ICP Intermediate Capital Group Plc

 
TIDMICP 
 
 
 
   Intermediate Capital Group plc - Board Change 
 
   The Board of Intermediate Capital Group PLC (the Company) announces that 
Vijay Bharadia will be appointed as a Director of the Company, subject 
to regulatory approval. He will serve as Chief Financial and Operating 
Officer (CFOO) and is anticipated to take up his position in May 2019. 
He will stand for shareholder election as a Director of the Company at 
the Annual General Meeting on 25 July 2019. 
 
   Vijay will replace Philip Keller who, as previously announced, will 
retire to pursue interests outside the City.  Mr Keller will leave the 
Company following the announcement of the year end results and an 
appropriate handover period. 
 
   Mr Bharadia has extensive experience as a CFO in the alternative asset 
management sector and, in particular, of helping drive significant 
international growth.  He has worked for the past decade as 
International CFO for Blackstone with responsibility for financial, tax 
and regulatory reporting across Europe and Asia, as well as holding a 
wider operational and governance brief. Prior to that, he worked at Bank 
of America Merrill Lynch in a variety of roles, latterly as Co-CFO for 
EMEA Equities. 
 
   Mr Bharadia will work closely with Chief Executive Officer, Benoit 
Durteste, on implementing the Group's strategy, with responsibility for 
finance and operations. 
 
   The Company confirms that there are no further disclosures required to 
be made under Listing Rule 9.6.13. 
 
   Kevin Parry, Chairman, said:  "We are delighted to announce the 
appointment of Vijay Bharadia, following a wide ranging, global search. 
The strength of his financial and operational experience and track 
record of taking an alternative asset manager through a significant 
growth phase will be of great value to us as we continue our growth 
strategy.  The Board looks forward to his joining the Company in May." 
 
   Vijay Bharadia said: "ICG has an excellent reputation as a leading 
alternative asset manager, consistently delivering strong results for 
the benefit of all its stakeholders. The Company has great potential for 
the future and I am delighted to be joining a firm of this calibre and 
look forward to helping Benoit and the ICG team build on its success." 
 
   Ends 
 
   Contacts: 
 
   Ian Stanlake 
 
   Investor Relations, ICG plc 
 
   D: +44 (0) 20 3201 7880 
 
   https://www.globenewswire.com/Tracker?data=KItorHWIkbjHT81gUyt6tWSnr92Ui4C-GAeJbEUMn9m8IP6cH77x5h6SSuFTFt97d09DyEOLqaM6VkD2i8tQ8jqfVsKKrx-eEqrV-hi3Ot8= 
ian.stanlake@icgam.com 
 
   Alicia Wyllie 
 
   Corporate Communications, ICG plc 
 
   D: +44 (0) 20 3201 7994 
 
   M: +44 (0) 7808 610 080 
 
   https://www.globenewswire.com/Tracker?data=vli4zxNz7j9P8yK8jDBv-96IjmG6PJWkRT0HwXc7dB1RZlxEc7HV-maiS7UhGVFxoV9PoH5s_2FtsX8VnjCQD0EcnzxTbaeDbr6Kg8tLpN0= 
Alicia.wyllie@icgam.com 
 
   Andy Lewis 
 
   Company Secretary, ICG plc 
 
   D: +44 (0) 20 3201 7754 
 
   https://www.globenewswire.com/Tracker?data=qEli3BRy3A0Bs2VpALLOQzt4Behtq0x_0mdjvdwWfLLjXpqYABmrmUS1l8cKWZ84ynYoDRcYj1lAnik_6AVGADwYgi9XgNVJZXGK9vzKBhc= 
andrew.lewis@icgam.com 
 
   About ICG 
 
   ICG is a specialist asset manager with over 29 years' history. 
 
   The company manages EUR35.2bn* of assets in third party funds and 
proprietary capital, principally in closed-end funds. Its goal is to 
generate income and consistently high returns while protecting against 
investment downside. Investing across the capital structure, ICG 
combines flexible capital solutions, local access and insight with an 
entrepreneurial approach. ICG operates across four asset classes -- 
corporate, capital market, real asset and secondary investments. In 
addition to growing existing strategies, the company is committed to 
innovation and pioneering new strategies across these asset classes 
where the market opportunity exists to deliver value to fund investors 
and increase shareholder value. 
 
   ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further 
details are available at: www.icgam.com. You can follow ICG on Twitter 
https://www.globenewswire.com/Tracker?data=10RkFZe5jNE78JCpNGEFbtmOKCZNi_lOlSQGN6ULCJaHPTC1eofkG8qEIL2--jhSh2M5aSD9IhE-2cYhLQ1bBQ== 
and LinkedIn 
https://www.globenewswire.com/Tracker?data=kB4Wst5yS3SApTJ0k_CmbF_BYo2HzKpjV83YFAe9tThcwZnbXyBQjmMKOKI-djpQF86H2-clmIwOCLiPBeAy2S0yiDoiBIJdZG_WShDChQqqFFpDvNdvtYJGNUBjZ47R 
. 
 
   *as at 31 December 2018 
 
 
 
 

(END) Dow Jones Newswires

February 01, 2019 04:00 ET (09:00 GMT)

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