International Public Partnerships has confirmed that Keith Dorrian stepped down as chairman from 31 December on and will not offer himself for re-election at the 2014 annual general meeting.
Mr. Rupert Dorey has been appointed as chairman from today and looks forward to working with the board in his new role.
As a result of these changes, John Whittle has been appointed as chairman of the audit committee as well as the newly-created role of senior independent director. In addition, John Stares has been appointed as risk chairman which comes within a more specifically detailed risk remit for the audit committee.
Mr. Rupert O. Dorey has over 22 years experience in debt capital markets, specialising in credit related products, including derivative instruments. Mr Dorey's experience is principally in the areas of debt distribution, origination and trading, covering all types of debt from investment grade to high yield and distressed debt.
He was at Credit Suisse First Boston for 17 years from 1988 until May 2005, holding a number of positions including fixed income credit product coordinator for European offices and head of UK Credit and Rates Sales. Since leaving CSFB, Mr Dorey is acting in a non-executive directorship capacity for hedge funds and private equity funds. He is the current President of the Guernsey Chamber of Commerce.
International Public Partnerships is a large British investment company dedicated to PFI investments. Established in 2006 as Babcock & Brown Public Partnerships, the company adopted its present name on 25 June 2009. It is a constituent of the FTSE 250 Index.