Directors

Investor Relations – Directors
Keith Hamill – Chairman Keith Hamill joined the Board as Chairman (which is a non-executive role) in September 2000. He is currently chairman of Travelodge and Luminar plc, a non-executive director of Electrocomponents plc and Pro-Chancellor of Nottingham University. He is a chartered accountant and worked for Price Waterhouse from 1975 to 1988, becoming partner in 1987. Subsequently he was director of financial control at Guinness, finance director of United Distillers, Forte plc and WH Smith. He was also previously a member of the Urgent Issues Task Force of the Accounting Standards Board and Chairman of the CBI Financial Reporting Panel. He is Chairman of the Nominations Committee.	Terry Smith – Chief Executive Terry Smith started his career with Barclays Bank and became a stockbroker in 1984 with W Greenwell & Co. He was top rated bank analyst in London from 1984 to 1989, during which period he also worked at BZW and James Capel. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position he left in 1992 following the publication of his best selling book, Accounting for Growth. He joined Collins Stewart shortly after and became a director in 1996. Terry Smith is an Associate of the Chartered Institute of Bankers, has an MBA from The Management College, Henley and is qualified as a Series 7 Registered Representative and a Series 24 General Securities Principal with the NASD.	Paul Mainwaring – Group Finance Director Paul Mainwaring trained as a chartered accountant with Price Waterhouse, qualifying in 1987, and obtained an MBA from Cranfield School of Management in 1991. From 1993 to 2000, he worked for Caradon plc in a number of financial roles including three years as Finance Director of MK Electric. In 2000, he was appointed as Group Finance Director of TDG plc. He was appointed as Group Finance Director of Mowlem plc in 2005. He was appointed to the Collins Stewart Tullett plc board of directors on 10 October 2006.
Rupert Robson – Independent Non-Executive Director Rupert Robson was appointed to the Board in January 2007. He is a member of the Audit, Remuneration and Nominations Committees. He has held a number of senior roles in City institutions, most recently Global Head, Financial Institutions Group, Corporate Investment Banking and Markets at HSBC between 2003 and 2006 and, prior to that Head of European Insurance, Investment Banking at Citigroup Global Markets.	David Clark – Senior Independent Director David Clark worked for Bankers Trust, Commerzbank and Midland Bank before being appointed Treasurer, Europe of HSBC Holdings in 1992. In 1995 he joined Bankgesellschaft Berlin AG becoming Managing Director of Bankgesellschaft Berlin (UK) plc until June 1999. He was Senior Adviser to the Major Financial Groups Division of the Financial Services Authority until March 2003. He is non-executive chairman of Charity Bank and non-executive director of Caf Bank. He was appointed as a non-executive director of Tullett Liberty in September 2000 and to the Collins Stewart Tullett Board on 10 March 2003. He is a member of the Audit Committee and the Nominations Committee.	Michael Fallon MP – Independent Non-executive Director Michael Fallon joined the Board in September 2004 and is chairman of the Remuneration Committee and a member of the Audit and Nominations Committees. He is the founder of Just Learning Limited, a company which builds and operates nurseries and the Conservative MP for Sevenoaks. He is also a member of the Treasury Select Committee of the House of Commons, chairing the Sub-Committee which scrutinizes the Inland Revenue and Customs and Excise Departments. He was Opposition spokesman on Trade and City matters from 1997-1998. He was previously a director of Quality Care Homes PLC.
Richard Kilsby – Independent Non-executive Director Richard Kilsby joined the Board on 3 June 2005 and is chairman of the Audit Committee and a member of the Remuneration and Nominations Committees. He currently holds a number of board positions in privately held financial sector companies and is a founding partner of Efficient Frontiers, a consultancy firm specialising in capital markets. He has formerly held many positions in finance and the City including those of, inter alia, Vice Chairman of the virt-x stock exchange (created by the merger of the Swiss Exchange with Tradepoint), Chief Executive of Tradepoint (an AIM quoted electronic exchange), an Executive director of the London Stock Exchange responsible for listing, secondary regulation and the introduction of the SETs trading system and audit partner at Price Waterhouse.

Keith Hamill – Chairman

Keith Hamill joined the Board as Chairman (which is a non-executive role) in September 2000. He is currently chairman of Travelodge and Luminar plc, a non-executive director of Electrocomponents plc and Pro-Chancellor of Nottingham University. He is a chartered accountant and worked for Price Waterhouse from 1975 to 1988, becoming partner in 1987. Subsequently he was director of financial control at Guinness, finance director of United Distillers, Forte plc and WH Smith. He was also previously a member of the Urgent Issues Task Force of the Accounting Standards Board and Chairman of the CBI Financial Reporting Panel. He is Chairman of the Nominations Committee.

Terry Smith – Chief Executive

Terry Smith started his career with Barclays Bank and became a stockbroker in 1984 with W Greenwell & Co. He was top rated bank analyst in London from 1984 to 1989, during which period he also worked at BZW and James Capel. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position he left in 1992 following the publication of his best selling book, Accounting for Growth. He joined Collins Stewart shortly after and became a director in 1996. Terry Smith is an Associate of the Chartered Institute of Bankers, has an MBA from The Management College, Henley and is qualified as a Series 7 Registered Representative and a Series 24 General Securities Principal with the NASD.

Paul Mainwaring – Group Finance Director

Paul Mainwaring trained as a chartered accountant with Price Waterhouse, qualifying in 1987, and obtained an MBA from Cranfield School of Management in 1991. From 1993 to 2000, he worked for Caradon plc in a number of financial roles including three years as Finance Director of MK Electric. In 2000, he was appointed as Group Finance Director of TDG plc. He was appointed as Group Finance Director of Mowlem plc in 2005. He was appointed to the Collins Stewart Tullett plc board of directors on 10 October 2006.

Rupert Robson – Independent Non-Executive Director

Rupert Robson was appointed to the Board in January 2007. He is a member of the Audit, Remuneration and Nominations Committees. He has held a number of senior roles in City institutions, most recently Global Head, Financial Institutions Group, Corporate Investment Banking and Markets at HSBC between 2003 and 2006 and, prior to that Head of European Insurance, Investment Banking at Citigroup Global Markets.

David Clark – Senior Independent Director

David Clark worked for Bankers Trust, Commerzbank and Midland Bank before being appointed Treasurer, Europe of HSBC Holdings in 1992. In 1995 he joined Bankgesellschaft Berlin AG becoming Managing Director of Bankgesellschaft Berlin (UK) plc until June 1999. He was Senior Adviser to the Major Financial Groups Division of the Financial Services Authority until March 2003. He is non-executive chairman of Charity Bank and non-executive director of Caf Bank. He was appointed as a non-executive director of Tullett Liberty in September 2000 and to the Collins Stewart Tullett Board on 10 March 2003. He is a member of the Audit Committee and the Nominations Committee.

Michael Fallon MP – Independent Non-executive Director

Michael Fallon joined the Board in September 2004 and is chairman of the Remuneration Committee and a member of the Audit and Nominations Committees. He is the founder of Just Learning Limited, a company which builds and operates nurseries and the Conservative MP for Sevenoaks. He is also a member of the Treasury Select Committee of the House of Commons, chairing the Sub-Committee which scrutinizes the Inland Revenue and Customs and Excise Departments. He was Opposition spokesman on Trade and City matters from 1997-1998. He was previously a director of Quality Care Homes PLC.

Richard Kilsby – Independent Non-executive Director

Richard Kilsby joined the Board on 3 June 2005 and is chairman of the Audit Committee and a member of the Remuneration and Nominations Committees. He currently holds a number of board positions in privately held financial sector companies and is a founding partner of Efficient Frontiers, a consultancy firm specialising in capital markets. He has formerly held many positions in finance and the City including those of, inter alia, Vice Chairman of the virt-x stock exchange (created by the merger of the Swiss Exchange with Tradepoint), Chief Executive of Tradepoint (an AIM quoted electronic exchange), an Executive director of the London Stock Exchange responsible for listing, secondary regulation and the introduction of the SETs trading system and audit partner at Price Waterhouse.