17 Jun 2020 07:00
17 June 2020
Arrow Global Group PLC
Appointment of Non-Executive Director
Arrow Global Group Plc ("Arrow Global", the "Company" or the "Group "), a leading European investor and alternative asset manager in non-performing and non-core portfolios and real estate assets, is pleased to announce that Paola Bergamaschi Broyd will join the Board as an independent Non-Executive Director with immediate effect and will be appointed to the Company's Audit, Nomination and Risk Committees. In addition, and subject to FCA approval, she will be appointed Chair of the Risk Committee, replacing Andrew Fisher (Senior Independent Director) who was appointed as interim Chair of the Risk Committee after Iain Cornish stepped down from the Board in April 2019.
Paola is currently on the board of BNY Mellon International, Arca Fondi SGR and Wells Fargo Securities International where she is also Chair of the Remuneration Committee. She holds positions on a number of risk and audit committees as part of these roles. Until recently Paola was a member of the Board of Big Society Capital where she was interim Chair of the Audit, Risk and Compliance Committee during 2018 and 2019. Also, until October 2019, Paola was a Non-Executive Director of Millennium & Copthorne Hotels. Her appointment brings over 30 years of financial services experience to Arrow with roles having included senior positions at State Street, Credit Suisse and Goldman Sachs.
Jonathan Bloomer, Chairman of Arrow Global, said: "I am pleased to welcome Paola to the Board as a Non-Executive Director. Our strategy is focused on sustainably growing and developing our position as a leading European investor and alternative asset manager in non-performing and non-core portfolios and real estate assets. Paola's broad experience of international financial services, including capital markets and asset management, will complement the existing skills and competencies on the Board and be invaluable to the Group as it continues its successful growth and development."
On her forthcoming appointment to the Board, Paola Bergamaschi Broyd said: "I'm delighted to be joining the Board of Arrow at an important time for the Group. Its platform and track-record mean it is uniquely positioned to continue its growth as a partner and fund manager of choice in its European markets. I'm confident Arrow has the right strategy, people, culture to realise this opportunity and look forward to joining the Board and contributing at this exciting time for Arrow."
The members of the Risk, Audit and Nomination Committees, with immediate effect, will be:
Risk Committee
Andrew Fisher, Paola Bergamaschi Broyd, Maria Luis Albuquerque and Lan Tu. All are independent Non-Executive Directors.
Audit Committee
Andrew Fisher, Paola Bergamaschi Broyd, Maria Luis Albuquerque and Lan Tu.
Nomination Committee
Jonathan Bloomer, Maria Luis Albuquerque, Paola Bergamaschi Broyd, Andrew Fisher and Lan Tu.
There is no further information that is required to be disclosed under paragraph 9.6.13R of the Listing Rules relating to Paola Bergamaschi Broyd.
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ENQUIRIES:
Arrow Global Group PLC +44 (0)161 242 1724
Stewart Hamilton, Company Secretary