Mr. Nathaniel Rothschild is Vice Chairman of Atticus Capital, the New-York based alternative investment firm with over $5.5bn under management, and son of Lord Jacob Rothschild, the senior member of the English Rothschild Family. Mr. Slager is a Senior Managing Director of Atticus and the Portfolio Manager of the Atticus European Fund.
Mr. Rothschild and Mr. Slager will use their experience and relationships within the banking community to drive Cardisâ business development initiatives. They will also have a particular role to play in the preparation of the company for a possible initial public offering, currently being considered for 2006.
Nebo Djurdjevic, Executive Vice President at Cardis said, "Because of Nat and Davidâs broad experience in the banking industry we view this as a strategic investment for Cardis. It represents further recognition of our value proposition and progress in the market place." Mr. Djurdjevic continued, "Nat and Davidâs investment and involvement come at a particularly propitious time for Cardis both because of developments in the micropayments business and because of the companyâs plans for an initial public offering in the future."
Commenting on the announcement, Mr. Rothschild said, "David and I are pleased to have had this opportunity to become part of the Cardis success story. We have watched its early development with considerable interest and have seen that it has become a real leader in the fast growing micropayments industry. We are confident that this next stage in the companyâs development will bring accelerated further growth."