The Company has an outstanding, experienced non-executive Board comprising four Independent Directors and three directors from the Investment Advisor, Prestbury Investments. The Directors have a wealth of experience in real estate, corporate finance, tax and capital markets. The Board is chaired by Martin Moore, together with Leslie Ferrar, Jonathan Lane and Ian Marcus as Independent Directors.
Further information about the board, including the expertise and experience of the Independent Directors is below.
(Independent Non-Executive Chairman)
Martin Moore, 61, MRICS, is a Chartered Surveyor who served as CEO of M&G Real Estate Limited (previously Prudential Property Investment Managers Limited) from 1996 to 2012. During that time, he ran the team and was responsible for setting strategy that grew the business in the UK and led to the establishment of platforms in North America, Continental Europe and Asia. He retired as Chairman of M&G Real Estate in 2013. He is a senior adviser to KKR and an independent Non-Executive director of Segro Plc and F&C Commercial Property Trust Ltd. He is also a Commissioner of English Heritage and a Trustee of the Guildhall School Trust. He is a past President and board member of the British Property Federation, a past Chairman of the Investment Property Forum and was a Commissioner of The Crown Estate for eight years to 2011
Mike Brown, 57, BSc (Land Man) MRICS, is Chief Executive Officer of Prestbury Investments LLP, Investment Adviser to the Group. A Chartered Surveyor with over 30 years’ experience, he joined Prestbury in 2009 at the time of the flotation of Max Property Group Plc, a limited life opportunity fund which was sold to Blackstone in August 2014. Previously he was Deputy Chief Executive of Helical Bar Plc with responsibility for all their investment and trading activities from 1998 to 2009 and a Director of Threadneedle Property Fund Managers, running their largest property fund from 1992-1998. Mike is also Chairman of the Property Advisory Committee to Weybourne Partners.
(Independent Non-Executive Director, Audit Committee Chair)
Leslie Ferrar, 62, CVO, FCA, BSc, is Non-Executive Chairman of The Risk Advisory Group, a Non-Executive member of the HMRC Risk and Audit Committee and a member of the Audit Committee for the Sovereign Grant. A qualified Chartered Accountant, she trained at KPMG where she was appointed partner in 1988, a position she held for 17 years. During that time she led the firm’s international expatriate practice and was a member of the international board that ran the global tax practice. Leslie is also a Trustee of the Diocese of Westminster and served as Treasurer to TRH The Prince of Wales and Duchess of Cornwall from January 2005 to July 2012.
Sandy Gumm, 51, BEc, CA (ANZ) is an Australian-qualified Chartered Accountant and Chief Operating Officer of Prestbury Investments LLP, Investment Adviser to the Group. She trained at KPMG in Sydney and worked for nine years at KPMG in Sydney and London before becoming Group Financial Controller of Burford Holdings Plc in 1995. She was appointed Finance Director at the time that Prestbury Group Plc was established in 1997 and became its Chief Operating Officer in 2007.
(Independent Non-Executive Director, Chairman of the Nominations Committee)
Jonathan Lane, 59, MA, is a Senior Adviser to Morgan Stanley and Chairman of EMEA Real Estate Investment Banking (“REIB”). He joined Morgan Stanley in 1999 where he served as Managing Director and co-head of REIB. Jonathan is a Non-Executive director of Grosvenor Europe and is on the Advisory Board of Resolution Real Estate Advisors LLP. He is a Director and Trustee of the Tenebrae Choir, a member of the Policy Committee of the British Property Federation, a member of the Bank of England’s Commercial Property Forum and was formerly a member of the UK Government’s Property Unit Advisory Panel. He was a Non-Executive Director of Songbird Estates Plc between 2008 and 2015. He holds a masters degree in Biochemistry from the University of Oxford and is a member of the Advisory Board of the University’s Oxford Programme for the Future of Cities.
Nick Leslau, 58, BSc (Hons) Est Man, FRICS, is Chairman of Prestbury Investments LLP, Investment Adviser to the Group. He is a Chartered Surveyor who has been Chairman and Chief Executive of Prestbury Investment Holdings Limited since it commenced business in 2000 and Chairman of Prestbury Investments LLP since its establishment in 2006. He was Chief Executive of Burford Holdings Plc for approximately ten years up to 1997 and Group Chairman and Chief Executive of Prestbury Group Plc from 2008. He has sat on many quoted and unquoted company boards including, most recently, Max Property Group Plc, and is a Member of the Bank of England Property Forum.
(Independent Non-Executive Director, Senior Independent Director, Chairman of the Remuneration Committee)
Ian Marcus, 58, MA, FRICS, is a former Chairman of the Bank of England’s Commercial Property Forum, a member of the Real Estate Advisory Board of the Department of Land Economy at the University of Cambridge, a Senior Adviser to Eastdil Secured and Wells Fargo Securities, former Chairman of The Prince’s Regeneration Trust and a member of Redevco’s Advisory Board. He is the Senior Non-Executive Director of The Crown Estate and a Non-Executive Director of Town Centre Securities Plc. Formerly Managing Director and Chairman of the European Real Estate Investment Banking division of Credit Suisse, he is a past president of the British Property Federation and a past Chairman of the Investment Property Forum.