TruFin plc
TRU:LN
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Overview
Company Profile
TruFin is the holding company of an operating group comprising two growth-focused businesses operating in two niche lending markets: invoice finance and dynamic discounting. The TruFin Group was established through a series of acquisitions and investments by Arrowgrass Master Fund Ltd between 2014 and 2017. The TruFin Group currently has over 100 employees, based predominantly in the UK and with a small team in the US.
The TruFin Group currently operates four separate businesses, each with a seasoned operational management team: Satago (invoice finance), Oxygen Finance (dynamic discounting), Vertus (IFA succession planning) and PlayStack (mobile games publisher and financier).
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Financials
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Corporate
Board of Directors
James van den Bergh
Chief Executive Officer
James possesses over 16 years of investment banking and capital markets experience. James led the alternative finance team at Arrowgrass Capital Partners since its inception in 2013 until late 2017. James began his career at Merrill Lynch before transitioning into investment management in 2003. James was formerly a partner at SAC Capital Advisors, Walter Capital Management LLP and Ivaldi Capital LLP. James is a CFA Charterholder
Steve Baldwin
Non-Executive Chairman
Steve has an extensive corporate finance background and is currently a non-executive director at The Edinburgh Investment Trust plc, Plus500 Limited and Wings Holdings Limited. He is also a trustee of Howard de Walden Estate Limited. Steve was the head of European equity capital markets and corporate broking at Macquarie Capital until February 2015. Prior to this, Steve was a director of corporate finance at JPMorgan Cazenove for 10 years and was a vice president of corporate finance at UBS from 1995 to 1998. He is a qualified Chartered Accountant. Steve serves as the chair of the nomination committee and is a member of the remuneration committee and audit committee.
Penny Judd
Senior Independent Non-Executive Director
Penny has over 30 years of experience in compliance, regulation, corporate finance and audit and is currently a non-executive director, senior independent director and chair of the audit committee of AIM-listed Alpha Financial Management Consulting. She is also a non-executive director and chair of the audit committee of AIM-listed Team17 plc and LendInvest plc. Penny started her career at KPMG, qualifying as a chartered accountant and specialising in audit and corporate finance, before joining the London Stock Exchange where she was head of equity markets at the UKLA. She then moved to Cazenove & Co as a corporate financier and was a consultant at the London Investment Banking Association before moving into a career in compliance. Penny was a managing director and EMEA head of compliance firstly for UBS Limited and then Nomura International plc before pursuing her current portfolio career. Penny serves as the chair of the audit committee and is a member of the nomination committee and remuneration committee.
Paul Dentskevich
Independent Non-Executive Director
Paul has over 30 years of financial services experience, specialising in risk management, investment management and corporate governance for hedge and other multi-asset funds. Paul is currently risk director at Crestbridge and chair of the risk committee at Abrdn. Prior to this, Paul was a member of the manager’s investment committee at Brevan Howard, from 2008 to 2015. His ongoing non-executive roles include directorships at Signal Credit GP Limited, Signal Alpha II CP Limited and CloverTree Opportunities Fund Limited. Paul has a PhD in Economics from Imperial College London. Paul serves as the chair of the remuneration committee and is a member of the audit committee and nomination committee.
Anders Wilhelmsen
Non-Executive Director
Anders is an investment professional and the nominated non-executive representative of TruFin's major shareholder, Watrium. Anders currently serves on several boards within the Watrium portfolio, including private equity firm, HitecVision and health-tech company, Sensio. He holds an MA Honours in Financial Economics from the University of St Andrews, and an MBA from INSEAD.