VerticalScope Holdings Inc. announced a number of changes to its board of directors. Pursuant to an arbitration award (the “Arbitration Award”) involving NordStar Capital LP (“NordStar”), Paul Rivett, the former Chair of the Board and nominee of NordStar, has resigned from the Board. Marina Glogovac, a former employee in the NordStar group, has also resigned from the Board.

Philip Evershed has been appointed to the Board to replace Mr. Rivett as NordStar's nominee, in accordance with its rights under the investor rights agreement (the “IRA”) entered into with the Company in connection with its initial public offering. Rob Laidlaw, the founder and CEO of VerticalScope, has been appointed as Chair of the Board and Wayne Bigby has been appointed as Lead Independent Director. Mr. Evershed is a Managing Partner at PointNorth Capital, an advisory and investment management company focused on non-bank credit opportunities.

Mr. Evershed was formerly the Co-Head of Investment Banking and Head of Mergers and Acquisitions at CIBC World Markets and a co-founder and Global Head of Investment Banking at Canaccord Genuity. Mr. Evershed received an M.A. (Economics) from the University of Toronto in 1985 and an Honours B.A. (School of Business and Economics) from Wilfrid Laurier University in 1983.