Board of Directors

Rory Macnamara

Non-Executive Chairman

Rory Macnamara qualified as a chartered accountant with PricewaterhouseCoopers LLP 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 Investors Plc, Dunedin Income Growth Investment Trust PLC and Augean Plc.

 

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 the CEE which are of benefit to the Company. He was a former director of the AIM quoted PFI Infrastructure Company PLC recently taken over by 2i. Currently he is deputy chairman of the AIM listed Infrastructure India PLC and a director of a modest number of private property and infrastructure related companies.

 

Philip Scales

Non-Executive Director and Company Secretary

Philip Scales is managing director of IOMA Fund and Investment Management Ltd (“IOMAFIM”), 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) Ltd (formerly Barings (Isle of Man) Ltd). He has over 30 years’ experience of 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.