SME Credit Realisation Fund Limited announced that following the results of the company's seventh Annual General Meeting, the company announced the following changes to the board and its committees effective from 19 October 2022: Mr. Richard Boleat has stepped down as a director and chairman of the board of the Company. Mr. Frederic Hervouet has been appointed to succeed as chairman of the board. Mr. Anthony Nicol has joined the board as a non-independent director and will also become a member of the Risk Committee and the Remuneration and Nominations Committee.

Mr. Nicol is Funding Circle's Group Finance Director. Previously Mr. Nicol was the Group financial controller at IG Group plc and before that spent over 15 years at PwC. Mr. Nicol is an FCA of the ICAEW and holds a BSc (Mathematics) from Bristol University.

The Company announced the following changes to the board committees: Mr. Jonathan Bridel has been appointed as chair of the Risk Committee to replace Mr. Frederic Hervouet; and Mr. Richard Burwood has been appointed as chair of the Remuneration and Nominations Committee to replace Mr. Richard Boleat.