Vale Ray Horsburgh

Arbitrium Capital has honoured its chair, Ray Horsburgh, following his sudden passing last week.

"Ray was a titan of the Australian corporate world and was revered by many," the fund said,

"Ray's contributions to Arbitrium have been immense. His credentials and vast corporate experience boosted the Arbitrium team profile which will be hard to replace."

During his career, Horshburgh served as chairman of Toll Holdings, Calibre Global and Essendon Football Club and AFL Victoria.
He is also a former chief executive of Smorgon Steel and Australian Consolidated Industries Glass Group, a non-executive director at Pact Ltd, Traffic Technologies and President of Rotary Club of Williamstown.

Harvey Kalman, the acting chair of Arbitrium, called Horsburgh a gentleman and a great mentor.

"He showed great support of Arbtrium and his counsel will be sorely missed."

Horsburgh was awarded an Order of Australia for his service to the steel industry and service to disadvantaged youth.