance corporations. Mr Kilman will spend a three-month transition interval with Mr Brause earlier than returning to his Senior Advisor place, wherein function he’ll proceed to offer strategic monetary counsel to the Firm.
Mr Brause, 56, has 35 years of expertise within the monetary providers business, with a big focus in specialty finance. Most just lately, he was CFO of OnDeck Capital, a New York Inventory Alternate-listed specialty lender. Beforehand, he held quite a few govt roles at CIT Group Inc. (NYSE: CIT), together with serving as Treasurer of its financial institution and dad or mum firm, and, earlier than that, as CFO of its North American Banking enterprise, President of Small Enterprise Lending, and head of Investor Relations. CIT was on the time among the many largest specialty finance corporations in america. Earlier than CIT, Mr Brause held senior roles at American Common, the Financial institution of New York and Bankers Belief. He began his profession as a advisor with Booz, Allen, and has a B.S. Economics with concentrations in finance and administration from the Wharton College of the College of Pennsylvania and an M.B.A. in accounting and finance from the College of Chicago.
Christopher Bogart, Burford Capital’s Chief Govt Officer, commented:
“I am delighted to welcome Ken as Burford’s new CFO. With Spencer Stuart’s help, we performed an intensive seek for our new everlasting CFO, and Ken stood out as somebody with prime quality, career-long specialty finance experience throughout a spread of strategic and operational roles, together with wholesale funding markets. I imagine Burford will profit from his big selection of expertise as we proceed our progress trajectory and our ongoing growth of our US capital markets presence.”
About Burford Capital
Burford Capital is the main world finance and asset administration agency targeted on legislation. Its companies embody litigation finance and risk management, asset recovery and a variety of authorized finance and advisory actions. Burford is publicly traded on the New York Inventory Alternate (NYSE: BUR) and the London Inventory Alternate (LSE: BUR), and it really works with corporations and legislation corporations all over the world from its principal places of work in New York, London, Chicago, Washington, Singapore and Sydney.
For extra data, please go to www.burfordcapital.com.
This communication shall not represent a proposal to promote or the solicitation of a proposal to purchase any extraordinary shares or different securities of Burford.
This launch doesn’t represent a proposal of any Burford fund. Burford Capital Funding Administration LLC (“BCIM”), which acts because the fund supervisor of all Burford funds, is registered as an funding adviser with the U.S. Securities and Alternate Fee. The data offered herein is for informational functions solely. Previous efficiency isn’t indicative of future outcomes. The data contained herein isn’t, and shouldn’t be construed as, a proposal to promote or the solicitation of a proposal to purchase any securities (together with, with out limitation, pursuits or shares within the funds). Any such provide or solicitation could also be made solely by the use of a closing confidential Personal Placement Memorandum and different providing paperwork.
This announcement comprises “forward-looking statements” inside the that means of Part 21E of the US Securities Alternate Act of 1934 concerning assumptions, expectations, projections, intentions and beliefs about future occasions. These statements are meant as “forward-looking statements”. In some circumstances, predictive, future-tense or forward-looking phrases corresponding to “purpose”, “anticipate”, “imagine”, “proceed”, “may”, “estimate”, “anticipate”, “forecast”, “steerage”, “intend”, “could”, “plan”, “potential”, “predict”, “projected”, “ought to” or “will” or the unfavorable of such phrases or different comparable terminology are meant to determine forward-looking statements, however usually are not the unique technique of figuring out such statements. As well as, we and our representatives could on occasion make different oral or written statements that are forward-looking statements, together with in our periodic studies that we file with the US Securities and Alternate Fee, different data despatched to our safety holders, and different written supplies. By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different elements as a result of they relate to occasions and rely upon circumstances that will or could not happen sooner or later. We warning you that forward-looking statements usually are not ensures of future efficiency and are primarily based on quite a few assumptions and that our precise outcomes of operations, together with our monetary situation and liquidity and the event of the business wherein we function, could differ materially from (and be extra unfavorable than) these made in, or instructed by, the forward-looking statements contained on this announcement. Important elements that will trigger precise outcomes to vary from these we anticipate embody these mentioned underneath “Threat Components” in our Annual Report on Kind 20-F filed with the US Securities and Alternate Fee on March 24, 2021. As well as, even when our outcomes of operations, together with our monetary situation and liquidity and the event of the business wherein we function, are in step with the forward-looking statements contained on this report, these outcomes or developments might not be indicative of outcomes or developments in subsequent intervals.
Besides as required by legislation, we undertake no obligation to replace or revise the forward-looking statements contained on this announcement, whether or not because of new data, future occasions, a change in our views or expectations or in any other case.
SOURCE Burford Capital