GLI Finance Limited Senior Management Team Appointments

TIDMGLIF

GLI Finance Limited

02 August 2016

2 August 2016

GLI Finance Limited

(the "Company" or "GLI" or "Group")

Senior Management Team Appointments

The Board is pleased to announce the appointments of Russell Harte as Chief Operating Officer and Steven Simpson as Head of Group IT.

Russell is a Chartered Accountant with extensive general management, operations and risk management experience. His recent roles have included being Finance Director of Liberty Holdings Limited, a JSE listed long term insurer, where he played a key role in the turnaround of that business. Most recently he was CFO of Standard Bank Jersey Limited.

Steven is currently Head of IT at Platform Black, one of GLI's subsidiaries. He has over 25 years of experience in the design, implementation and administration of secure and highly-available enterprise and web-based solutions for corporate customers across various sectors including finance and telecoms.

Russell and Steven will join the senior management team. Russell will report to the Group CEO and Steven will report to Russell.

Andy Whelan, CEO of GLI, said;

"Over the course of this year, we've recognised that GLI would benefit from further strengthening of its operations, risk management and IT functions. I'm therefore very pleased to announce the appointments of Russell Harte as Chief Operating Officer and Steven Simpson Head of Group IT. The GLI senior team now comprises Emma Stubbs as Chief Financial Officer and Louise Beaumont our Head of Public Affairs and Marketing, and myself as Group Chief Executive Officer. This is a significantly strengthened top team and is well placed to take the Group forward."

For further information, please contact:

GLI Finance Limited

Andy Whelan

[phone]

Instinctif Partners (PR Advisor)

Tim Linacre/Nick Woods

[phone]

About GLI Finance

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (tickers GLIF and GLIS (Ord) and GLIZ (2019 ZDP)). Loans are provided to SMEs through a variety of finance platforms in which GLI Finance has an equity stake.

The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include UK and US SME Lending, Offshore Lending, UK and European Invoice Discounting, Supply Chain Finance, Global Trade Finance, and UK Property-Backed Lending.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 02, 2016 03:47 ET (07:47 GMT)