The Directors, all of whom are non-executive and all of whom are independent of Gresham House Asset Management Limited, are responsible for the determination of the investment policy of the Company and the supervision of the implementation of such policy. The Board currently consists of:
John S. Leggate CBE, FREng, Chairman and Independent Non-executive Director
John is highly experienced as an oil and gas and energy sector executive and is a venture investor in the ‘‘clean tech’’ and digital technologies. In his early career, John worked in the power generation business (coal, oil, nuclear) and then at BP where his breadth of experience covered project management, construction, commissioning and field operations with a focus on the North Sea and Azerbaijan. The last ten years of John’s BP career were spent at corporate executive level in various roles including Group Chief Information Officer, leading significant integration and transformation programmes associated with the BP merging campaign with Amoco, Arco, etc. and the digital transformation of the Corporation; Group wide supply chain management, leading strategic relationship development, significant outsourcing and offshoring agendas to India, China and South Korea; Group wide physical and cyber security and global emergency response; Lead the development of corporate investment activity into the digital enablement of the corporation from trading systems, automated market places, and green energy companies.
Since leaving BP John has been active as a Senior Advisor to ‘‘blue chip’’ global consultants specialising in the areas of energy and digitisation. He is on the board of cyber security firm Global Integrity in Washington DC and advisor to the Board of ACWA International, the largest independent power producer in Saudi Arabia. John is also a Partner with donedeal (Monaco) a boutique financial advisory and M&A house covering strategic reviews, preparation for fund raising and running transactions process. Until recently, John was on the board of the ASX listed Carnegie Clean Energy (for over 6 years) and resigned in December 2017. John also serves on the Enterprise Committee of the Royal Academy of Engineering in London.
Duncan Neale, Audit Committee Chairman and Independent Non-executive Director
Duncan Neale is a CFO & Finance Director with over twenty years of commercial experience working for both publicly listed and privately-owned companies. Duncan is a Fellow of the Institute of Chartered Accountants and qualified with Price Waterhouse in London. Early in his career he was part of the senior management team that turned Corona Energy from a gas trading business into the largest independent supplier of gas to UK businesses. He has been involved in M&A in the power sector, as a CFO of a team bidding for thermal power stations. More recently he spent a couple of years as Finance Director of Belltown Power, an operator of renewable energy sites (covering hydro, solar & wind) which has a portfolio of 215 MW. He is a Trustee and Treasurer of Cambodian Children’s Fund UK.
David Stevenson, Independent Non-Executive Director
David Stevenson is a financial journalist and commentator for a number of leading publications including The Financial Times (the Adventurous Investor), Investment week (The contrarian), Money Week and the Investors Chronicle. He is also executive director of the world’s leading alternative finance news and events service www.altfi.com, which focuses on covering major trends in marketplace lending, crowdfunding and working capital provision for small to medium sized enterprises. David is the author of a number of books on investment including the bestselling book on ETFs and their use within portfolios in Europe for the FT. Before founding AltFi David was a director at successful corporate communications business The Rocket Science Group and before that a senior producer in business and science in BBC TV. He is also a non-executive director on the SQN Secured Income investment trust and the Aurora Investment Trust.
Cathy Pitt, Independent Non-Executive Director
Cathy is a legal adviser who has specialised in the investment company sector for over twenty years. Cathy is currently a partner at CMS, a top 10 global law firm, where she has spent the last five years building up the investment companies practice. Prior to joining CMS, Cathy worked in the Asset Management Practice of another top 10 global law firm for almost 20 years, for eight of which she was a partner. Cathy’s work has encompassed investment fund structuring and fundraisings for domestic and international investment funds. Since September 2018, Cathy has been a member of the Law Society Company Law Committee. She also sits on the Regulatory Committee of LPeC, the industry association for listed private capital funds.