Charter Pacific Capital Appoints Executive Chairman
October 17, 2008
Listed investment company Charter Pacific Corporation Limited (ASX:CHF) today announced the appointment of Mr Barry J. Driscoll as Executive Chairman of its wholly-owned subsidiary, the Melbourne-based corporate advisory firm Charter Pacific Capital (CP Capital) which holds AFSL No. 304985.
Mr Driscoll will be responsible for managing the CP Capital business and building its pipeline of new advisory business and capturing new investment opportunities for the Group. CP Capital provides strategic and corporate finance advice to small and mid sized listed and private companies in Australia and overseas.
Mr Driscoll joins CP Capital following thirteen years with The Bank of New York Mellon where he was responsible for their America Depository Receipt Business for Australia and New Zealand. Mr Driscoll will continue his work assisting companies on ADR programs where he will advise and consult to CP Capital clients and depositary banks.
Charter Pacific Corporation has established a long term working relationship with Mr Driscoll over the past ten years as he has worked with the Group in assisting its diverse range of portfolio investment companies to establish themselves in the US capital markets.
Chief Executive Officer of Charter Pacific Corporation Kevin Dart said: "Barry Driscoll is a high calibre addition to the Charter Pacific team and brings significant experience to our corporate advisory business in these challenging financial markets."
"In particular, he has a strong network of contacts and experience in capital markets throughout Australia and New Zealand along with experience and knowledge of listing companies on U.S. exchanges. His experience in identifying businesses that can take advantage of CP Capital's range of corporate advisory services will add real value to the Group."
Mr Driscoll said: "This is an exciting opportunity to work with a boutique corporate advisory firm such as CP Capital at a time when opportunities both in Australia and offshore will increasingly emerge from the financial market crisis. CP Capital clients will benefit from my ADR experience as they seek to gain momentum in the US capital markets. CP Capital is well positioned to capture these advisory opportunities."
Mr Driscoll holds a Diploma of Accounting and is a graduate of the Mt. Eliza Business School obtaining several professional memberships including The Finance and Treasury Association and The Australian Institute of Company Directors.