VPC Specialty Lending (VSL) has appointed Deloitte veteran Oliver Grundy as a non-executive director and chair of the company’s audit and valuation committee.
Grundy will join the alternative finance-focused fund on 12 March 2021, after the fund’s annual report and accounts for 2020 have been published.
Clive Peggram – the current chair of the audit and valuation committee – will remain on the board as an independent non-executive director.
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Grundy spent 28 years as an audit partner of Deloitte before his retirement in November 2019. Between 2017 and 2019 he was the Deloitte UK ethics partner, with responsibility for all whistleblowing and conduct matters.
He has also held a number of roles at the Institute of Chartered Accountants of England & Wales (ICAEW).
In a note to investors, VSL said that given the impending retirement of VSL chairman Kevin Ingram, the board determined that it was appropriate to recruit a qualified accountant with knowledge of the financial services sector and of credit.
“We are delighted Oliver is joining the board,” said Ingram.
“He brings valuable expertise from the many years he spent in charge of the audits of numerous financial institutions and funds, as well as deep knowledge of complex accounting and disclosure requirements.
“He also has extensive experience of a wide range of governance matters from his roles at Deloitte and the ICAEW.
“The board is grateful to Clive for his service as chair of the audit and valuations committee and pleased that he will continue to make a contribution as an independent non-executive director.”
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