Legacy acquirer DARAG has appointed James Halley as group CFO as part of its ongoing strategic upscaling.
The appointment, which is effective 3 September pending regulatory approval, follows the appointment of Tom Booth as CEO and the completion of a 260 million capital raise, which saw Aleph Capital Partners and Crestview Partners join as strategic backers.
Halley, who has 30 years’ of finance and accountancy experience, replaces Mike Trotman, whose role was to deliver the recent fundraise.
Halley’s most recent role was as finance director of AEGIS London.
His previous roles also include group finance director for AXA Ireland, insurance and finances services partner at Arthur Andersen, and as a chartered accountant at Ernst & Young Ireland.
Booth described the arrival of Halley as a “milestone”.
He said: “His expertise in the insurance market will prove invaluable as we continue to develop DARAG into the leading, global firm it is now well-placed to be.”
"DARAG has set on a path of global growth, building on our strong continental European roots and setting our sights on expanding in the US and beyond.”
“The recent capital raise has added significant scale to our business, and we are determined to deliver exceptional value to all our stakeholders and counterparties.”
Booth added: “I would like to thank Mike Trotman for his exceptional work helping secure the recent equity investment.”
Halley said he was excited to work with the team and to achieve their ambitious goals.
He commented: “DARAG’s development over the past year has been impressive, and the scale and scope provided by the recent capital raise will secure DARAG’s position as a leading legacy provider.”
