Board Composition - Appointment of and resignation of a director
17/01/2024 09:16
Date: 17 January 2024
LEI Number:
213800A2B1H4ULF3K397
From: Balanced Commercial
Property Trust Limited
Board Composition – Appointment of and resignation of a director
The Board is pleased to announce the appointment of Karima Fahmy as an
independent non-executive Director of the Company with effect from 19 January
2024.
Karima is a corporate lawyer with extensive experience of the UK property
market. During her executive career, she worked at Grosvenor Group
("Grosvenor"), the international property group, latterly as General Counsel
until 2020. Prior to Grosvenor, Karima worked at Hogan Lovells, the global law
firm, advising both listed and unlisted companies.
Karima is also a non-executive Director of The PRS REIT plc which focuses on
highquality, new-build family homes for the private rental market.
The Board of the Company also announces the resignation of Hugh Scott-Barrett
as a non-executive Director with effect from 23 February 2024. As announced by
the Company on 11 January 2024, Hugh has been appointed as Chair Designate of
Irish Residential Properties REIT plc ("I-RES"), becoming Chair with effect
from the publication of I-RES’s 2023 results scheduled for 23 February
2024. Given the significant increase in time commitment that appointment
will involve, he has decided that now is an appropriate time to step down as a
non-executive Director of the Company.
Paul Marcuse, the Chair of the Board, commented:
"The Board would like to thank Hugh for his considerable contribution to the
Company and wise counsel over recent years. We wish him the best in his new
role. The Board is delighted to welcome Karima as a non-executive Director,
who has considerable experience in the property sector, and we look forward to
working with her."
Other than as set out in this announcement, there is no information that is
required to be disclosed pursuant to LR 9.6.13R.
All enquiries to:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St. Peter Port Guernsey
GY1 3QL
Tel: 01481 745324
Fax: 01481 745051
Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved