The Board of Intermediate Capital Group PLC announces that Vijay Bharadia will be appointed as a Director of the Company, subject to regulatory approval. He will serve as Chief Financial and Operating Officer (CFOO) and is anticipated to take up his position in May 2019. He will stand for shareholder election as a Director of the Company at the Annual General Meeting on 25 July 2019.

Vijay will replace Philip Keller who, as previously announced, will retire to pursue interests outside the City. Mr. Keller will leave the Company following the announcement of the year end results and an appropriate handover period. Mr. Bharadia has extensive experience as a CFO in the alternative asset management sector and, in particular, of helping drive significant international growth.

He has worked for the past decade as International CFO for Blackstone with responsibility for financial, tax and regulatory reporting across Europe and Asia, as well as holding a wider operational and governance brief. Prior to that, he worked at Bank of America Merrill Lynch in a variety of roles, latterly as Co-CFO for EMEA Equities. Mr. Bharadia will work closely with Chief Executive Officer, Benoit Durteste, on implementing the Group's strategy, with responsibility for finance and operations.