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Board of Directors

The Directors are responsible for the determination of the Company's investment policy and strategy and have overall responsibility for the Company's activities including the review of investment activity and performance.

Richard Boléat


Richard Boléat was born in Jersey in 1963.  He is a Fellow of the Institute of Chartered Accountants in England & Wales, having trained with Coopers & Lybrand in Jersey and the United Kingdom. After qualifying in 1986, 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 1991.  He was formerly a Principal of Channel House Financial Services Group from 1996 until 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 to establish Governance Partners, L.P., an independent corporate governance practice.  In addition to Phaunos Timber Fund Limited, he currently acts as Chairman of CVC Credit Partners European Opportunities Limited and Funding Circle SME Income Fund Limited, both of which are listed on the London Stock Exchange, and Yatra Capital Limited, listed on Euronext, along with number of other substantial collective investment and investment management entities established in Jersey, the Cayman Islands and Luxembourg. He is regulated in his personal capacity by the Jersey Financial Services Commission and is a member of AIMA.

Jonathan Bridel

Director and Chair of the Audit Committee

Jonathan is a Guernsey resident and is currently a non-Executive Director of the Renewables Infrastructure Group Limited (FTSE 250), Sequoia Economic Infrastructure Income Fund Limited (FTSE 250), Starwood European Real Estate Finance Limited, Funding Circle SME Income Fund Limited and Alcentra European Floating Rate Income Fund Limited which are listed on the Main Market of the London Stock Exchange. Other companies for which Jonathan acts as a Director include DP Aircraft I Limited and Fair Oaks Income Fund Limited.

Jonathan was previously Managing Director of Royal Bank of Canada’s investment businesses in the Channel Islands and served as a Director on other RBC companies including RBC Regent Fund Managers Limited. Prior to joining RBC, Jonathan served in a number of senior management positions in banking, specialising in credit and corporate finance and private businesses as Chief Financial Officer in London, Australia and Guernsey having previously worked at Price Waterhouse Corporate Finance in London.

Jonathan graduated from the University of Durham with a degree of Master of Business Administration, holds qualifications from the Institute of Chartered Accountants in England and Wales (1987) where he is a Fellow, the Chartered Institute of Marketing and the Australian Institute of Company Directors. Jonathan is a Chartered Marketer and a member of the Chartered Institute of Marketing and the Institute of Directors and a Chartered Fellow of the Chartered Institute for Securities and Investment.

Brendan Hawthorne


Based in London, Brendan has more than 20 years’ experience as a specialist in asset recovery.

Brendan holds several directorships in offshore entities based in amongst others the BVI, the Channel Islands and the Cayman Islands.

He has extensive multi-jurisdictional experience in relation to cross-border asset recovery, having previously been based in South Africa, the UK, the UAE, Australia and Singapore and has gained experience of asset recovery situations on the ground in the following jurisdictions amongst others: Afghanistan, Australia, Bahrain, Canada, China, Cyprus, Czech Republic, Djibouti, France, Germany, India, Ireland, Italy, Kuwait, Malaysia, Oman, Pakistan, Qatar, Russia, Singapore, South Africa, Spain, Switzerland, Turkey, UAE, UK and USA.

Brendan earned a Bachelor of Commerce degree majoring in accounting and finance, from the University of Natal in South Africa and has a post-graduate degree in Accountancy. He is a Chartered Accountant, registered with the ICAEW in the UK and SAICA in South Africa.



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