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Burford Capital Appoints Former OnDeck Capital CFO as Chief Financial Officer

May 03, 2021, 08:00 AM

Burford Capital announced the appointment of Kenneth A. Brause as Chief Financial Officer, effective May 3, 2021. Brause will be based in Burford's New York office.

Jim Kilman, Burford's current CFO, was appointed in August 2019 to serve for up to two years, after having previously served as Senior Advisor since 2017. Working with a leading executive search firm, Burford undertook a broad and thorough search for Mr Kilman's successor late last year. After reviewing a number of qualified candidates, Brause emerged clearly as Burford's preferred choice given his deep prior experience in financial operating roles at other listed specialty finance companies. Mr Kilman will spend a three-month transition period with Brause before returning to his Senior Advisor position, in which role he will continue to provide strategic financial counsel to the Company.

Brause, 56, has 35 years of experience in the financial services industry, with a significant focus in specialty finance. Most recently, he was CFO of OnDeck Capital, a New York Stock Exchange-listed specialty lender. Previously, he held a number of executive roles at CIT Group, including serving as Treasurer of its bank and parent company, and, before that, as CFO of its North American Banking business, President of Small Business Lending, and head of Investor Relations. CIT was at the time among the largest specialty finance firms in the United States. Before CIT, Brause held senior roles at American General, the Bank of New York and Bankers Trust. He started his career as a consultant with Booz, Allen, and has a B.S. Economics with concentrations in finance and management from the Wharton School of the University of Pennsylvania and an M.B.A. in accounting and finance from the University of Chicago.

Christopher Bogart, Burford Capital's Chief Executive Officer, commented: "I'm delighted to welcome Ken as Burford's new CFO. With Spencer Stuart's assistance, we conducted an extensive search for our new permanent CFO, and Ken stood out as someone with high quality, career-long specialty finance expertise across a range of strategic and operational roles, including wholesale funding markets. I believe Burford will benefit from his wide range of experience as we continue our growth trajectory and our ongoing expansion of our US capital markets presence."

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