Litigation funder Bentham IMF has recruited Ferrier Hodgson partner Andrew Saker as its new managing director, to replace company founder Hugh McLernon.
Mr Saker, who has 26 years’ experience at the insolvency firm, will take up his new role in January next year.
Mr McLernon will retire from the board at that time, but will stay with the company on a full-time basis and be involved in case management and special projects.
Mr McLernon led the establishment and listing of the company – originally known as IMF (Australia) - on the ASX in 2001
He became a partner in the Perth practice in 1998 and has subsequently worked on high-profile insolvencies including Sons of Gwalia, Great Southern and Forge Group.
It has 31 insolvency staff and 39 total staff, putting it just ahead of KordaMentha.