The Directors of Apax Global Alpha Limited (LON:APAX) announced that, Mr. Karl Sternberg has accepted an invitation to join the Board, as a non-executive Director and a member of its audit committee, with effect from 1 March 2024. Tim Breedon, who has been Chairman of the Company since its Initial Public Offering in 2015, has indicated that he wishes to retire from the Board in 2024, at which point he will have completed nine years in the role. It is intended that Mr. Sternberg will succeed him as Chairman of Apax Global Alpha in the second half of 2024, allowing for an appropriate handover period.

Karl was a founding Partner of Oxford Investment Partners, which was acquired by Towers Watson in 2013. Prior to that, he held a number of positions at Morgan Grenfell/Deutsche Asset Management, including as Chief Investment Officer for Europe, Australia, and Asia Pacific. Karl has significant investment trust experience, and he is currently Chairman of Clipstone Industrial REIT plc, Monks Investment Trust plc and a non-executive director of Herald Investment Trust plc and Jupiter Fund Management plc.