VCT Board
The Board comprises Sir Aubrey Brocklebank as non-executive
chairman and Giles Hargreave and David Hurst-Brown as non-executive
directors, all of whom are independent of the Investment Manager.
A summary CV for each of the Directors is shown below:
Sir Aubrey Thomas Brocklebank Bt, ACA
After qualifying as an accountant, Sir Aubrey worked for Guinness Mahon
from 1981 to 1986, initially in
its corporate finance department before assisting in the establishment
of a specialist development capital department. From 1986 to 1990 he
was a director of Venture Founders Limited, managing a £12
million venture capital fund, which had been raised to invest in early
stage ventures. He managed the Avon Enterprise Fund (a venture capital
fund of £4.5 million investing in approximately 20 companies)
from 1990 until all investments had been realised in 1997. He is on the
board of eight other VCTs, Hargreave Hale AIM VCT 1 plc, the AIM
Distribution
Trust PLC, Puma VCT PLC, Puma VCT II PLC, Puma VCT III PLC and Puma VCT
IV PLC (all as chairman) and Pennine AIM VCT 6 plc and Close Second AIM
VCT PLC (as a non-executive director only). He is and has also been a
director of a number of companies, some of which are, or have been,
quoted on AIM.
Giles Hargreave
Giles is the Chief Executive of Hargreave Hale Limited. After leaving
Cambridge in 1969 Giles began his career as a trainee analyst with
James Capel before moving to Management Agency and Music Plc as a
private fund manager in 1974. In 1986 he founded Hargreave Investment
Management, which was merged with Hargreave Hale & Co in
1988, Giles took over as the fund manager of a Special Situations . He
also manages a UK Micro Cap Fund, a UK Leading Companies Fund. Giles
heads up Hargreave Hale's investment committee and chairs the weekly
meetings in which the team reviews existing and potential
investments.
David Hurst-Brown FSI
David worked for over 25 years in the investment banking industry
starting as an investment analyst with Rowe and Pitman and becoming a
partner of the firm in 1985. Following takeovers by SG Warburg and
Swiss Bank Corporation and the subsequent merger with Union Bank of
Switzerland, David ultimately was an executive director in the
corporate finance division of UBS Warburg. In this capacity, amongst
his various duties, he was responsible for establishing a smaller
companies business unit. He was a consultant to UBS from 1999 to 2002
and at the same time was an adviser to techMark, the London Stock
Exchange's market for technology companies. David is presently a non
executive director of Imagination Technologies Group Plc, Anite Plc,
Ffastfill Plc and Hargreave Hale AIM VCT 1/2 Plc.