REG - Blackstone Loan Fin - Board Update

Blackstone Loan FinancingAnnouncement

26/07/2023 16:30

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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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