IMF Bentham Announces Board, Executive and Committee Appointments, Thanks Retiring Non-Executive Director for her Service

Contact:
North America: Gretchen Lyn Koehler, Chief Marketing Officer | +1 212 488 5331 | [email protected]
Australasia: Marella Gibson, Chief Marketing Officer | +61 2 8223 3567 | [email protected]      

Company welcomes Christine Feldmanis as new non-executive director, thanks retiring non-executive director Wendy McCarthy AO, welcomes new Chief Financial Officer Stuart Mitchell and welcomes Peter Ostroff to the US Investment Committee

NEW YORK (October 2, 2018) – IMF Bentham (ASX:IMF), the parent company of Bentham IMF (Bentham), announces today that it welcomes a new non-executive director, thanks a retiring non-executive director, and welcomes a new Chief Financial Officer and a new member of the US Investment Committee.
 
Ms. Christine Feldmanis Joins the IMF Bentham Board as Non-Executive Director
 
Ms. Christine Feldmanis is appointed to the IMF Bentham board of directors (Board) with effect from 1 November 2018.
 
Ms. Feldmanis has more than 30 years’ experience in the financial sector in areas including investment management, finance, accounting and risk management and governance in both listed and unlisted financial product markets. Ms. Feldmanis formerly held senior executive and C-suite positions with firms including Elders Finance, Bankers Trust, NSW TCorp and Treasury Group.
 
Ms. Feldmanis is currently a director of ASX listed Perpetual Equity Investment Company (ASX:PIC) and is also a director of FIIG Securities Limited, Uniting Financial Services, Foodbank NSW & ACT Limited and Bell Asset Management Limited.
 
The Board welcomes Ms. Feldmanis to IMF Bentham and looks forward to her contribution as a non-executive director. Ms. Feldmanis has been appointed by the Board as an additional director and will stand for election at the forthcoming Annual General Meeting (AGM).
 
Ms. Feldmanis joins the Board as part of the Board’s renewal following the decision of Wendy McCarthy AO to retire from the Board following the forthcoming AGM.
 
Chairman Mr. Michael Kay said: “I welcome Christine Feldmanis who will take her seat on the Board on 1 November 2018. Christine’s skills together with her commercial and Board experience make her a valuable new member of our team.”
 
Ms. Wendy McCarthy AO Retires as Non-Executive Director

Ms. Wendy McCarthy AO will retire from the Board at the conclusion of the 2018 AGM on 21 November 2018. Ms. McCarthy will also be retiring from her positions as Chair of the Corporate Governance Committee, Chair of the Nomination Committee and member of the Audit and Risk Committee and Remuneration Committee.
 
Ms. McCarthy has been a non-executive Director of IMF Bentham since December 2013.
 
Chairman Mr. Michael Kay thanked Ms. McCarthy for her fine contribution: “On behalf of the Board, I express our sincere thanks to Wendy for her significant contribution to IMF Bentham’s development and transformation over the past five years. It has been a pleasure working with Wendy and we wish her well in life after IMF Bentham.”
 
Mr. Stuart Mitchell Appointed Chief Financial Officer and Ms. Julia Yetsenga as Global Fund Financial Manager
 
Mr. Stuart Mitchell is appointed as Chief Financial Officer of IMF Bentham effective from 12 November 2018 following the decision of Ms. Julia Yetsenga to transition from the role of Chief Financial Officer to Global Fund Financial Manager to support the transition of IMF Bentham’s business model to a funds management structure.
 
Mr. Mitchell is a qualified lawyer, Chartered Accountant and Chartered Company Secretary who has over 20 years’ commercial experience in the Australian financial services sector. Mr. Mitchell’s experience includes financial, regulatory and tax compliance in multiple jurisdictions as well as funds management and private equity experience.
 
Mr. Mitchell was recently CFO at Ironbridge Capital where he held that position since 2004. At Ironbridge, Mr. Mitchell managed the structuring, implementation and monitoring of investments (and divestments) in Australia and New Zealand. He implemented financial management and administrative support as Ironbridge grew in size and across two funds progressed the implementation, ongoing management, structuring and execution of investment, fund and investor activities.
 
The Board would like to acknowledge and thank Ms. Yetsenga for her significant contribution as Chief Financial Officer and looks forward to her continued involvement in the evolution of the business and at the same time welcomes Mr. Mitchell’s appointment and looks forward to his contribution as the new Chief Financial Officer.
 
Mr. Peter Ostroff Appointed to US Investment Committee 
 
Mr. Peter Ostroff, a former partner of Sidley Austin LLP, has taken up a permanent role on IMF Bentham’s US Investment Committee as the second non-employee member of the committee following the appointment in October 2016 of Judge Vaughan Walker.
 
Mr. Ostroff has over four decades of litigation experience, including most recently, more than 30 years as a partner in Sidley Austin LLP's Los Angeles Litigation group. He served for a number of years as the head of Sidley's west coast litigation practice, as co-chair of the firm's Complex Commercial Litigation practice and a member of the firm's governing Executive Committee. His legal achievements have been recognized in the 2011-2015 editions of The Best Lawyers in America in Bet-The-Company Litigation, Commercial Litigation, Litigation – Intellectual Property, and Litigation – Labor and Employment and in the 2014-2015 editions for Entertainment Law– Music. In addition, Mr. Ostroff was recognized as a Litigation Star in the 2013 and 2014 editions of Benchmark Litigation.
 
The Board welcomes Mr. Ostroff and looks forward to his contribution to the US Investment Committee.
 
ABOUT BENTHAM IMF 

Bentham IMF is the US arm of publicly listed IMF Bentham Limited (ASX: IMF), one of the most successful litigation funding companies in the world, and one of only two Chambers and Partners “Band One” litigation funding companies in the US, with a portfolio that has a total claim’s estimated recoverable amount of $5.6 billion AUD. Together, our companies have 14 offices throughout the US, UK, Australia, Canada and Asia and provide funding to clients in jurisdictions including the US, UK, Europe, Australia, Canada, New Zealand, Hong Kong and Singapore. We have reviewed thousands of commercial cases in the past 17 years, funding to completion 175 cases and generating $2.2 billion AUD in recoveries. We have achieved a 90% success rate, with clients utilizing our funding retaining an average of 62% of all case proceeds.