Statement re Alternative Fixed Income Senior Hires

RNS

9 March 2016

ICG MAKES MAJOR INVESTMENT IN CAPITAL MARKET CAPABILITIES

ALTERNATIVE FIXED INCOME SENIOR HIRES

London - Intermediate Capital Group (ICG) the specialist asset manager, announces a major investment in the development of its capital markets capabilities with the addition of two senior investment team hires. 

Zak Summerscale will join ICG to head up the Credit Fund Management business for Europe and Asia Pacific, replacing Dagmar Kent Kershaw who has decided to leave ICG after eight years' service. Kam Tugnait joins as Director, High Yield Bonds reporting to Zak. Both new hires join from Babson Capital.

Analyst / Investor enquiries:

Ian Stanlake, Investor Relations, ICG                                                                       [phone]

 

Media enquiries:

Neil Bennett, Tom Eckersley, Maitland                                                                   [phone]
Helen Gustard, Corporate Communications, ICG                                               [phone]

About ICG

ICG is a specialist asset manager with 27 years history in private debt, credit and equity. Our objective is to generate income and consistently high returns whilst protecting against investment downside. We seek to achieve this through our expertise in investing across the capital structure. We combine flexible capital solutions, local access and insight with an entrepreneurial approach to give us a competitive edge in our markets. We are committed to innovation and pioneering new strategies where we can deliver value to our investors. ICG has €21.2bn of assets under management globally (as at 31 December, 2015), we are listed on the London Stock Exchange (ticker symbol: ICP), and regulated in the UK by the Financial Conduct Authority (FCA). Intermediate Capital Group, Inc. is a wholly-owned subsidiary of ICG and is registered as an investment adviser under the U.S. Investment Advisers Act of 1940. Further information is available at: www.icgam.com. Past performance is no guarantee of future results.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intermediate Capital Group plc via Globenewswire

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