Board of Directors of Yatra Capital
The Non-Executive Directors bring independent views to the Board. Their diverse
experience and expertise add immeasurably to the Board's effectiveness, particularly
in the areas of corporate strategy, governance and risk. As part of the collective
responsibility for the management of the Company, the Board must ensure that adequate
resources are in place to achieve its strategic aims and its obligations to shareholders
and other stakeholders.
Richard Boleat : Non Executive Chairman
Richard Boleat qualified as a Chartered Accountant with Coopers & Lybrand in the
UK in 1988. He subsequently worked in the Middle East, Africa and the UK for a number
of commercial and financial services groups before returning to Jersey in 1990.
He was formerly a Principal of Channel House Financial Services Group Limited prior
to its acquisition by Capita Group plc ("Capita") in September 2005. Richard led
Capita's financial services client practice in Jersey until September 2007, when
he left the company to establish an independent corporate governance practice. He
currently acts as Chairman of CVC Credit Partners European Opportunities Limited,
listed on the London Stock Exchange, and is an independent director of a number
of other substantial collective investment and investment management entities.
David Hunter : Non-Executive Director
David Hunter is Managing Director of Hunter Advisers, a property fund consultancy
which offers advice on the launch and operation of property funds in the UK and
overseas. Coupled with this role, he has a number of non-executive positions on
international property companies, focused on delivering value for shareholders.
Until 2005, David was a leading Pan-European property fund manager with over 20
years experience and an exceptional track record of building and running fund management
David was President of the British Property Federation in 2003-04 and led the industry
delegation which successfully negotiated with the UK Government for the introduction
Malcolm King : Non-Executive Director
After qualifying at a general practice firm in 1968 Malcolm was one of the first
in his profession to gain an MBA by taking a full time two-year course at the Ivey
Business School of the University of Western Ontario, Canada. Joining King & Co
in 1970, he headed the investment part of the business for 23 years. In 1993 Malcolm
restructured the asset management side of the business, which grew the properties
under management from GBP 850 mn to the current level of more than GBP 8 billion
when he retired.
He was Senior Partner from 1987 to 2005 and International Chairman from 1992 - 2006.
In 1992 he conceived and engineered the merger of King & Co with J P Sturge to form
King Sturge. During his time as Senior Partner, the company's turnover increased
from just over GBP 11 mn to approximately GBP 100 mn and a staff of nearly 1,600.
He was the senior Non-Executive of Redrow Plc and was a director of RICS Business
Services. He is non-Executive Chairman of a Jersey based private property company;
non-Executive of two other private property companies and Managing Director of a
family property company. He was a pro bono member of the property advisory committees
of both Imperial College London and Sue Ryder.
Christopher Wright : Non-Executive Director
Christopher Wright is Chairman and a co-founder of EM Alternatives LLC in Washington
DC, emerging markets focused private equity asset management firm and a director
of Merifin Capital Group, a private European investment firm. Until mid-2003 he
served as Head of Global Private Equity for Dresdner Kleinwort Capital and was formerly
a Group Board Member of Dresdner Kleinwort. He acted as Chairman of various investment
funds prior to and following the latter's integration with Allianz Private Equity.
He is a co-founding director of Roper Technologies Inc (NYSE, S & P 500).
Mr Wright has chaired the investment committees of and/or serves on several advisory
boards of third party managed LBO and venture capital funds in North America and
Europe and has advised several other financial institutions, including Hansa Capital,
CdB Webtech, Standard Bank of South Africa, Surya Capital, GP Investimentos, and
IDeA Alternative Investments on their investments in private equity and other alternative
assets around the world.
Mr Wright was educated at Oxford University (M.A.) and holds a Certified Diploma
in Accounting and Finance (from the ACCA). He is Foundation Fellow, Corpus Christi
George Baird : Non-Executive Director
George was born in Dundee, Scotland in 1950 and qualified with AYMM in 1974 before
moving to Jersey in 1980 to work for the States of Jersey in the finance area. In
1991 he was appointed Treasurer of the States of Jersey, one of the most senior
positions in the Civil Service reporting to the Finance and Economics Committee
whose main responsibility was defining and implementing government financial and
budget strategy. In 1999 he moved to Mourant as Group Finance and Operations Director
until his retirement in 2002. Since then he has built up a portfolio of non- executive
directorships in the Channel Islands to include several property companies where
he plays a prominent role on the Investment and Audit Committees.
Shahzaad Dalal : Non-Executive Director
Mr. Dalal has 30 years of financial markets and investment experience. At IL & FS
Investment Managers Limited ("IIML"), Mr. Dalal has made investments in private
equity transactions with an aggregate capitalization value in excess of $9.5 billion.
Prior to IIML, Mr. Dalal served as the Chief Executive Officer of IL&FS's Asset
Management Strategic Business Unit. Prior to that, Mr. Dalal was at the Industrial
Credit and Investment Corporation of India ("ICICI"). Mr. Dalal was actively involved
in the initial public offerings of Indraprastha Gas and Shoppers' Stop. Mr. Dalal
is a member of the India CEO Forum, which is affiliated with the IMA (International
Market Assessment Group). Mr. Dalal received a Bachelor's degree in Commerce from
Bombay University (India) and a Masters degree in Business Administration from Northeast
Louisiana University (United States).