REG - Burford Capital Ltd - Jordan Licht Appointed Chief Financial Officer

Burford CapitalAnnouncement

06/09/2022 07:00

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RNS Number : 3471Y  Burford Capital Limited  06 September 2022

 

6 September 2022

 

 

BURFORD CAPITAL APPOINTS JORDAN LICHT AS CHIEF FINANCIAL OFFICER

 

Burford Capital Limited, the leading global finance and asset management firm
focused on law, today announces that Jordan Licht has been appointed as its
Chief Financial Officer.

 

Mr Licht was previously the Chief Operating Officer of both Caliber Home Loans
and Newrez LLC, which recently combined under the Rithm banner (NYSE: RITM) to
form a top five non-bank residential mortgage origination and servicing
business. Prior to the combination he held a series of senior finance and
operating roles at Caliber, including Deputy Chief Financial Officer, and ran
various initiatives including the dual-track IPO and M&A process that led
to the acquisition by Rithm, a financial recapitalization and significant cost
reductions. Prior to Caliber, he spent a decade at Morgan Stanley in financial
services investment banking. Before his investment banking career, Mr Licht
spent six years as a management consultant at Diamond Consulting (now
PricewaterhouseCoopers). He has an MBA from Columbia Business School and an
undergraduate degree from University of Pennsylvania. Mr Licht is also a
non-executive director of United Texas Bank.

 

As Burford looks to complete its transition to a full US SEC-registered issuer
and position itself more prominently with US investors, Mr. Licht brings deep
US capital markets and investor experience.

 

Mr Licht replaces Ken Brause, who becomes a Senior Advisor to Burford and will
assist in the CFO transition and continue to contribute his experience and
insight to the business. Jim Kilman, Mr Brause's predecessor as Chief
Financial Officer, continues in his role as a Senior Adviser.

 

Christopher Bogart, Burford Capital's Chief Executive Officer, commented:

 

"Jordan brings an impressive combination of deep finance, market and strategic
skills to continue elevating Burford's finance function, and we are excited to
have him join the senior management team as Ken's successor. We are grateful
to Ken, with his vast experience, for his many contributions to Burford and
our Finance function, including our transition to US GAAP, implementation of
Sarbanes-Oxley Act-compliant internal controls and a successful debt issuance.
I am happy that we will continue to have the benefit of his advice and counsel
going forward along with his assistance ensuring a seamless transition."

 

 

For further information, please contact:

 

 Burford Capital Limited
 For investor and analyst inquiries:
 Robert Bailhache, Head of Investor Relations, EMEA and Asia - email  +44 (0)20 3530 2023
 (mailto:rbailhache@burfordcapital.com)
 Jim Ballan, Head of Investor Relations, Americas - email             +1 (646) 793 9176
 (mailto:JBallan@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Vice President, Public Relations - email           +1 (212) 235 6824
 (mailto:dhelfenbein@burfordcapital.com)

 Numis Securities Limited - NOMAD and Joint Broker                    +44 (0)20 7260 1000
 Giles Rolls
 Charlie Farquhar

 Jefferies International Limited - Joint Broker                       +44 (0)20 7029 8000
 Graham Davidson
 Tony White

 

About Burford Capital

Burford Capital is the leading global finance and asset management firm
focused on law. Its businesses include litigation finance
(https://www.burfordcapital.com/) and risk management, asset recovery and a
wide range of legal finance and advisory activities. Burford is publicly
traded on the New York Stock Exchange (NYSE: BUR) and the London Stock
Exchange (LSE: BUR), and it works with companies and law firms around the
world from its principal offices in New York, London, Chicago, Washington, DC,
Singapore, Sydney and Hong Kong.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

 

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any ordinary shares or other securities of Burford.

 

This release does not constitute an offer of any Burford fund. Burford Capital
Investment Management LLC, which acts as the fund manager of all Burford
funds, is registered as an investment adviser with the US Securities and
Exchange Commission. The information provided herein is for informational
purposes only. Past performance is not indicative of future results. The
information contained herein is not, and should not be construed as, an offer
to sell or the solicitation of an offer to buy any securities (including,
without limitation, interests or shares in the funds). Any such offer or
solicitation may be made only by means of a final confidential private
placement memorandum and other offering documents.

 

Forward-looking statements

This announcement contains "forward-looking statements" within the meaning of
Section 21E of the US Securities Exchange Act of 1934, as amended, regarding
assumptions, expectations, projections, intentions and beliefs about future
events. These statements are intended as "forward-looking statements". In some
cases, predictive, future-tense or forward-looking words such as "aim",
"anticipate", "believe", "continue", "could", "estimate", "expect",
"forecast", "guidance", "intend", "may", "plan", "potential", "predict",
"projected", "should" or "will" or the negative of such terms or other
comparable terminology are intended to identify forward-looking statements,
but are not the exclusive means of identifying such statements. In addition,
we and our representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our periodic
reports that we file with, or furnish to, the US Securities and Exchange
Commission (the "SEC"), other information sent to our security holders and
other written materials. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors because they relate
to events and depend on circumstances that may or may not occur in the future.
We caution you that forward-looking statements are not guarantees of future
performance and are based on numerous assumptions, expectations, projections,
intentions and beliefs and that our actual results of operations, including
our financial position and liquidity, and the development of the industry in
which we operate, may differ materially from (and be more negative than) those
made in, or suggested by, the forward-looking statements contained in this
announcement. Significant factors that may cause actual results to differ from
those we expect include those discussed under "Risk Factors" in our annual
report on Form 20-F filed with the SEC on March 29, 2022, our interim report
on Form 6-K furnished to the SEC on August 9, 2022, and other reports or
documents that we file with, or furnish to, the US Securities and Exchange
Commission from time to time. In addition, even if our results of operations,
including our financial position and liquidity, and the development of the
industry in which we operate are consistent with the forward-looking
statements contained in this announcement, those results of operations or
developments may not be indicative of results of operations or developments in
subsequent periods.

 

Except as required by law, we undertake no obligation to update or revise the
forward-looking statements contained in this announcement, whether as a result
of new information, future events or otherwise.

 

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