Corporate Governance
All strategic and significant decisions of the company are taken by the full board of directors, which meets regularly.
For the purposes of deciding the remuneration of the Chief Executive, the Chairman and the non executives are the only individuals present at the appropriate meeting.
Board of Directors
Colin Barrow
Executive Chairman
Colin is a veteran of the Hedge Fund industry having been managing director of ED&F Man's (Now Man Group plc) funds division. Colin was responsible for the design and growth of the ED&F Man managed funds business from inception to flotation in 1994. He was involved in purchasing both the Mint and AHL futures management businesses, the latter still forming the core of the Man business. In 1996 Colin became Chairman of Sabre Fund Management, a post he held until December 2005. Colin has also served as Chairman of the Improvement and Development Agency for Local Government. In May 2002 he was elected to Westminster City Council where he has been leader since May 2008.
Nicola Meaden Grenham
Chief Executive Officer
Nicola Meaden, Ph.D is the co-founder of Dumas Capital Limited, a specialist Investment Adviser authorised by the Financial Regulator in Ireland.
From 2001 until end 2003 Nicola was Managing Director and a member of the investment committee with the Blackstone Group Inc. where she was responsible for establishing and managing the development of the group's fund of hedge fund activities outside the United States.
In 1990, Nicola founded TASS Research (TASS) which became one of the market's leading information and research and advisory companies specialising in hedge funds. In 2001 TASS (by then merged with Tremont) was bought by Oppenheimer Funds Inc.
Nicola has a Ph.D in Political Science from Trinity College, Dublin. Her thesis is entitled:
The Politics of Financial Regulation: Reform and Design in a Footloose World. She is the co-author of two books published by Prentice Hall: Derivative Markets & Investment Management, and Futures Fund Management; she has been a columnist for Forbes Global Magazine.
Christopher (Kit) Malthouse
Finance Director
A chartered accountant, Kit has spent most of his career in structured finance, initially working with a property developer devising strategies and structures to maximise tax advantages in regeneration-led development and the transfer of this benefit to investors. In parallel, Kit was a founder director of County Asset Finance Limited, an equipment leasing business, and in 2001 he led the management buyout of this business. Kit was elected to Westminster City Council in 1998 and within three years had become Deputy Leader and Cabinet member for Finance. In this role he had operational responsibility for a gross budget of £825 million and over 4,500 employees, producing one of the lowest levels of council tax in the country. In May 2008 Kit was appointed Deputy Mayor of London, with responsibility for policing.
Colin Clark
Non-Executive Director
Colin joined Mercury Asset Management ("MAM") in 1981 when it was a division of S.G. Warburg. During a successful 21 year career he managed UK equity portfolios for institutional clients and rose to become responsible for the marketing of MAM's products into the US institutional market from New York. On his return to London he was appointed head of UK institutional marketing and subsequently Head of Global Sales and Marketing for MAM, a key position in a small senior management team, when MAM was an independent company, and a member of the FTSE 100. In 1997, following their acquisition of MAM, Colin held the positions of Head of Global Sales and Marketing for Merrill Lynch Mercury Asset Management and following the creation of Merrill Lynch Investment Managers, was Head of Global Marketing.
Colin is a Non-Executive Director of Standard Life Investments, a Non-Executive Director of The Royal Marsden NHS Foundation Trust, a Partner of the advisory firm Barchester Group and a founder shareholder of Notting Hill Preparatory School.