The Westaim Corporation Announces Leadership Transition at Arena Investors Group Holdings, LLC

The Westaim Corporation (“Westaim” or the “Company”) today announced the appointment of Andrew Rabinowitz as Chief Executive Officer of Arena Investors Group Holdings, LLC (“Arena”) and its subsidiaries with immediate effect, in addition to his current roles, including as President, at Arena. Westaim also announced the departure of Daniel Zwirn from Arena.

Mr. Rabinowitz joined Arena in December 2025. He has more than 30 years of success in the asset management industry and joined Arena from alternative asset manager 26North, where he served as a Senior Partner overseeing the firm's Enterprise Solutions team and serving on the firm’s Management Committee and as a board member of its insurance affiliates, amongst other responsibilities. Prior to that, Mr. Rabinowitz served as Co-CEO at K2 Integrity, a global risk and consulting advisory firm. Earlier in his career, Mr. Rabinowitz spent nearly 20 years in leadership roles at Marathon Asset Management, including President, where he helped grow the firm's assets under management from approximately $250 million to more than $24 billion. Mr. Rabinowitz is also the Co-Founder and Co-President of R Baby Foundation, which he founded with his wife over 17 years ago, and which now works with over 1,200 hospitals around the world to improve medical care for over 13 million babies and children.