(Alliance News) - Burford Capital Ltd on Tuesday said it hired Jordan Licht as its new chief financial officer, replacing Ken Brause.
The London-based litigation finance, risk management and asset recovery company said Licht was previously the chief operating officer of both commercial finance services firm Caliber Home Loans Inc and mortgage lender Newrez LLC. The firms recently combined under the Rithm banner to form a top five non-bank residential mortgage origination and servicing business.
Prior to the combination, Licht was the deputy chief financial officer at Caliber. Before this, he worked at Morgan Stanley for ten years in financial services investment banking.
"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," the company said.
A date for the CFO transition has yet to be announced.
Chief Executive Officer Christopher Bogart said: "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."
Burford said Brause will become a senior advisor to the company, as did previous CFO Jim Kilman.
Shares were up 0.3% at 778.32 pence each on Tuesday morning in London.
By Xindi Wei; xindiwei@alliancenews.com
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Burford Capital (BUR)