Last checked at 
16 May 2017 07:00
16 May 2017
Qatar Investment Fund plc
("QIF" or the "Company")
Directorate Change
Qatar Investment Fund plc is pleased to announce the appointment of David Humbles as a non-executive Director of the Company, with effect from 15 May 2017.
He is experienced in oil & gas, Qatar and the Gulf, real estate and quoted and unquoted investment funds. He worked in the downstream oil industry for 25 years and relocated to the Isle of Man in 1998 as a Director of Total.
David was previously a non-executive director of AIM listed Speymill Deutsche Immobilien Company plc and South African Property Opportunities plc. He was also previously Chairman of Epicure Berlin Property Company Limited until March 2017.
The Company also announces that Leonard O'Brien, who has been a director of the Company since its inception in 2007, will not seek re-election at the 2017 annual general meeting and will step down from the board at the conclusion of the 2017 Annual General Meeting.
Nick Wilson, Chairman of QIF, commented:
"We are pleased to appoint David Humbles as a Director. He brings a depth and range of experience to the Board and we look forward to working with him.
On behalf of the Board, I would like to pass on my thanks to Leonard O'Brien for his service to the Company and wish him well for the future."
Other than as set out in the appendix, it is confirmed that there are no other details to be disclosed concerning Mr Humbles under Listing Rule 9.6.13 R.
ENDS
For further information, please contact:
Nicholas Wilson | +44 (0) 1624 622 851 |
Qatar Investment Fund plc | |
Ian Dungate/Suzanne Jones | +44 (0) 1624 692600 |
Galileo Fund Services Limited | |
Richard Gray/Andrew Potts | +44 (0) 20 7886 2500 |
Panmure Gordon | |
William Clutterbuck/Cebuan Bliss | +44 (0) 20 7379 5151 |
Maitland |
-ENDS-
Appendix
David Humbles was born in 1960 and is British.
David has been Managing Director of Oakmayne since 2006. This company is a residential developer in the London market. See www.oakmayneproperties.com At the date of this announcement, Mr Humbles had no interests in QIF's issued share capital.
David Humbles was appointed as a director of Vanderbilt (Boundary Road) Limited on 1 March 2005. On 31 October 2014, a creditors voluntary liquidation was effected with no shortfall to creditors.
David Humbles was appointed as a director of Haysboro Limited on 7 April 2006. On 17 December 2010, a creditors voluntary liquidation was effected with no shortfall to creditors.
David Humbles was appointed as a director of Falmouth Limited on 14 June 2007. On 16 November 2016, a creditors voluntary liquidation was effected with a shortfall to creditors of £99,370,852. Falmouth Limited was a closely-held special purpose vehicle formed for a property transaction that acquired a property in July 2007, just prior to the start of the global financial crisis. Investors in Falmouth Limited funded their investment by way of loan notes rather than equity and the shortfall to creditors relates to the loan notes and the interest on those loan notes owed to those investors, as all third party creditors, including bank debt, were repaid in full.