LONDON — International Film Guarantors, the leading L.A.-based completion bond company, has beefed up its London office, appointing Luke Randolph managing director.
IFG is planning a concerted effort to expand its share of the completion bond business in Europe, where Film Finances has long been the dominant player.
Randolph is a veteran British production executive who has worked at Enigma Prods., Umbrella Films and Allied Stars.
As managing director of IFG’s U.K. subsidiary, he will report jointly to company president and chief operating officer Steven Mangel and exec VP of production Joan Weidman.
Wants piece of pie
“There’s a consistently good level of production in Europe now, but we feel we’ve not optimized our share of that,” said Randolph.
IFG is a partnership between Near North National Group and Fireman’s Fund, backed by $12 billion of assets. The company has written more than $3 billion in completion bonds over the past five years.
“By expanding our staff of experienced production executives,” Near North chairman Mike Segal commented, “we will be offering British and European producers the very best in completion bond services.”
Malcolm Burgess, who has been the face of IFG in the U.K. for the past few years, will continue to work as a full-time consultant to the company.
Current Euro projects bonded by IFG include Working Title’s “The Man Who Cried,” Universal’s “Guest House Paradiso” and Channel 4’s “Cinderella.”