Omni Bridgeway Limited announced that Andrew Saker has confirmed his decision to retire as Managing Director and CEO of Omni Bridgeway (CEO) after more than eight years in the role. The Board is delighted to confirm that Executive Director, Managing Director and Chief Investment Officer (CIO) of EMEA, Raymond van Hulst, will be appointed CEO upon Mr. Saker's retirement. The succession will take effect on 26 October 2023 at this year's AGM, as part of a carefully planned executive management transition.

In view of Mr. Saker's considerable experience in the legal risk asset management industry and to assist with a smooth handover, Mr. Saker has agreed to continue with the Company as a consultant in the role of non-executive adviser for an initial period of one year. Mr. van Hulst's succession to CEO has been a focus of the Company's succession planning and talent management. Mr. van Hulst is one of the most experienced executives and highly regarded within the global legal risk asset management industry, having been a key member of the legacy Omni Bridgeway team for over twenty years.

Since the acquisition of Omni Bridgeway Holding B.V in 2019 (Acquisition), Mr. van Hulst has been both an executive director of Omni Bridgeway and CIO of EMEA, focussing on the globalisation of the enforcement investment strategy and the integration of the businesses. Following Mr. Saker's retirement, the Board will revert to a more conventional structure with a single executive director in Mr. van Hulst and three non-executive, independent directors, with a fourth non-executive appointment planned in the coming quarter.