Global Hospitality Recovery Fund Appoints Lord St John as Non-Executive Chairman
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Global Hospitality Recovery Fund Appoints Lord St John as Non-Executive Chairman
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Category: Worldwide - Careers -
Appointments
This is a press release selected by our editorial committee and published online for free on 2009-06-17
The Global Hospitality Recovery Fund, which was launched by Waldeck Capital in March to raise up to €1 billion (revised from the original figure of €500 million) in order to acquire luxury hotels, is pleased to announce its first key appointment, that of Lord Anthony St John to the role of non-executive chairman.
Lord St John, a qualified solicitor with a Masters in Maritime Law from the London School of Economics, is a well-known figure in financial circles. A former Managing Director of Globix UK, a NASDAQ-listed Internet Infrastructure Provider, and President of Global Sales and Marketing Globix Corp, Lord St John has acted as a consultant to Merrill Lynch, specializing in parliamentary liaison and emerging markets, since 1991.
Lord St John currently holds a number of prime positions including Chairman of the Governing Board of Certification International, providers of ISO 9000 Quality Management Systems; non-executive Chairman of Estate and General; non-executive director of Regal Petroleum plc; strategic adviser to 2e2 plc; and non-executive chairman of Spiritel plc.
Lord St John has been a crossbench member of the House of Lords since 1979 and was appointed an Extra Lord-in-Waiting to HM The Queen in 1999. He is married, with four children.
Tom Smit, CEO of Waldeck Capital, said, “I am delighted that Lord St John has agreed to join the Global Hospitality Recovery Fund as non-executive Chairman. This first appointment gives an indication of the outstanding and unparalleled expertise that we are assembling to ensure the success of the Fund”.
The Global Hospitality Recovery Fund is currently looking to make its first purchase of a non-performing asset in the luxury hotel market, which it hopes to achieve in either the last quarter of 2009 or the first quarter of 2010.
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