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Our Board

RIT Capital Partners plc has a world class Board, maintaining rigorous standards of corporate governance. 

You will find information about our Board committees here.

You will find the profiles of Directors below.

Philippe Costeletos

Private Investor

Philippe Costeletos joined the Board as a non-executive Director in July 2017 and became its Senior Independent Director in April 2019. He is Chairman of the Conflicts Committee and the Remuneration Committee and a member of the Valuation Committee. 

He has over 25 years’ of private investing experience spanning several investment cycles, investment types (including start-ups, growth capital, and buyouts) and geographies, including emerging markets.

Philippe was formerly Chairman of International for Colony Northstar, a leading global real estate and investment management firm. Previously, he was Head of TPG Capital in Europe and served as a member of TPG’s Global Management and Investment Committees, being responsible for investment strategy during a period which included investments in TIM Hellas, where he was Chairman, and Debenhams plc, where he was a member of the Board.

Philippe Costeletos
Private Investor

Maggie Fanari

Managing Director, Ontario Teachers’ Pension Plan

Maggie Fanari joined the Board of the Company as a non-executive Director in April 2019 and is a member of the Conflicts Committee and the Remuneration Committee.

Maggie is a Managing Director of Ontario Teachers' Pension Plan heading the High Conviction Equities team's direct equities investments for Europe, the Middle East, and Africa.  She is also responsible for supporting the build of the global strategy for Teachers’ Innovation Platform (TIP) and the execution of that strategy in EMEA. 

Maggie has been with Ontario Teachers' since 2006 and was based in Toronto until moving to London in 2015.  Maggie has structured and executed on large-scale, partnership-driven minority investments in both public and private companies in multiple sectors globally.  She started her career as an auditor at KPMG and previously worked in equity research at Scotia Capital.

Maggie is a Chartered Accountant and a CFA charterholder.  She also holds a BBA from the Schulich School of Business at York University and ICD.D certification from the Institute of Corporate Directors.

Maggie Fanari
Managing Director, Ontario Teachers’ Pension Plan

The Hon. Sir James Leigh-Pemberton

Non-Executive Chairman, RIT Capital Partners

Sir James Leigh-Pemberton is Non-Executive Chairman of RIT Capital Partners having joined the Board of the Company as a non-executive Director in April 2019.  He is a member of the Nominations Committee and the Valuation Committee. He previously served as an independent non-executive Director of RIT Capital Partners plc from 2004 to 2013.

Sir James joined UK Financial Investments (UKFI) in October 2013 as Chief Executive and in January 2014 was appointed Executive Chairman. On 1 April 2016 he became Non-Executive Chairman of UKFI. Following the merger of UKFI and UK Government Investments (UKGI), he became Deputy Chairman of UKGI.

Before joining UKFI, Sir James was Managing Director and Chief Executive Officer of Credit Suisse in the UK, based in London. In this role, he was responsible for developing the Bank’s client relationships in Private Banking, Investment Banking and Asset Management in the UK. He was also a member of the Credit Suisse Europe, Middle East & Africa (EMEA) Operating Committee. He joined Credit Suisse First Boston (CSFB) in 1994. Prior to joining CSFB, he was a Director of S.G. Warburg Securities, where he worked for 15 years.

In the 2019 New Year Honours List, Sir James received a knighthood for services to financial services, British industry and government.

The Hon. Sir James Leigh-Pemberton
Non-Executive Chairman, RIT Capital Partners
Michael Marks
Michael Marks
Michael Marks

Michael Marks CBE

Chairman, MR Capital Consultants Limited

Michael Marks joined the Board of the Company as a non-executive Director in September 2004.  He is now a non-independent non-executive Director of the Company.

He is Chairman of MR Capital Consultants Limited and was Chairman of NewSmith Capital Partners LLP, which he founded in 2003. He was formerly Co-Head of the Global Equities business of Merrill Lynch, which he joined in 1995 and where he subsequently held positions as Chief Operating Officer of Merrill Lynch Europe, Middle East and Africa. He was subsequently named Executive Chairman. He was also Executive Vice President of Merrill Lynch & Co., Inc.

Michael began his career at Smith Bros. in 1958, where he became a director in 1975 and Chief Executive of Smith New Court in 1987. He was a non-executive director of Old Mutual plc from February 2004 to May 2007 and a non-executive director of London Stock Exchange plc until 2004.

Michael Marks CBE
Chairman, MR Capital Consultants Limited

André Perold

Managing Partner & Chief Investment Officer, HighVista Strategies

André Perold joined the Board of the Company as a non-executive Director in April 2018 and is a member of the Audit & Risk Committee.

André is Co-Founder, Managing Partner and Chief Investment Officer of HighVista Strategies, a Boston based investment firm. He is a board member of the Vanguard Group, the global investment company and also serves on the Investment Committee of the Partners Healthcare System and for the Museum of Fine Arts. He was previously the George Gund Professor of Finance and Banking at the Harvard Business School where he also held senior roles including Chair of the Finance Faculty and Senior Associate Dean.

André Perold
Managing Partner & Chief Investment Officer, HighVista Strategies
Mike Power
Mike Power
Mike Power

Mike Power

Professor of Accounting, London School of Economics and Political Science

Mike Power joined the Board of the Company as a non-executive Director in January 2014 and is Chairman of the Valuation Committee and a member of the Audit and Risk Committee.

He is a Fellow of the Institute of Chartered Accountants in England and Wales and Professor of Accounting at the London School of Economics and Political Science, where he is a Governor and has written extensively on risk and corporate governance issues. He was a non-executive director of St. James’s Place plc from 2005 to 2013 where he chaired the Risk Committee and was a member of the Audit Committee. He remains on the board of St James’s Place International plc, which he joined in September 2012 and was appointed as its Chairman in 2014.

Mike has held a number of other advisory positions, including the Financial Reporting Lab Advisory Committee at the Financial Reporting Council, and the Technical Development Committee of the Institute of Risk Management. In 2016 he was elected as a Fellow of the British Academy.

Mike Power
Professor of Accounting, London School of Economics and Political Science

Hannah Rothschild CBE

Non-executive Director of various companies

Hannah Rothschild joined the Board of the Company as a non-independent non-executive Director in August 2013.

In 2015 she became chair of the Trustees of the National Gallery. 

In addition, she is a non-executive director of WHAM, a Director of Five Arrows Limited and serves as a Trustee of the Rothschild Foundation.

Hannah is also a writer and filmmaker with a long standing career in the media. Her first novel, The Improbability of Love was published in the UK, US and ten other countries.

In the 2018 Queen's Birthday Honours, Hannah was appointed Commander of the Order of the British Empire (CBE) for services to the arts and to charity.  

Hannah Rothschild CBE
Non-executive Director of various companies

Jeremy Sillem

Managing Partner, Spencer House Partners LLP

Jeremy Sillem joined the Board of the Company as a non-executive Director in April 2018 and is a member of the Audit & Risk Committee, the Conflicts Committee, the Nominations Committee and the Remuneration Committee.

He is Managing Partner and Founder of Spencer House Partners LLP, which provides corporate finance advice to asset and wealth management businesses. He is the Chairman of BioPharma Credit Plc (an investment trust).  

From 2000 to 2004 he was Executive Chairman of Bear Stearns International in London, prior to which he had a 28-year career with Lazard in London and New York.

Jeremy Sillem
Managing Partner, Spencer House Partners LLP

Amy Stirling

CFO, Virgin Group

Amy Stirling joined the Board of the Company as a non-executive Director in February 2015 and is Chairman of the Audit & Risk Committee and a member of the Valuation Committee.

She is a chartered accountant and is Chief Financial Officer of the Virgin Group. Further to the acquisition of Virgin Money by CYBG in October 2018, she was appointed as non-executive Director of Clydesdale Bank plc, CYBG plc and Virgin Money plc.

Until July 2017, Amy served as a Director and Chairman of the Audit Committee of Pets at Home Group plc. She also served as the Chief Financial Officer of TalkTalk Telecom Group plc until 2013, having been with the business since its start up as part of the Carphone Warehouse Group, which she joined in 2000.

Amy Stirling
CFO, Virgin Group
The Duke of Wellington
The Duke of Wellington
The Duke of Wellington

The Duke of Wellington OBE DL

Chairman, Richemont Holdings (UK)

The Duke of Wellington (formerly Lord Douro) joined the Board of the Company as a non-executive Director in July 2010. He is now a non-independent non-executive Director of the Company.

He has broad experience in banking and finance, having served as Chairman of Sun Life and Provincial Holdings from 1995 to 2000 and of the Framlington Group from 1994 to 2005. He was a Director of Compagnie Financière Richemont from 1999 to 2017 and is now a Senior Adviser. He served on the Board of Sanofi for 12 years until May 2014 and was a Director of Pernod Ricard for eight years until 2011.

The Duke of Wellington is Chairman of Richemont Holdings (UK) Limited. He is a member of the House of Lords and was a member of the European Parliament from 1979 to 1989.

From 2007 to 2016 he was Chairman of King’s College London and since 2014 he has been a governor of Wellington College.

The Duke of Wellington OBE DL
Chairman, Richemont Holdings (UK)