NEW YORK, April 30, 2021 /PRNewswire/ — Burford Capital Restricted, the main international finance and asset administration agency targeted on legislation, at present introduced the appointment of Kenneth A. Brause as Chief Monetary Officer, efficient Could 3, 2021. Mr Brause can 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 a variety of certified candidates, Mr Brause emerged clearly as Burford’s most popular 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, during which position he’ll proceed to offer strategic monetary counsel to the Firm.
Mr Brause, 56, has 35 years of expertise within the monetary companies business, with a big focus in specialty finance. Most just lately, he was CFO of OnDeck Capital, a New York Inventory Trade-listed specialty lender. Beforehand, he held a variety of govt roles at CIT Group Inc. (NYSE: CIT), together with serving as Treasurer of its financial institution and mum or dad 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 the US. 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 marketing consultant 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 Government Officer, commented:
“I am delighted to welcome Ken as Burford’s new CFO. With Spencer Stuart’s help, we carried out an in depth seek for our new everlasting CFO, and Ken stood out as somebody with top quality, career-long specialty finance experience throughout a spread of strategic and operational roles, together with wholesale funding markets. I consider Burford will profit from his wide selection of expertise as we proceed our development trajectory and our ongoing enlargement of our US capital markets presence.”
About Burford Capital
Burford Capital is the main international 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 Trade (NYSE: BUR) and the London Inventory Trade (LSE: BUR), and it really works with corporations and legislation corporations world wide from its principal workplaces in New York, London, Chicago, Washington, Singapore and Sydney.
For extra info, please go to www.burfordcapital.com.
This communication shall not represent a proposal to promote or the solicitation of a proposal to purchase any atypical 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 Trade Fee. The data offered herein is for informational functions solely. Previous efficiency just isn’t indicative of future outcomes. The data contained herein just 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 supply or solicitation could also be made solely via a last confidential Non-public Placement Memorandum and different providing paperwork.
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SOURCE Burford Capital