Distressed debt and special situations specialists Arbitrium Capital Partners has appointed Ray Horsburgh, AM as Chair of the firm’s Board, and brought Marc Fisher on as an independent member of the Investment Committee. Co-founder Daniel Liptak said the firm was thrilled to have Mr Horsburgh join the team. “Ray is a deeply experienced and skilful Chair who has headed boards and executive roles at companies including Toll Holdings, Smorgon Steel and CSR.