Blackstone Loan Financing Limited Board Update (3060H)
July 26 2023 - 10:29AM
UK Regulatory
TIDMBGLF
RNS Number : 3060H
Blackstone Loan Financing Limited
26 July 2023
26 July 2023
Blackstone Loan Financing Limited
("the Company")
Board Update
As previously announced, at the Annual General Meeting of the
Company held today, Charlotte Valeur and Gary Clark did not stand
for re-election so have retired from the Board of Directors of
Blackstone Loan Financing Limited and Giles Adu was appointed as a
Director at a Board Meeting held after the Annual General Meeting.
The Board thanks Charlotte and Gary for their nine years of
service.
Following Ms Valeur's retirement from the Board, Steven
Wilderspin has been appointed Chair of the Board of Directors and
also of the Management Engagement Committee.
Mr Adu has replaced Mr Wilderspin as Chair of the Risk Committee
and Mr Clark as Chair of the Remuneration and Nomination
Committee.
Mark Moffat has replaced Mr Clark as Chair of the NAV Committee
and Senior Independent Director.
Heather MacCallum remains as Chair of the Audit Committee but
has indicated that she wishes to step down from the Board on 30
September 2023 after the release of the Company's Interim Accounts.
Consequently, the Board has conducted a recruitment exercise and is
pleased to announce that Belinda Crosby has been appointed as a
non-executive director to take effect from 1 August 2023 or, if
later, the date on which the Jersey Financial Services Commission
confirms that it has no objection to such appointment. Ms Crosby
will succeed Ms MacCallum as Chair of the Audit Committee when she
steps down.
Ms Crosby is a chartered accountant and Jersey resident
independent non-executive director with extensive experience in the
management, governance and compliance requirements of commercial
real estate, debt and private equity funds and investment
structures. She has over 25 years' experience in Jersey's financial
services industry and is currently the Chair of the Audit and Risk
Committee of the States of Jersey Development Company Limited. Ms
Crosby has held a range of board and regulated key person positions
and previously managed a highly respected regulated Jersey fund
services business for over 10 years. Her experience includes the
managed wind-down of mature funds and 'end-of-life' fund
structuring.
Ms Crosby holds a BA in History, and is a Fellow of the
Institute of Chartered Accountants in England and Wales and a
Chartered Fellow of the Chartered Institute for Securities and
Investments.
There are no matters in respect of Ms Belinda Crosby requiring
disclosure under paragraphs 9.6.13 (1) to (6) of the Listing
Rules.
Enquiries:
Blackstone Loan Financing Limited
Steven Wilderspin, Chair via BNP Paribas
BNP Paribas 01534 709189 / 813967
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END
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