Antares Capital has rounded out its eight-member board by appointing three independent members. Melina Higgins was named independent board chairwoman at the US mid-market lender, while Mark Furlong and Diane Nordin were appointed independent directors.
The Chicago-headquartered lender began forming this board for the first time after coming under the ownership of the Canada Pension Plan Investment Board (CPPIB) in August. Antares was previously owned by General Electric. The rest of the eight-member board is comprised of CPPIB and Antares executives.
Higgins retired as a partner and managing director of Goldman Sachs in 2010. She spent almost 20 years at the US bank, where she was a member of the investment committee of the Principal Investment Area, which approved and oversaw private equity and debt transactions. She was also head of the Americas and co-chairperson of the global investment advisory committee for the GS Mezzanine Partners funds. She was a founding member of these funds, which raised over $30 billion and invested in 100 companies during her tenure.
Furlong most recently served as president and chief executive of BMO Harris Bank, a position he retired from last year. He assumed the role in 2011, when BMO acquired Marshall & Ilsley Corporation. Furlong joined M&I in 2001 and was later appointed chairman and chief executive. Prior to M&I, Furlong held executive roles with Old Kent Financial, H. F. Ahmanson & Company, Deloitte & Touche and KPMG.
Nordin served as a partner of Boston-based asset manager Wellington Management, where she worked for 21 years in a variety of senior roles in the global fixed-income business, eventually retiring in 2011. Nordin’s held a variety of leadership positions in product management and client relationship management at Wellington. She ultimately assumed oversight of Wellington's fixed-income group where she had responsibility for 20 business teams and 130 investors globally.
Antares’ board members from CPPIB are Mark Jenkins, Adam Vigna and Ryan Selwood. Jenkins is a senior managing director and global head of private investments at CPPIB. Vigna is a managing director and head of principal credit investments, while Selwood serves as a managing director on direct private equity investments.
David Brackett and John Martin, the two co-chief executives of Antares, are also members of the board.
“Our new board members understand the mid-market, possess a wealth of knowledge around private equity, asset management and debt markets, and have extensive board experience,” Brackett said in a statement. “We look forward to their insights and contributions.”