The Board is responsible for the effective stewardship of the Company’s affairs, including corporate strategy, corporate governance, risk assessment and overall investment policy. It provides overall leadership, sets out the strategic aims of the Company and ensures that the necessary resources are in place for the Company to meet its objective and fulfil its obligations to shareholders within a framework of high standards of corporate governance and effective internal controls.
Chairman of the Board*, the Nomination Committee, Insider Committee and Management Engagement Committee Appointed: 12 February 2014
Simon has many years of experience of managing investment companies and trusts. He is currently Chief Investment Officer of Vermeer Partners, a private wealth management company. Following a career in stockbroking, Simon joined Gartmore Fund Managers in 1994 and in 2000, he became a Senior Investment Manager on Gartmore’s UK Equities team. He established, managed and co-managed a series of funds including the Gartmore UK Focus Fund, the Alphagen Avior Hedge Fund and the Alphagen Octanis Hedge Fund. From 2009 to 2012, Simon worked at Premier Asset Management where he managed UK unit trusts. Simon was also previously a part time Director at Numis Asset Management. Simon brings a wealth of experience in the areas of fund management, regulation and adherence to investment mandates.
Chairman of the Audit Committee Appointed: 12 February 2014
Michael has had over 40 years’ experience as a qualified lawyer, principally engaged in investment work for a large pension fund and most recently as a consultant to DLA Piper. He had a career in City Local Government, with senior roles at Guildhall including Leader of the Council and Planning Chairman, and also the Museum of London and Property Investment Board. He has also been a non-executive director of British Land and Crossrail and is currently the Chairman of Ebbsfleet Urban Development Corporation. He was awarded CBE in 2004 for services to the City of London.
Chair of the Remuneration Committee and Senior Independent Director** Appointed: 10 June 2016
Mahnaz was Head of Markets, Europe and America at Australia and New Zealand Bank Group. She was also previously Managing Director of Citi EMEA Banking, having joined in 2013 after 19 years at UBS, where she co-headed the EMEA Debt Capital Markets business, leading a team responsible for bond and loan origination, securitisation, liability management, derivatives and pension risk management. She was chosen as one of Financial News’ Top 100 Women in Finance in 2010, 2013 and 2015. Mahnaz has previously served on the British Business Bank’s investment committee, which provides capital to non-traditional SME loan providers, including peer-to-peer platforms. She has co-chaired UBS and Citi’s women’s leadership executive committees. Mahnaz holds a PhD in engineering from Imperial College and is a member of the Council of Imperial College.
* Simon King was appointed as Chairman of the Board, with effect from 1 January 2020 following Stuart Cruickshank’s retirement.
** Mahnaz Safa was appointed as Senior Independent director following Simon King’s appointment as Chairman, with effect from 1 January 2020