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Carne Global Financial Services Limited Fund Directorships

Directorship july 201

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Page 1: Directorship july 201

Carne Global Financial Services Limited

Fund Directorships

Page 2: Directorship july 201

Code of Conductfor Independent Directors

Carne Directors follow a Code of Conduct which outlines our structure for good corporate governance application, compliance, and industry best practice.

BEST PRACTICE

Carne Directors will act in accordance with best practice guidelines relating to corporate governance, such as those established by AIMA, the Hedge Fund Standards Board, Irish Funds Industry Association, CSSF (Luxembourg) and the President’s Working Group.

CONFLICTS OF INTEREST

Carne Directors seek to avoid conduct that could reasonably be construed as creating a potential or actual conflict of interest. In addition, no Carne Director will take on more than 30 commercial relationships in the course of their duties.

CONFIDENTIALITy

Carne Directors will not disclose any non-public client-related information obtained as a consequence of their directorship unless permission to disclose such information is granted.

USE OF CORPORATE INFORMATION

Carne Directors will not compete with clients.

FAIR DEALING

Carne Directors will deal fairly and not take advantage of clients.

FIDUCIARy RESPONSIBILITIES

Carne Directors will represent the interests of shareholders.

LEGAL AND REGULATORy COMPLIANCE

Carne Directors act in strict compliance with all applicable laws, rules and regulations.

Page 3: Directorship july 201

Carne Directors are fund industry professionals, all of whom have in-depth knowledge, expertise and lengthy track records within the asset management industry. Working with a wide range of investment funds, our directors are on hand to provide support and guidance to the boards on which they serve.

As independent directors, Carne Directors' fiduciary responsibilities include acting in the best interests of shareholders, managing conflicts of interest that may arise, and making informed decisions when differences of opinion need to be resolved.

Carne Directors are equipped to work in a holistic fashion with other key fund stakeholders, such as investment managers, legal counsel, administrators, custodians, prime brokers, auditors and distributors.

Carne Directors are part of Carne Global Financial Services group ("Carne"), the global leader in fund governance. Carne is an international firm, with offices in the major fund centers and with considerable depth of expertise and knowledge. Carne delivers tailored business solutions to global asset management clients, specialising in governance and oversight.

Why clients select Carne Directors

Investors need assurance now more than ever; they are becoming increasingly focused on the numbers of directorships held and the role of independent directors on fund boards. According to our own research of top institutional global hedge fund allocators, 80% of investors have decided at some point against investing in funds because of overall governance concerns.

Over 90% told us that governance of fund boards is now much more important to them and is their top priority. The role of the seasoned independent director is more critical than ever.

Fund managers choose Carne because of our recognised reserve of knowledge of the asset management industry. Carne Directors are appointed on the strength of their considerable industry track record, their asset management industry expertise, and their integrity as individuals.

Institutional Investors know Carne and feel more assured when Carne Directors are on their boards.

A Carne director on a board brings with them a number of key advantages for the fund:

1. Investor Assurance and Added Value

Investor due diligence around governance becomes easier because institutional investors know Carne and its governance principles and standards. This gives them more comfort and assurance. Carne has a wealth of relevant experience that our clients can draw on to assist them with their asset management businesses and investment products. Collectively Carne Directors have a deep pool of knowledge on a range of critical issues, including product structuring and development, compliance and risk.

2. Reduce Risk

Carne Directors have long and respected track records in the asset management industry, supporting clients in identifying, managing and controlling risks. Our directors encourage the application of a risk-based corporate governance approach, giving investors an additional degree of assurance.

3. Independent and Limited Number of Directorships

Carne Directors are limited in the number of investment manager relationships they can enter into. We do not believe you can commoditise the role of an independent director without compromising on that director's effectiveness. Every fund is unique and requires the directors to attend diligently to its affairs. Most institutional investors believe that directors should not act for more than 20 to 30 Investment Manager relationships which is the Carne standard. They also believe there should be regular full board meetings (at least three a year with minimum one "in person") covering key risk areas to the fund.

4. Support Infrastructure

Carne Directors can draw on the group's administrative and professional infrastructure which allows Carne Directors to devote their attention fully to their fiduciary responsibilities. The broad range of professional skill sets present within Carne includes experts in best practices, investment products, derivatives, regulations, valuation policies, compliance, risk management, accountancy and corporate secretarial.

5. Conflicts of Interest and Transparency

Investors believe that funds should have a clear conflicts policy which includes the relevant interests of all directors and delegates that may lead to potential conflicts. It should include transparency on other directorships held and procedures in the event of conflicts arising including director voting rights. Carne believes this is good practice.

6. Increase Assets

Carne support funds seeking to reach their intended investor base and raise capital. Support includes registration of funds in foreign jurisdictions, offshore fund structuring, and providing guidance on potential distributors and platforms.

Investors want to see highly qualified independent directors sitting on a fund board. High quality independent directors bring an additional layer of confidence for investors that risks are being managed; their presence is evidence that best practices are being maintained.

John Donohoe, CEO, Carne Group

Page 4: Directorship july 201

Carne DirectorsCarne Global’s Independent Directors’ Panel is international, based in six locations: Cayman, Luxembourg, Ireland, New York, Switzerland and London.

Carne Directors: Luxembourg

Thomas NummerTHOMAS NUMMER HAS OVER

15 YEARS’ EXPERIENCE IN ASSET

MANAGEMENT AND FINANCIAL

SERVICES. HIS AREAS OF EXPERTISE

INCLUDE RISK MANAGEMENT,

COMPLIANCE, REGULATION AND

FUND STRUCTURING.

Thomas is a Managing Director with Carne Luxembourg. Thomas acts as an independent director on Luxembourg funds and management companies as well as advising clients on product structuring, fund launches, compliance, risk and governance issues. Thomas was Director and Chief Risk Officer for Allianz Global Investors Luxembourg S.A., where he worked for eight years on a wide range of risk and fund compliance issues. In particular, he built up the UCITS compliant risk management system for the Allianz fund range. In addition, Thomas was appointed as Head of Outsourcing risk for all Management Companies at Allianz Global Investors Europe.

Before Thomas worked for Adig Investment inLuxembourg for five years, focusing on fund management (passively managed equity funds and

fund of funds). Prior to that he worked as an option trader (EUREX market maker) for AGON, Cologne.

Thomas is a well known industry risk and product expert. He is co-chairman of ALFI's Risk Management Committee and also Member of the Board of PRiM, the Luxembourgish Risk Manager association. He has spoken on conference panels, written articles and contributed to policy papers. He has assisted ALFI in its dealings with the CSSF and ESMA in relation to policy formulation for both UCITS and alternative funds. Thomas holds a University degree (Dipl. Kaufmann) from the University of Trier, Germany including an academic year at Reading University, UK. Furthermore Thomas holds a post-graduate degree as Financial Analyst (CEFA) from the Society of Investment Professionals in Germany, DVFA.

Tracey McDermott TRACEY MCDERMOTT IS

A DIRECTOR OF CARNE

LUXEMBOURG AND HAS 17 YEARS’

EXPERIENCE IN THE INVESTMENT

FUNDS INDUSTRY.

Tracey is a Director and Principal with Carne Luxembourg, and has 17 years of experience in the investment funds industry. She acts as an independent director and also as a dirigeant for a number of Luxembourg investment funds.

Tracey is involved in the development of best practice in fund governance through her work with ALFI (Luxembourg fund industry association). Tracey advises fund promoters on the launch of new funds. Additionally, she has undertaken a number of project roles (covering fund launches / mergers / conversions / migrations).

Prior to joining Carne, she was General Manager of PFPC Luxembourg, where she was responsible for day to day operational management of fund accounting and transfer agency activities, relationship management,

business development, new systems implementation, budgetary and financial matters. She previously spent five years at BNP Securities Services Luxembourg where she was Head of Client Services. Before that she worked as Global Custody Manager at Deutsche International Ireland.

Justin EganJUSTIN EGAN HAS OVER 20 YEARS’

EXPERIENCE IN THE INVESTMENT

FUNDS INDUSTRY. HE SPECIALISES

IN GOVERNANCE, REGULATION,

COMPLIANCE, DERIVATIVES

PRODUCTS AND OPERATIONS.

Justin is the Managing Director of Carne Luxembourg. He acts as an independent Chairman and Director for a number of leading fund boards, including regulated and alternative funds. In addition to acting as an independent fund director, Justin advises fund managers and promoters on fund structuring and launches, and is a leading expert on UCITS funds.

He has worked with many asset managers, including alternative managers and investment banks, on the structuring and launch of funds domiciled in both Luxembourg and Ireland. His other specialist areas include fund operations, compliance/regulatory matters, and risk. Prior to joining Carne in 2005, Justin worked for State Street (previously Deutsche Bank) in Ireland, and held several positions there,

including Head of Trustee Services, Global Head of Market Data Services, Head of Valuations and Fund Accounting, and Financial Controller.

Justin qualified as a Chartered Accountant with KPMG and holds a Bachelor of Commerce degree from University College, Dublin.

Page 5: Directorship july 201

Carne Directors: Cayman Islands

IntegrityIndependence

Peter HeapsPETER HEAPS HAS OVER 25 YEARS’

EXPERIENCE IN THE INVESTMENT

FUNDS INDUSTRY. HE SPECIALIZES

IN GOVERNANCE, REGULATION,

COMPLIANCE, RISK AND PRODUCT

DEVELOPMENT FOR HEDGE AND

OTHER ALTERNATIVE FUNDS.

Peter is Managing Director of Carne Cayman and has over 25 years' experience in the hedge, private equity and traditional funds industry. He is experienced in a wide range of investment strategies, including equity long/short, global macro, systematic trading, CTA, credit, event driven, arbitrage, distressed/special situations, multi-strategy and private equity. During his career he has served as a director on the boards of funds sponsored by highly respected investment managers.

He has been appointed Managing Director at leading financial institutions and has had full responsibility for multi-billion dollar fund operations and large staff numbers, whilst gaining significant experience in funds governance, compliance, risk and product development. Previously, Peter was Managing Director and Country

Head at RBC Dexia in Ireland, where he established and developed the operational risk and new business implementation departments and managed the inaugural SAS 70 accreditation. Before this, he was a director of HSBC's Irish fund administration business with European client relationship management responsibility for Alternative Fund Services, working with institutional, established, emergent and boutique investment managers. He also established and managed the credit origination department. Prior to this he was Managing Director of Bank of Bermuda's fund administration business in Guernsey. Peter has also held senior management positions with Gartmore, where he was Company Secretary and Compliance Officer. He holds a LLB Honours, Business Law.

Roisin CaterROISIN HAS OVER 18 YEARS’ LEGAL

AND REGULATORY EXPERIENCE

IN THE INVESTMENT FUNDS

INDUSTRY.

Roisin is a Principal of Carne Cayman and has over 18 years' legal and regulatory experience in the investment funds industry. She trained and practiced as a solicitor with Linklaters in London from 1991 to 1996 before returning to the Cayman Islands, where she was an investment funds attorney until 2008.

Her most recent role prior to becoming a director was as a partner in the Cayman office of the international offshore law firm Mourant du Feu & Jeune, where her roles between 2005 and 2008 included head of the investment funds practice, head of the office, MLRO and head of corporate administration. Roisin also spent two years as the senior listing executive of the Cayman Islands Stock Exchange ("CSX") from 1998 to 2000 and continues to advise the CSX, both as a member of the listing

committee and as a member of the board of directors of the CSX.

Roisin is a member of AIMA as an independent fund director, a member of the Cayman Islands Directors' Association and also a member of the board of the NCVO, a local charitable organization. Roisin is also a notary public. She graduated with a Bachelor of Laws (Hons.) from Nottingham University in 1990 and qualified as a solicitor in England and Wales in 1993, as well as an attorney-at-law in the Cayman Islands in 1996.

John AckerleyJOHN IS A DIRECTOR OF CARNE

CAYMAN AND HAS OVER 18 YEARS

OF EXPERIENCE IN THE FINANCIAL

SERVICES INDUSTRY.

John is a Director of Carne Cayman and has over 18 years of experience in the financial services industry. He has extensive experience in working with a wide range of investment fund structures and strategies and has served as a director to funds sponsored by many of the world's most respected and largest investment managers. John came to the Cayman Islands with Butterfield Fund Services (now Butterfield Fulcrum) where he was responsible for the administration of a complex portfolio of investment funds.

Following this, John was Vice President at Bank of America Cayman where he had overall responsibility for the client reporting team. He then moved to Rawlinson & Hunter/ The Harbour Trust Co. where he focused on the provision of governance services to top tier investment managers, primarily in the US market

and acted as a director to large investment funds. John was also responsible for the accounting business line, managing a team responsible for providing services to private equity funds and special purpose vehicles sponsored by prominent banks.

Following this, John was appointed SVP and Senior Executive Officer of Maples Finance Dubai where he led its establishment and obtained local regulatory approval. He was also responsible for business development and served as a director to client investment structures. John is a Fellow of the Institute of Chartered Accountants in Ireland, a member of the Society of Trust and Estate Practitioners, and holds a Bachelor of Commerce (Hons.) degree from University College Dublin, Ireland.

Page 6: Directorship july 201

Carne Directors: Ireland / Cayman Islands

John DonohoeJOHN DONOHOE IS CEO AND

PRINCIPAL OF CARNE. HE

ESTABLISHED CARNE AT THE

BEGINNING OF 2004 AND IT IS

NOw THE LEADING GOVERNANCE

PROVIDER TO GLOBAL ASSET

MANAGERS.

John is the founder of Carne and has over 20 years' experience in the financial services industry holding senior positions with Deutsche Bank, State Street and KPMG. John sits on and chairs the boards of some of the world's largest and most complex mutual and hedge funds. He advises global asset managers in areas such as governance, product development, distribution and market developments.

Prior to Carne John was a Managing Director of Deutsche Bank. He has served as an executive/non-executive director on various Deutsche Bank boards, including Deutsche International (Ireland) Limited and subsidiaries, Morgan Grenfell & Co Limited (Deutsche's UK investment bank), Deutsche Trustees (UK) Limited and The WM company Limited.

John spent 12 years with Deutsche Bank, where he rose to become CEO, Europe, Asia and Offshore, Deutsche Global Fund Services. Prior to establishing Carne, he was a Senior Vice President of State Street. John qualified as a Chartered Accountant with KPMG in Dublin. He is a Fellow of the Institute of Chartered Accountants and holds a First Class Honours degree in Accounting & Finance from Dublin City University.

Mary MurphyMARY IS MANAGING DIRECTOR,

ALTERNATIVES IN CARNE IRELAND

AND A LEADING INDUSTRY

FIGURE. SHE HAS OVER 20 YEARS’

EXPERIENCE IN THE PROVISION OF

SERVICES TO ALTERNATIVE FUNDS.

Mary is Managing Director, Alternatives in the Carne Ireland office and has over 20 years of experience in the provision of administration services for alternative funds. Mary focuses on governance services for alternative investment funds, in both regulated and unregulated domiciles, in particular hedge and private equity funds.

Mary was a founder and member of the senior management team at International Fund Services (Ireland) Limited ("IFS"), a State Street company, from IFS' launch in 1996. At IFS she focused on the growth of its hedge fund administration business and more recently, since 2009, on State Street's private equity fund services business. Over the last 20 years Mary has worked with many hedge funds which have grown to become the largest hedge funds in the

world. With an in depth understanding of both investment manager and investor requirements, Mary is well placed to align these needs with those imposed by the jurisdictional, regulatory and legal structures affecting a fund.

Before joining IFS Mary was the Senior Manager of hedge fund accounting at Daiwa Europe Bank. Mary is a fellow of the Association of Chartered Certified Accountants.

Teddy OttoTEDDY OTTO HAS OVER 20 YEARS’

EXPERIENCE IN FINANCIAL

SERVICES. HE SPECIALISES IN

GOVERNANCE, OPERATIONS, RISK,

PRODUCT DEVELOPMENT AND

COMPLIANCE.

Teddy is a Principal within Carne Ireland. He acts as a Director / Chairman on a number of Irish management companies and fund companies for leading global managers as well as Cayman-domiciled hedge funds. He carries out oversight services in the context of UCITS IV requirements on a range of funds and acts as a designated director/chairman. Teddy has advised asset managers on product structuring for funds, the use of derivatives in UCITS, eligibility of investment strategies in UCITS, risk management procedures and compliance aspects.

He has assisted many managers with setting up funds and management companies. He has extensive experience in the areas of governance, product development and structuring, risk, compliance, custody, fund operations and valuations.

Prior to joining Carne, Teddy was employed by the Allianz Group in Ireland for six years. During this time he was director of Allianz Global Investors Irish and Cayman domiciled companies and funds and had responsibility for operations and product management. He held senior management positions in the areas of market data and custody at Deutsche Bank in Ireland, having previously worked in the investment banking division of Deutsche Bank in Frankfurt. Prior to that, Teddy worked in finance/treasury with Bankgesellschaft Berlin.

Teddy holds a degree in Business Administration from Technische Universit t Berlin.

Page 7: Directorship july 201

ExperienceExpertise

Carne Directors: Ireland / Cayman Islands

John SkellyJOHN SKELLY HAS 20 YEARS

EXPERIENCE IN THE INVESTMENT

FUNDS INDUSTRY. HE SPECIALISES

IN GOVERNANCE, COMPLIANCE,

PRODUCT AND OPERATIONS FOR

TRADITIONAL AND HEDGE FUNDS.

John is a Principal with Carne Ireland. He acts as an independent director and chairman to a number of leading fund boards and management companies. He also acts as a designated individual to a number of UCITS IV management companies and self-managed VCCs. In addition, John specialises in compliance, product and operations for traditional funds and hedge funds, advising and assisting fund managers/promoters on fund structuring and launches. He has extensive knowledge on UCITS funds.

Prior to joining Carne in 2006, John held a number of senior management positions with leading banks and asset management companies, including BNP Paribas Securities Services and Norwich Union Investments (now Aviva Investors).

John qualified as a Chartered Accountant with Deloitte and holds a Bachelor of Commerce degree.

Ann-Marie GalvinANN-MARIE GALVIN HAS 20 YEARS’

EXPERIENCE IN THE INVESTMENT

FUNDS INDUSTRY, SPECIALISING

IN CORPORATE GOVERNANCE,

PRODUCT STRUCTURING, FUND

ADMINISTRATION, TRANSFER

AGENCY AND DISTRIBUTION

PLATFORMS.

Ann-Marie is a Principal with Carne Ireland and has 20 years' experience in financial services. She acts as an independent director for a number of fund boards and management companies. Ann-Marie has also assisted clients with the launch of UCITS and other funds. Her specialist areas include corporate governance, product structuring, fund administration, transfer agency and distribution platforms.

Before joining Carne, she was Head of Transfer Agency at State Street (International) Ireland (formerly Deutsche Bank). She was a member of the senior management team reporting to the CEO, and a key contributor to the overall strategy and direction of the business.

She was also a director of a number of investment companies and a member of the Irish Funds Industry Association Committee for Transfer Agency and Marketing for several years.

Ms Galvin trained as a chartered accountant with KPMG, specialising in corporate taxation. She is a Fellow of the Institute of Chartered Accountants. She holds a Diploma in Professional Accounting and a Bachelor of Commerce degree from University College Dublin.

Yvonne ConnollyYVONNE CONNOLLY HAS 20 YEARS

EXPERIENCE IN THE INVESTMENT

FUNDS INDUSTRY. SHE SPECIALISES

IN GOVERNANCE, COMPLIANCE,

PRODUCT AND OPERATIONS FOR

TRADITIONAL AND HEDGE FUNDS.

Yvonne is a Principal with Carne Ireland. She acts as a director for Irish management companies and funds. She also specialises in governance, product development, compliance, financial reporting and operations. Formerly, she has assisted fund managers and service providers with various aspects of operational development and efficiency and is a recognised expert in the field of back office operations and change management.

Prior to joining Carne Yvonne was Head of Operational Development at State Street (International) Ireland (formerly Deutsche Bank), where she looked after new business take on, product development, system implementation and change management. As a member of the senior management team at State Street, Yvonne reported

directly to the CEO and was a key contributor to the overall strategy and direction of the business.

Yvonne trained as a chartered accountant with KPMG, specialising in corporate taxation. She is a Fellow of the Institute of Chartered Accountants

Page 8: Directorship july 201

Carne Directors: Switzerland

Carne Directors: New York

Veronica Buffoni VERONICA IS A PRINCIPAL wITH

CARNE SwITZERLAND.

Veronica is a Principal with Carne Switzerland. She has 11 years of experience within the asset management industry. Her specialist areas are governance, product development and implementation for Luxembourg and Dublin products, fund and asset management compliance for both traditional and alternative managers, regulatory authorisations, foreign fund registrations/UCITS passporting, and independent oversight.

Prior to joining Carne in 2006, Veronica worked as a compliance specialist at Fleming Family & Partners in London, a leading wealth management business.

Prior to that she was a consultant within the Regulatory Consulting Practice at PricewaterhouseCoopers in London, focusing on fund management. Veronica holds a degree in Aeronautical Engineering from the University of Southampton and a Masters in Design Management, as well as a number of industry compliance and fund management qualifications.

Carne Directors: Ireland / Cayman Islands

Elizabeth BeazleyELIZABETH IS A DIRECTOR wITH

CARNE IRELAND SPECIALISING IN

GOVERNANCE, UCITS OVERSIGHT,

PRODUCT DEVELOPMENT,

COMPLIANCE AND FINANCIAL

REPORTING.

Elizabeth is a Director with Carne Ireland specialising in corporate governance, product development, financial reporting and fund oversight for both mutual and hedge funds. She carries out oversight services in the context of UCITS requirements on a range of funds and also acts as a Designated Individual on a number of Irish fund companies.

Elizabeth has also assisted managers on projects such as conversions from non-UCITS to UCITS, dedicated UCITS fund launches and has worked with a leading investment manager to develop their global financial reporting oversight capability. Prior to joining Carne Elizabeth spent four years with AIB/BNY Fund Management in Ireland, and before that worked for HSBC. She graduated with a Bachelor of

Commerce from University College Cork, and has a Masters degree in Business Studies from the Smurfit Graduate School of Business.

Elizabeth is a member of the Association of Chartered Certified Accountants.

Joe Hardiman JOE IS MANAGING DIRECTOR

CARNE USA. HE HAS BEEN AN

EXECUTIVE IN THE INVESTMENT

INDUSTRY FOR MORE THAN

20 YEARS.

Joe is the Managing Director of Carne Global Financial Services in New York. He has over 20 years of experience in the financial services industry including more than 14 years of managing and providing directorship for offshore structures domiciled in Luxembourg, Ireland, and the Cayman Islands. Joe was formerly fully responsible for the American Express Luxembourg fund ranges and sat on the board of directors of all fund vehicles and the associated management company.

He was also on the boards of the American Express hedge fund offerings as well as their private equity structure. In addition to acting as an independent director, Joe works as consultant for Carne focusing his efforts on managers interested in expanding

into the offshore market. He provides structuring services, launch advice, and project management with a specialisation in UCITS compliant vehicles.

Prior to joining Carne in 2010, Joe spent 13 years at American Express managing their offshore collective investment vehicle business and 10 years at Alliance-Bernstein managing financial controls and operational risk.

Page 9: Directorship july 201

Carne Directors: London

ProfessionalProactive

Bill BlackwellBILL HAS OVER 20 YEARS’

EXPERIENCE IN FINANCIAL

SERVICES. HE SPECIALISES IN

GOVERNANCE, OPERATIONS, RISK,

PRODUCT DEVELOPMENT AND

COMPLIANCE.

Bill is a Principal with Carne London. He is an experienced operations and business manager within the international pooled fund investment management industry (privately placed or publicly offered). Bill has over 20 years of experience as a product and business manager and has launched innovative fund products and implemented highly tuned client servicing processes.

His expertise includes board governance, product development and management, UCITS and other regulatory structures, compliance, business and product strategy, fixed income and derivatives, product design, country registrations and project management.

Prior to joining Carne, Bill worked as a Vice President, Senior Manager Product Development, Global

Liquidity EMEA at JPMorgan Asset Management. Previously, Bill worked within PIMCO with responsibility for overseeing the operations and administration of PIMCO's international pooled fund product ranges.

Bill holds a BA in English from Oberlin College and an MBA from University of California, Irvine.

Aymeric LechartierAYMERIC IS THE MANAGING

DIRECTOR OF CARNE LONDON.

HE SPECIALISES IN GOVERNANCE,

PRODUCT DEVELOPMENT AND

DISTRIBUTION.

Aymeric is the Managing Director of Carne London. He has 14 years of business and change management experience including nine years working for Merrill Lynch in three different countries, covering securities brokerage and wealth management.

His final positions at Merrill Lynch were Chief Operating Officer of the Zurich private wealth management office and manager in charge of the Monaco private wealth office. After leaving Merrill Lynch, Aymeric led the restructuring of a family owned business as CEO. Aymeric is a native French speaker and he is also fluent in German and Spanish.

Page 10: Directorship july 201

DublinJohn Donohoe Carne Global Financial Services Limited

2nd Floor, Block E, Iveagh CourtHarcourt RoadDublin 2

t: +353 1 489 6800 e: [email protected]

Cayman IslandsPeter Heaps

Carne Global Financial Services (Cayman) Limited

Grand Pavilion Commercial CenterWest Bay RoadGrand Cayman Ky1-1107

t: +1 345 769 9900e: [email protected]

LuxembourgJustin Egan

Carne Global Financial Services (Luxembourg) S..r.l.

25b Boulevard RoyalL-2449 Luxembourg

t: +352 267 3231e: [email protected]

New YorkJoe Hardiman

Carne Global Financial Services Limited

PO Box 851Spring LakeNJ 07762 USA

t: +1 732 642 5808e: [email protected]

SwitzerlandVeronica Buffoni

Carne Global Financial Services (Switzerland) GmbH

Gubelstrasse 5 P.O. Box 15246301 Zug, Switzerland

t: +41 78 936 1976e: [email protected]

LondonAymeric Lechartier

Carne Financial Services (UK) LLP

City Tower40 Basinghall StreetLondon EC2V 5DE

t: +44 207 618 8382e: [email protected]