Directorate Change

RNS Number : 5270G

NB Global Monthly Income Fund Ltd

25 November 2020

 

25 November 2020

NB Global Monthly Income Fund Limited

Appointment of Non-Executive Director

The Board of NB Global Monthly Income Fund Limited ("NBMI" or the "Company") is pleased to announce the appointment of Laure Duhot as a non-executive director of the Company with immediate effect.

Laure is resident in the United Kingdom and brings over 30 years of professional experience in the investment banking and property sectors, specialising in alternative real estate assets, including investing in and the development of healthcare properties, PRS, affordable housing and student and senior living, across the UK.

Laure has a proven track record in fund management, corporate finance, private equity and capital markets and previous senior roles include the European Investment Bank, Lehman Brothers, Macquarie Capital Partners, Sunrise Senior Living, Pradera,  Grainger plc and Lendlease. Laure's non-executive experience includes board positions at a number of investment funds and property companies, including Thames Valley Housing Group, the Guinness Partnership, and currently serving as a non-executive director of Primary Healthcare Properties PLC (LSE:PHP).

Rupert Dorey, Chairman comments : "Laure's career-long experience in debt and equity capital markets operations and financing are complementary to the Board of NB Global Monthly Income. We are extremely pleased to have a professional of her calibre join the Board as NBMI continues to undertake its process of portfolio repositioning. We are excited about the opportunities available from this undertaking and look forward to updating investors as the transition completes."

Laure Duhot adds: "At a time when the outlook for dividends and bond yields continues to be stark, there has never been a better time for a specialist credit investment company able to meet the investor need for reliable monthly income. Neuberger Berman is renowned globally for its expertise in credit investing and I look forward to engaging with the investment team of NBMI and supporting the next phase of the Company's growth."

In accordance with paragraph 9.6.13 of the Financial Conduct Authority's Listing Rules, details of Laure's current and previous public company directorships are included below:

-  Primary Healthcare Properties PLC (Current)

-  MedicX Fund Limited (Previous, prior to its merger with Primary Healthcare Properties PLC) 

-  Inland Homes plc (Previous)

-  GRIP REIT plc (Previous)

No further disclosures are required for Laure Duhot in respect of paragraphs 9.6.13 of the Financial Conduct Authority's Listing Rules.

For further information please contact:

Praxis Fund Services Limited

Company Secretary

Matt Falla/Gemma Woods

Tel: [phone]

LEI: 549300P4FSBHZFALLG04

 

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