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Hipgnosis Track Administration (HSM), the funding adviser based and run by Merck Mercuriadis, has made two vital appointments in its government management.
Daniel Pounder has been appointed Chief Monetary Officer of HSM, whereas Jonathan Baker has been appointed to the newly-created position of Normal Counsel.
HSM presently providers two shoppers: the Blackstone-backed non-public fund, Hipgnosis Songs Capital, and the UK-listed Hipgnosis Songs Fund.
In his new position, Pounder will oversee Finance and Funding capabilities for HSM and the groups that ship these providers to Hipgnosis Songs Fund and Hipgnosis Songs Capital.
Pounder has over 20 years of expertise in accountancy and music finance, together with senior government roles at BMG, Viacom, Well-known Music and Sony Music Publishing.
He accomplished his accountancy coaching with Deloitte and was admitted into the Institute of Chartered Accountants in England and Wales in 2003. He was subsequently admitted as a Fellow in 2013.
Pounder succeeds Chris Helm at HSM. Helm has been Chief Monetary Officer on behalf of Hipgnosis Songs Fund Restricted since its launch in 2018.
HSM says Helm is leaving to launch a brand new enterprise early subsequent yr, and can work intently with Pounder on a handover course of at HSM which can be accomplished by the top of the yr.
As Normal Counsel of HSM, Jonathan Baker will oversee authorized elements of catalog acquisitions and day-to-day music authorized and enterprise affairs carried out on behalf of Hipgnosis Songs Fund and Hipgnosis Songs Capital.
Moreover, he can be accountable for governance and compliance issues for Hipgnosis and supporting HSM’s fund shoppers on this regard.
Baker will work intently with Hipgnosis’ exterior counsel, together with Invoice Leibowitz.
Baker has virtually 20 years of authorized expertise, together with over a decade centered on the music trade throughout each publishing and recorded music rights. He joins HSM from BMG, the place he has been Normal Counsel UK and EVP Authorized and Enterprise Affairs Worldwide.
Previous to becoming a member of BMG in 2012, he labored at Simkins, the media and leisure agency. Jon studied regulation on the College of Warwick.
Commenting on the appointments, Merck Mercuriadis, CEO and founding father of Hipgnosis Track Administration, stated: “It’s all the time a precedence for me to repeatedly strengthen our government management staff to make sure we have now the perfect institutional funding, finance and music capabilities and expertise to ship the following stage of improvement for Hipgnosis and our funds.
“It’s all the time a precedence for me to repeatedly strengthen our government management staff to make sure we have now the perfect institutional funding, finance and music capabilities and expertise to ship the following stage of improvement for Hipgnosis and our funds.”
Merck Mercuriadis, Hipgnosis Track Administration
“This was the case beginning with the appointment of Ben Katovsky as President and Chief Working Officer one yr in the past and we’re delighted to welcome Dan and Jon to spherical out this course of, notably as this group of leaders have a confirmed profitable chemistry of working collectively.
“Dan’s intensive expertise and experience in international music finance, skill to leverage information and know-how and confirmed monitor report in supporting and enabling rising companies can be of great worth to HSM and our fund shoppers as we work to additional institutionalise the reporting and
rigour of the tune asset class.
“Likewise, Jon’s expertise and experience in international music authorized affairs will help our funds whereas permitting us to prioritise accountable governance and compliance for Hipgnosis.”
Commenting on the appointments, Ben Katovsky President and Chief Working Officer of Hipgnosis Track Administration stated: “I’m delighted to be working with Jon and Dan once more.
“Each are distinctive executives who’ve a confirmed and extremely profitable monitor report in music acquisition, effectively and successfully rising music companies and making certain that music catalogues benefit from the lasting success that they warrant and deserve.
“To have the ability to faucet into Dan and Jon’s experience and expertise can be invaluable to HSM as we search to ship distinctive service to our fund shoppers.”
Hipgnosis Songs Capital (HSC) was launched in late 2021 with over $1 billion in backing from Blackstone. It has to this point acquired tune catalogs/earnings streams related to artists/writers together with Justin Bieber, Leonard Cohen, Justin Timberlake, Nelly Furtado, and Kenny Chesney.
Blackstone can be an investor in Hipgnosis Track Administration (HSM).
Hipgnosis Songs Fund (HSF) trades on the London Inventory Trade and owns a portfolio of catalogs which have been valued at over USD $2.3 billion.
Earlier this week, HSF confirmed that Rob Naylor was becoming a member of its board as Chairman. Francis Keeling has additionally joined the HSF board as a non-exec director.Music Enterprise Worldwide
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