– UK, London – Fair Oaks Income Limited (LON: FAIR) today announced the appointment of Richard Burwood to its Board as a Non-Executive Director and Chairman effective from 27 September 2023, succeeding Dr Claudio Albanese who remains as Non-Executive Director.
About Richard Burwood
Richard Burwood is a resident of Guernsey with over 30 years of experience in banking and investment management. During 18 years with Citibank London, he spent 11 years as a fixed-income portfolio manager spanning both banks/corporate investments and Asset-Backed Securities.
Mr Burwood has lived in Guernsey since 2010, initially working as a portfolio manager for EFG Financial Products. From 2011 to 2013, he worked as the Business and Investment Manager for Man Investments, Guernsey.
From January 2013 to September 2023, he served on the board of TwentyFour Income Fund, a Guernsey company specializing in Asset-Backed investments.
In January 2014, Mr. Burwood joined the board of RoundShield Fund, a Guernsey fund, focused on European small to mid-cap opportunities. In August 2015, he became a Board Member of Funding Circle SME Income Fund Ltd, which provided investors access to a diversified pool of SME loans originating through Funding Circle’s marketplaces in the UK, US, and Europe.
Mr Burwood also serves on the boards of Habrok, a hedge fund specializing in Indian equities, EFG International Finance (Guernsey) Ltd, a structured note issuance vehicle, and Highland CLO Funding Ltd, an investor in US CLOs.
About Fair Oaks Income Limited
Fair Oaks Income Limited is a registered closed-ended investment company incorporated in Guernsey. The Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange (now the Specialist Fund Segment of the Main Market of the London Stock Exchange) on 12 June 2014.
The investment policy of the Company is to invest (either directly and/or indirectly through FOIF II LP and FOMC III LP) in US and European CLOs or other vehicles and structures which provide exposure to portfolios consisting primarily of US and European floating-rate senior secured loans and which may include non-recourse financing.
For more information: https://www.fairoaksincome.com/
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