LIT Litigation Capital Management Limited

TIDMLIT

RNS Number : 3774W

Litigation Capital Management Ltd

18 August 2020

18 August 2020

Litigation Capital Management Limited

(LCM or the Company)

Appointment of Non-Executive Director

Litigation Capital Management Limited (AIM:LIT), a specialist alternate asset manager and leading international provider of disputes financing solutions, announces the appointment of Gerhard Seebacher as a non-executive director, with immediate effect.

Following the launch of LCM's US$150m Global Alternative Returns Fund in March 2020, LCM seeks to expand and further embed its business as a leading alternate asset manager and Gerhard's appointment fulfils the Board's objective to further broaden the skill set and experience of current non-executive board members to align with that strategic goal.

Gerhard (aged 54) brings to LCM's Board a long career in financial services and fund management. He has worked extensively in Europe and the US, including a 20-year-plus career at Bank of America in a number of senior management roles within the global investment bank. Gerhard was more recently a partner at Brevan Howard Asset Management, a leading global macro hedge fund, and is currently the Chief Investment Officer and owner of Boulder Hill LLC, a private investment company.

Jonathan Moulds, Chairman of the LCM Board : comments: "I am delighted that Gerhard is joining LCM at this exciting time for the company. His experience in global financial services and his breadth of financial relationships will be extremely valuable as LCM continues to expand its global portfolio."

Save as set out above, there are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

Enquiries

 
 Litigation Capital Management      c/o Alma PR 
 Patrick Moloney, Chief Executive 
  Officer 
 
 
 Canaccord (Nomad and Joint         Tel: 020 7523 8000 
  Broker) 
 Bobbie Hilliam 
 
 Investec Bank plc (Joint Broker)   Tel: 020 7597 5970 
 David Anderson 
 
 
 Alma PR                            Tel: 020 3405 0205 
 Justine James                      LCM@almapr.co.uk 
  Rebecca Sanders-Hewett 
  Susie Hudson 
 

NOTES TO EDITORS

Litigation Capital Management (LCM) is a specialist alternate asset manager and leading international provider of disputes financing solutions which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is fund and/or asset management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Corporate portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.

LCM has an unparalleled track record driven by disciplined project selection and robust risk management.

Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.

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END

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