Litigation funder Vannin Capital has hired Fountain Court Chambers deputy senior clerk Paul Martenstyn as managing director and he will join its London office this October.

Martenstyn has spent the last decade at Fountain Court, joining in 2008 as a clerk before being named to his current role three years later. Prior to joining the set, he worked as a clerk for two years at Serjeants’ Inn Chambers and junior clerk at Hardwicke Chambers.

It is not yet known who will succeed Martenstyn in the role, though the set has a number of prominent cases on currently including the recent expansion of its involvement in Robert Tchenguiz v Grant Thornton LLP & Ors.

Vannin Capital CEO Richard Hextall said: “Having spent more than twenty years immersed in the world of chambers and litigation, Paul has established himself as a highly astute commercial partner.

“His understanding of the litigation landscape and unwavering commitment to support clients will be a tremendous asset to Vannin as we continue to grow our market-leading offering.”

After launching in 2010, the funder established offices in both London and Paris. Vannin now boasts five offices overall with openings in Sydney (2015), New York (2017) and Germany (2018) adding to its initial locations.

Commenting on the move, Martenstyn said: “Vannin is clearly on an upward trajectory, with an excellent reputation in legal finance and an ambitious strategy to capitalise on the continued growth of litigation funding internationally. I very much look forward to contributing to its continued success.”