Embargoed until 7.00am on Tuesday 22 November 2011
Intermediate Capital Group PLC ("ICG") announces the intention of Tom Attwood to retire as an executive director at the end of March 2012.
Tom was instrumental in raising initial capital for ICG in 1989 and became a non-executive director in 1993 prior to joining the business in 1996 as a Managing Director. Subsequently, he served as the Group's CEO from 2005 to 2010 before handing over to Christophe Evain.
Tom Attwood said: "I have always said I would like to retire by the age of 60 and now that deadline is looming. I have thoroughly enjoyed my time at ICG and while I am tremendously proud of everything we have achieved, I am proudest of all of the quality of the team we have built. It is their hard work, integrity, wisdom and humour which I will miss most and which, led by Christophe, shareholders can rely upon to make ICG's future a great success."
Justin Dowley, Chairman, added: "On behalf of the Board, I would like to thank Tom for the tremendous contribution he has made to ICG over the past 22 years. During his time as CEO, ICG trebled third party assets under management and became recognised as the leading global independent mezzanine provider and one of the leading credit funds managers in Europe. He successfully led the Company through the credit crisis in 2009 and, with Christophe and Philip, has positioned the business to take advantage of the considerable opportunities that are emerging in debt markets throughout the world."
Media enquiries: Neil Bennett, Maitland +44 (0) 20 7379 5151 Rebecca Mitchell, Maitland +44 (0) 20 7379 5151
About ICG Founded in 1989, ICG is a specialist investment firm and asset manager providing mezzanine finance, leveraged credit and minority equity, managing ˘?¬12 billion of assets in proprietary capital and third party funds. ICG has a large and experienced investment team operating from its head office in London with a strong local network of offices in Paris, Madrid, Stockholm, Frankfurt, Amsterdam, Hong Kong, Sydney and New York. Its stock (ticker symbol: ICP) is listed on the London Stock Exchange. Further information is available at:www.icgplc.com .
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Source: Intermediate Capital Group PLC via Thomson Reuters ONE
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