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Directors

The Board has overall responsibility for UEM’s activities and the determination of its investment policy and strategy. UEM’s investment portfolio is managed jointly by ICM Investment Management Limited and ICM Ltd who are responsible for implementing the policies laid down by the Board.

The Directors of UEM, all of whom are non-executive, include:

Appointed 16 November 2015, John retired as deputy chairman and senior independent director of Inmarsat plc in 2015. He has broad experience in conventional and renewable electricity generation and in biotechnology, support services and manufacturing, having previously served as finance director of a number of public limited companies (including Smith and Nephew plc, PowerGen plc, British Steel plc and Corus Group plc) and as a non-executive chairman or director of several companies, including Foreign & Colonial Investment Trust plc and JP Morgan Overseas Investment Trust plc. He is currently chairman of Bluefield Solar Income Fund Limited. He is a Fellow of the Institute of Chartered Accountants of England and Wales. Mr Rennocks became Chairman of the Company after the AGM in September 2016.

Re-appointed in November 2014, Garth has been involved in the investment company sector for over 40 years. Garth was previously a Director of UEM until 2010 when he resigned as he was chairman of Westhouse Holdings plc, the holding company of UEM’s broker, Stockdale Securities Limited; he stepped down from the board of Westhouse Holdings plc in November 2014 and therefore is no longer conflicted. He is Chairman of UEM’s Remuneration Committee. He is a director of Invesco Perpetual UK Smaller Companies Investment Trust plc.

Appointed in September 2013, Susan is a chartered accountant and MBA graduate and has worked in financial services since 1980. She has previous experience in chartered accountancy and investment banking, and is a director of Homeloans, as well as the principal of a financial training organisation in New Zealand, and a director of Conrad Funds Management Limited (New Zealand) and Cognitive Education Group, a registered Not for Profit organisation in New Zealand. She is a member of the Institute of Chartered Accountants in Australia.

Appointed in June 2007, Garry was formerly president and chief executive officer of BELCO Holdings Limited (now named Ascendant Group Limited) and Bermuda Electric Light Company Limited. He is deputy chairman of the Bermuda Casino Gaming Commission and a director of BF&M Limited and BF&M Life Insurance Company. He is a chartered accountant, Chairman of UEM’s Audit Committee and he has served on a number of corporate, community and Government boards. He is a Justice of the Peace and a fellow of the Bermuda Institute of Chartered Accountants.

Appointed in October 2010, Anthony is an investment professional with more than 25 years' experience in the investment management industry. He is an executive director of H.R.L. Morrison & Co and is chairman of JIDA Capital Partners Limited, a China focused sustainable infrastructure investment management company and a director of a number of its subsidiary companies in China. He previously headed up the Asia Pacific operations of Alliance Trust PLC and for more than 10 years was the Asia Pacific chief investment officer at Citigroup and Salomon Brothers Asset Management.  He is a past Chairman and a Fellow of the Hong Kong Securities and Investment Institute and a member of the Asia Advisory Board for Euromoney Institutional Investor Plc and is the current Vice Chairman and council member of Asia Corporate Governance Association.

 

*Independent Director