18 Jun 2009 16:03
Bramdean Alternatives Limited
('Bramdean' or 'the Company')
New Board appointments
Following the Extraordinary General Meeting of Bramdean Alternatives Limited held today in Guernsey, Jonathan Carr has been appointed as a Non-Executive Director and Chairman; and David Copperwaite and Mark Tucker have been appointed as Non-Executive Directors.
All three Directors assumed their roles immediately following completion of the Extraordinary General Meeting.
Commenting on the new Board's appointment Jonathan Carr, incoming Chairman, said:
"I would like to thank the outgoing Directors for their service to the Company. I would also like to thank the Shareholders for the support that they have shown in appointing the new Board to consider the best course of action for their Company to take."
"The new independent Board of Bramdean Alternatives has significant experience in finance and investment and it is our intention to work swiftly to assess the current state of the Company's investments and to consider all possible options to maximise value for Shareholders."
"As independent Directors we will report back to Shareholders as quickly as possible on the avenues open to us. We take up our appointments with open minds and welcome all advice and suggestions from stakeholders as to how maximum value can be achieved."
- Ends -
For more information contact:
| Bell Pottinger Corporate & Financial David Rydell Olly Scott | +44 (0) 20 7861 3232 |
Notes to Editors
Jonathan Carr, Chairman and Non-Executive Director
Mr Carr is a very experienced individual having been involved in the closed-end fund market for a number of years. Mr Carr is currently Chairman of Galaxy Asset Management Limited, Royal London UK Equity & Income Trust plc and Talisman 1st Venture Capital Trust plc. He was formerly a non-executive Director of Income & Growth Trust plc, Framlington 2nd Dual Trust plc and BFS Income & Growth Trust plc. Mr Carr was also previously the Chairman of Premier Absolute Growth & Income Trust and Govett Enhanced Income Trust.
David Copperwaite, Non-Executive Director
Mr Copperwaite joined Lloyds Bank International in 1973 and he left the firm in 1997 as a principal manager. His responsibilities included all international private banking operations in Guernsey, Jersey, Gibraltar and London, encompassing banking, investment funds, cash management, lending, trusts and offshore company management. Since 1997, Mr Copperwaite has been involved as a Director to a number of investment funds operated by various financial groups including Lloyds TSB Bank, Scottish Widows, Premier and Carrousel. These include multi-functional investment funds, a number of which are listed on stock exchanges in London, Dublin, Singapore, the Channel Islands and Luxembourg. Mr Copperwaite is a former Chairman or President of The Guernsey International Bankers Association, The Association of Guernsey Banks, The Guernsey Fund Managers Association and is a current Member of the Institute of Directors and the Guernsey Fund Association.
Mark Tucker, Non-Executive Director
In 1982 Mr Tucker joined the Jersey branch of HSBC where he headed one of its retail banking departments. In 1988 he became assistant manager of Cater Allen Bank in Jersey and assumed responsibility for the day-to-day operations within the bank. In 1989 Mr Tucker relocated to London to take up a business development role with GNI Limited, one of the founding members of the LIFFE exchange and in 1991 he assumed a similar position with Brody, White and Company, Inc. in New York. Whilst at Brody, White, Mr Tucker was instrumental in the formation of its affiliate Gresham Asset Management, Inc. where he selected alternative investment mangers on behalf of alternative investment vehicles, a role that continued via Mr Tucker's employment with Mitsui & Company in 1996. In 1997 Mr Tucker joined HFR Investments, Inc. in Chicago where he served as its president and chief executive officer until 2002 when he returned to Jersey. He remains a Director and shareholder of HFR Investments, Inc. Mr Tucker is an Associate of the Chartered Institute of Bankers, a member of the Institute of Directors and a Fellow of the Securities Institute.