NB Distressed Debt Investment Fund Limited announced the resignation of Talmai Morgan as an Independent Non-Executive Director of the Board, effective 8 February 2016. The company also announced that Stephen Vakil has been appointed as an Independent Non-Executive Director of the Board, effective 5 February 2016. Vakil will replace Morgan on the Company's Audit Committee.

Stephen Vakil has over thirty years' investment experience, most recently working at private client investment manager Quilter Cheviot (and its predecessor companies) from 1989 to 2013. Prior to this, he held positions at L Messel & Co and Chase Manhattan.