DARAG continues strategic expansion with appointment of James Halley as Group CFO
DARAG, the leading legacy acquirer, today announces that James Halley has been appointed Group CFO, effective 3rd September and pending regulatory approval.
Halley’s appointment is part of an ongoing strategic upscaling. It follows the appointment of Tom Booth as CEO and the completion of a €U260m capital raise, with Aleph Capital Partners and Crestview Partners joining current owners Keyhaven Capital Partners as strategic backers of the business. Halley replaces Mike Trotman, whose role was to deliver the recent fundraise.
Halley brings 30 years’ experience in finance and accountancy to the role, having most recently served as Finance Director of AEGIS London. Over the course of his distinguished career, he has held finance roles across a range of sectors, including leading insurers. He was Group Finance Director for AXA Ireland between 1998 and 2000 and was an insurance and finance services partner at Arthur Andersen between 1988 and 1998. He began his career as a Chartered Accountant at Ernst & Young Ireland in 1982.
Tom Booth, Group CEO at DARAG: “DARAG has set on a path of global growth, building on our strong continental European roots and setting our sights on expanding in the US and beyond. The recent capital raise has added significant scale to our business, and we are determined to deliver exceptional value to all our stakeholders and counterparties. I would like to thank Mike for his exceptional work helping secure the recent equity investment. James’ arrival is a milestone for us, and his expertise in the insurance market will prove invaluable as we continue to develop DARAG into the leading, global firm it is now well-placed to be.”
James Halley added: “DARAG’s development over the past year has been impressive, and the scale and scope provided by the recent capital raise will secure DARAG’s position as a leading legacy provider. I am excited to work with the team to achieve our ambitious goals.”
About DARAG:
DARAG is a leading international insurance and reinsurance company specialising in the assumption of discontinued business and the provision of capital relief solutions. Building on its strong European roots, since 2009 DARAG has completed 23 run-off transactions in 15 countries with a value of in excess of €740m. For more information, please visit: www.darag-group.com
Media contact
Peter Rigby
Haggie Partners LLP
Tel.: +44 207 562 4444
Jakub Stawiski
Haggie Partners LLP
Tel.: +44 207 562 4444