ICG, the global alternative asset manager, today announces that Vijay Bharadia, CFOO of the Company, has informed the Board that he intends to step down from his current role following the Company’s Annual General Meeting (“AGM”) in July 2023.
Mr Bharadia will be succeeded by David Bicarregui who was until 2022 a partner at Goldman Sachs. Mr Bicarregui will join the Group with effect from 2 April 2023 to allow for an effective handover and is expected to join the Group Board with responsibility for Group finance and operational functions. He will stand for shareholder election as a Director of the Company at the AGM in July 2023. His appointment is subject to FCA approval.
Mr Bharadia has served ICG since May 2019, providing leadership to the Group’s finance and operational functions throughout a period of sustained growth and success. The Board is grateful for his considerable contributions to the strength of ICG’s business.
Mr Bicarregui has spent his entire 25-year career to date with Goldman Sachs where he held various senior roles, most recently as Chief Financial Officer of Goldman Sachs International Bank and prior to this as Global-ex North America Treasurer. During his tenure, he led the growth of Goldman Sachs International Bank to become the largest of the firm’s banks outside of North America. He brings significant experience in finance and operational leadership, transformation and business growth.