Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce the nomination of Christopher Arthur Halmy as a new independent non-executive director. Mr Halmy’s candidacy will be put before shareholders for their approval at Burford’s forthcoming Annual General Meeting (“AGM”).
Mr Halmy (53) is the former Chief Financial Officer of Ally Financial (formerly General Motors Acceptance Corporation, or GMAC), a $180 billion asset New York Stock Exchange-listed US financial institution whose multinational IPO he led and whose $25 billion investment portfolio he oversaw. Before Ally, Mr Halmy (a Certified Public Accountant) was with JPMorgan, Bank of America and MBNA; he began his career as an auditor at Deloitte. Mr Halmy brings deep US public markets and US GAAP experience to Burford’s Board, where he will serve on the Audit Committee.
Mr Halmy is the non-executive Chairman and audit committee chair of Mercury Financial, the largest non-bank credit card company in the US, and is a non-executive director of Mosaic Sustainable Finance Corp., a solar energy company.
Mr Halmy is Burford’s fourth new director since 2020 (all of whom sit on the Audit Committee and, with Mr Halmy, three of whom are audit committee financial experts). On February 27, 2020, Burford disclosed a plan to achieve a Board with a majority of independent directors under the UK Corporate Governance Code (despite not being subject to the Code) by its 2023 AGM. Though Burford’s Board satisfies the independence rules to which it is subject, Burford is conscious that the UK Code treats Messrs Wilson and Parkinson as non-independent directors given their tenure, and Mr Bogart as non-independent given his executive position. Upon Mr Halmy’s election, Burford will have delivered an independent Board under the UK Code one full year ahead of plan. Burford intends to appoint one more director in due course. Of the four incumbent directors in place prior to 2020, two have now retired, Mr Parkinson will retire in 2023 and Mr Wilson will retire in 2024.
Other than disclosed below in relation to current and prior directorships, Burford Capital Limited confirms that there are no further disclosures to be made in relation to Rule 17 of paragraph (g) of Schedule Two of the AIM Rules for Companies.
Atticus Advisors, LLC
Finch Capital, LLC
Mercury Financial Holdings LLC
Mosaic Sustainable Finance Corp.
Solar Mosaic, LLC
Directorships/Partnerships in the past five years:
CC SAG Holdings GP, LLC
Credit Shop, INC
Solar Mosaic, INC (Merged into: Mosaic Sustainable Finance Corp)
Spectrum Automotive Holdings Corporation