Board of Directors

Rory Patrick Macnamara

Non-Executive Director & Chairman

Rory Macnamara qualified as a Chartered Accountant with Price Waterhouse and worked at Morgan Grenfell for 17 years. He was a Director in Corporate Finance, head of mergers and acquisitions and Vice Chairman of Morgan Grenfell & Co Ltd. In 1999, he joined Lehman Brothers, where he was a Managing Director in UK investment banking until 2001.  He currently acts as a corporate consultant and is Chairman of Izodia PLC and Essenden PLC, and a Director of Private Equity Investor PLC, Dunedin Income Growth Investment Trust PLC and Augean Plc.

 

Patrick Rupert Cottrell

Non-Executive Director

Rupert Cottrell is a resident of the Isle of Man and former Chairman of the Supervisory Board of A.S. Magnum Medical (a pan-Baltic pharmaceutical group). He was also a Director of New European Investments Limited (a closed private investment fund targeting Eastern European companies).  As a consequence, Rupert has developed extensive relationships within CEE which are of benefit to the Company. He is a former Director of the AIM quoted PFI Infrastructure Company PLC recently taken over by 2i. Currently he is Chairman of the main market listed Infrastructure India PLC and a Director of a modest number of private property and Infrastructure related companies.

 

Philip Peter Scales

Non-Executive Director

Philip Scales is Managing Director of IOMA Fund and Investment Management Limited, part of the Isle of Man Assurance Group. IOMAFIM specialises in the provision of third party fund administration and investment management services. Prior to this, Philip spent nearly 18 years as Managing Director of Northern Trust International Fund Administration Services (Isle of Man) Limited (formerly Barings (Isle of Man) Limited). He has over 30 years’ experience in working offshore, primarily in corporate and mutual fund administration and currently holds a number of directorships of listed companies. Philip is a Fellow of the Institute of Chartered Secretaries and Administrators.