ICP.L Regulatory News (ICP)

8 Nov 2007 11:46

Intermediate Capital Group PLC08 November 2007 8 November 2007 For Immediate Release Intermediate Capital Group Succession Planning for 2008 Intermediate Capital Group PLC ("ICG"), a leading direct investor and fundmanager with over €10bn under management, has announced the intention of SaraHalbard, ICML Senior Fund Manager, to retire in June 2008. ICG, through its fundmanagement subsidiary ICML, is one of the largest and most experienced investorsin the European high yielding credit market. Sara Halbard, ICML Senior Portfolio Manager, said: "ICML now manages 8 CDO's andseveral Institutional Mandates with a team of 12 portfolio managers and researchanalysts. I am very proud of the credit team which we have built over many yearsand which includes John Barker, Head of Leveraged Loans with 25 years ofexperience, Garland Hansmann, Head of High Yield with 12 years of experience,and David Ford, Head of Research, who has been in the markets since 1997. ICML'sCredit Committee also has substantial experience with a wealth of investmentmanagement experience between them and I am confident that I will leave thebusiness in good hands". Tom Attwood, Managing Director of ICG, added "I would like to thank Sara for herenormous contribution to ICG over many years. Sara will leave at the top of hergame. We thank her, too, for giving us the opportunity to plan for hersuccession. She will leave us with an outstanding and experienced team, a wellbalanced portfolio and a strong platform for future growth. We are well advancedin making key appointments to further contribute to the continued success of thebusiness". Intermediate Capital Group PLC Janine Peake, Investor Relations Director (020) 7628 9898 Jean-Christophe Rey, Investor Relations Manager (020) 7628 9898 Tom Attwood, Managing Director (020) 7628 9898 Sara Halbard, Senior Portfolio Manager (020) 7628 9898 Brunswick Group Limited Helen Barnes / Teresa Bianchi (020) 7404 5959 Further information on Intermediate Capital Group PLC Founded in 1989 and quoted on the London Stock Exchange, Intermediate CapitalGroup PLC is a leading independent investor in Leveraged Buy-outs and thirdparty Fund Manager. ICG has a large and experienced investment team with 55executives operating out of ICG's head office in London and offices in Paris,Madrid, Stockholm, Frankfurt, Hong Kong, Tokyo, Sydney and New York . Since itsinception, ICG has invested more than €12bn in mezzanine and equity in over 300transactions. In addition ICG manages over €10bn in Mezzanine and CDO Funds.Further information at: www.icgplc.com. This information is provided by RNS The company news service from the London Stock Exchange