Mr Hersch has been chief financial officer of a high-net-wealth family investment office since 2010.
"The Disbursement Funding Business is complementary but separate from Macquarie Medico Legal (MML), a business that JustKapital acquired in January 2016 for circa $19 million," said a statement by JustKapital.
"MML is an established and growing business that provides law firms with independent medical, psychological and radiology reports for victims of negligence by third parties."
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Ms Diane Jones has also been appointed as JustKapital's chief operations officer and chief financial officer.
