Omni Bridgeway announces new appointments in Australia

Omni Bridgeway announced new appointments to its Investment Committee and Investment Management team in Australia. Michelle Painter SC joins Omni Bridgeway’s Investment Committee, the decision-making body responsible for selecting the group’s investments. Grant Covington, Philippa Briggs and Chris Lisica join the Australian team as Investment Managers in Sydney.

Tania Sulan, Managing Director and Chief Investment Officer (Australia and New Zealand) said: “We are delighted to welcome these wonderful new colleagues to our expert team. Omni Bridgeway is a founder of the dispute finance industry in Australia and the largest dispute finance team in Australia and around the world. The macro economic landscape, implications from the pandemic, and increasing appetite for dispute finance amongst corporate clients, are generating exciting opportunities for our expanding team.”

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Litigation Funders Expect More Class Actions as Australia’s Government Relaxes Rules

Plans by Australia’s recently elected Labor government to reinstate a financial services licensing exemption for litigation funders could lead to an upswing in class action funding. Andrew Saker, chief executive of litigation funder Omni Bridgeway, one of the few funders to have an Australian Financial Services Licence, said the government’s proposed changes will create a more conducive environment for litigation funders to work in the class action environment.

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