investors burford: Muddy Waters, a San Francisco-based hedge fund, said the pair's relationship posed a conflict of interest and should alarm investors, according to The Guardian. Burford said on Thursday Concern has been raised about the fact that Burford's CEO and chief financial officer are married. Burford, which specialises in funding lawsuits in exchange for a cut of the settlements, has faced criticism over the fact that its chief financial officer, Elizabeth O'Connell, is married to the chief executive, Christopher Bogart. We believe that concern is unjustified given Burford's control structure and ignores Burford's finance and accounting structure. O'Connell will now serve in the lower-tier role of chief strategy officer. Nevertheless it is clear that investors would prefer an alternative CFO. O'Connell, appointed in 2017, has been replaced by Jim Kilman, a former Morgan Stanley investment banker.
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