BOARD OF DIRECTORS
Takis Klerides - Non Executive Chairman
Adonis Papadopoulos - Non Executive
Themis Papadopoulos - Non Executive
Petros Poulmentis - Non Executive
Cato Brahde
Ted Kalborg
Erik A. Lind
OCEANIC EQUITY FUNDS
Jonas Andreasson
Ron Beveridge
Bjorn Rise
Mike Rodgers
Andrew Stone
Andreas Vergottis
TUFTON TRANSPORT INVESTMENT FUND
Andrew Barker
Raymond Maguire
Sean Rose
INVESTOR RELATIONS
MARKETING / CAPITAL RAISING - EQUITY FUNDS
ASSET BACKED INVESTMENTS
Andrew Hampson
Jonathan Hill
Niklas Koresaar
Marcus Machin
Paulo Almeida
CORPORATE SERVICES
OPERATIONS
Anthony Haynes
Manish Chauhan
Lisa Johnstone
BOARD OF DIRECTORS
Takis Klerides
Non-Executive Chairman for the Group
Takis is qualified as a member of the Chartered Association of Certified Accountants (ACCA) in the UK, having completed the examinations in 1974. He is now a Fellow of ACCA and a member of the Institute of Certified Public Accountants of Cyprus (ICPA). After working for 3 years in the UK and Greece he returned to Cyprus to join Metaxas Loizides Syrimis & Co - KPMG where he became a partner in 1981. He left KPMG in March 1999 when he was appointed Minister of Finance of the Republic of Cyprus, a post he held until February 2003. He has served as a member of the Monopolies Commission in Cyprus, a member of Council of ICPA, Cyprus Representative of the World Assembly of ACCA. He was appointed as a Governor of the International Monetary Fund (IMF) and the European Bank of Reconstruction and Development (EBRD) from 1999 to 2003. In April 2003 he established his own business consulting firm acting as advisor/director to a number of public and private corporations.
Adonis Papadopoulos
Non-Executive Director for the Group
Adonis Papadopoulos is the Chairman of InterOrient Navigation Co. Ltd in Cyprus. Mr Papadopoulos is active in the Cypriot shipping industry since 1965. Mr Papadopoulos was the first President of the Cyprus Shipping Council, elected in 1989 and re-elected in 1993, and has played a leading role in shaping the current shipping policies of Cyprus.
Themis Papadopoulos
Non-Executive Director for the Group
Themis is Chief Executive Officer of Interorient Navigation Co. Ltd in Cyprus. He is currently on the Board of the following companies: Interorient Navigation Co. Ltd., TFI Public Company Ltd, Tufton Oceanic Finance Group, Norient Product Pool A/S
Petros Poulmentis
Non-Executive Director for the Group
Petros is a Greek national and graduate of the University of Newcastle-upon-Tyne in Marine Engineering and Naval Architecture.
Petros has been involved in the shipping industry for over thirty years with extensive technical and commercial experience in both the dry and wet markets as a director of various shipping companies including until recently Tufton Oceanic Holdings and Managing Director of World Carrier (London) Ltd.
Petros is a non-executive board member of Tufton Oceanic Finance Group.
Ted Kalborg
Founder
Ted graduated with an MBA from Harvard in 1977. After graduation he joined Brown and Root where he held several line management positions including assignment as General Manager of Wilbar in Norway- a j/v between Brown and Root and Wilhelm Wilhelmsen ASA. Ted founded the Tufton Group in 1985 and today serves as Chairman of Tufton Oceanic Limited and has several other directorships. Ted specialises in corporate reorganisations and equity investments, particularly in the offshore industry.
Erik A. Lind
Chief Executive Officer, Tufton Oceanic Limited
Erik graduated with an MBA from the University of Denver in 1979. He has more than 25 years experience in corporate banking, global shipping and specialised and structured asset financing. He has held senior or executive positions with Manufacturers Hanover Trust Company, Oslobanken, I.M. Skaugen ASA and GATX Capital while working from New York, Oslo, Shanghai and London. He has been actively involved in corporate re-capitalisations, financial restructurings, acquisitions, and structured finance and joint venture investments. Erik joined Tufton Oceanic in 2004 as Chief Executive Officer. Erik is a member of the board of A.M. Nomikos and the Chairman of the Board of Double Hull Tankers Ltd; a NYSE listed tanker company.
OCEANIC EQUITY FUNDS
Cato Brahde
Managing Director, Tufton Oceanic (Isle of Man) Limited and Equity Funds Manager
Cato holds a BSc (Hons) in shipbuilding and naval architecture from Newcastle, he is an MRINA and holds an MSBA from Boston. He joined Tufton in 1989 where he is responsible for fund management. He also built up a 30 strong fleet of Offshore Standby Support vessels which was one of the group's private equity projects; the fleet and the associated management company was sold in 1996. Prior to joining Tufton, his career included service at sea as a naval officer and 11 years of offshore engineering and management experience with Brown & Root. Cato heads up the group's equity fund management activities comprising Oceanic Hedge Fund and Oceanic Small Cap Fund.
Jonas Andreasson, CFA
Head of London Hedge Fund Desk
Jonas graduated with an MSc in Shipping, Trade and Finance (City University Business School). He joined Tufton Oceanic in 1995 and worked on equity and market analysis in the shipping and oil service sectors. Jonas specialises in the analysis of shipping and offshore markets for our hedge funds.
Ron Beveridge
Senior Advisor
Ron has a degree in engineering from Imperial College, London. He has more than 35 years experience in the oil and gas industry, primarily in the offshore construction arena. The majority of his career was spent with the Halliburton/KBR group, more recently he was responsible for Subsea 7`s offshore operations in Brazil. In May 2007 he joined Tufton Oceanic as Senior Advisor to the Offshore Sector.
Bjorn Rise
Director Energy
Bjorn graduated with a MSc in Economics from the Norwegian School of Economics and Business Administration in 1983. He has over 20 years experience in the energy and financial industries, including senior positions at Norsk Hydro, where his responsibilities included commercial analysis and evaluations of field and infrastructure developments in the North Sea. Prior to joining Tufton in September 2005, he was a global energy analyst for Tiger Management in New York, Skandinaviska Enskilda Banken Investment Management and Mitsubishi Trust in London.
Mike Rodgers
Risk & Compliance Manager
Mike graduated with a BA (Hons) from the University of Birmingham in 1979 and qualified as a Chartered Secretary in 1988. Mike is also a member of the International Compliance Association. He has experience in auditing, financial accounting and corporate law through his employment with listed and private companies in the financial services and industrial sectors. Since joining Tufton in 2003 Mike has primarily worked on fund management. His functions have included trading, middle office - settlement and reconciliations, legal documentation and compliance. Mike is Risk and Compliance Manager for the Isle of Man fund management operations.
Andrew Stone
Senior Analyst - Utilities and Alternative Energy
Andrew graduated in Economics and Political Science from the University of Birmingham in 1985. He has fifteen years experience of covering the European Utilities sectors, working for Hoare Govett, Daiwa Securities and BNP-Paribas, where he was Head of Sector. In 2003 Andrew switched his focus to small-cap stocks and subsequently created a New Energy and Emissions sector for Numis Securities. Andrew joined Tufton Oceanic in June 2006 and is responsible for coverage of Utilities, Nuclear, Renewables, Biofuels, Carbon Credits and Fuel Cells.
Andreas Vergottis
Head of Research
Andreas graduated with a PhD in Shipping Economics from City University Business School in 1989 and immediately joined Tufton Oceanic Ltd as a shipping analyst. He subsequently joined UBS Warburg as Head of Shipping Research in 1995 where in addition to regular research activities he was involved in numerous corporate transactions in the maritime sector. In 2002 Andreas rejoined Tufton Oceanic as Research Director with main responsibility for shipping analysis.
TUFTON TRANSPORT INVESTMENT FUND
Andrew Barker
CO CIO
Andrew has 21 years industry experience. 16 years with UBS Investment Bank / predecessors as Equity Analyst, Strategist and Managing Director; 4 years with easyJet from 2005, as Director of Planning, Strategy and Government Affairs.
2005-2008: easyJet plc. Member of easyJet Management Board from 2006, Director of easyJet Airline Co Ltd. Responsible for financial strategy; competitor strategy; network and future base planning; fleet planning; airport and environmental policy / lobbying; Competition Commission / OFT enquiries.
1992-2002: UBS Head of Global Transport Research, managing c.25 analysts around the world and setting subsector strategy. 2002-2004: Head of European Equity Strategy. BA (Hons) from Oxford University, Oriental Studies (Japanese)
Raymond Maguire
CO CIO
Raymond has 12 years experience on the buy and sell-side of capital markets with UBS Investment Bank / predecessors, as Equity Analyst, Portfolio Manager and Managing Director
2006-2008: Managing Director and Senior Trader in proprietary trading UBS, Hong Kong. Sole portfolio manager on ‘own book’, equity long/short market neutral portfolio: responsible for research, portfolio construction, risk management, position and FX hedging, and execution.
2002-2006: UBS Head of Global Transport Research, managing c.25 analysts around the world and setting subsector strategy. PhD Chemistry, University of Edinburgh
Sean Rose
Head of Reseach
Sean has 26 years experience in IT and airline industry, focusing on large-scale customer database design and analysis, airline network and pricing analysis, management info system design.
2001 - 2009: easyJet plc. Senior Manager responsible for IT and Management Info Systems, then Head of Network Planning: responsible for future network design, pricing and competitor analysis, commercial and operational long-range planning.
INVESTOR RELATIONS - EQUITY FUNDS
Sally Truscott Chapman
Investor Relations Manager, Middle Office Manager - Tufton Oceanic (Isle of Man) Limited
Sally joined Tufton in 2004, and manages Investors Relationships for the Oceanic Hedge Fund along with the associated middle office activities. Before joining Tufton Sally worked for Royal Bank of Scotland International as a Senior Relationship Manager for Corporate Clients of the Securities Services Group. Sally was also a Director of Royal Bank of Scotland Trust Company (Isle of Man). During the preceding seven years Sally managed the securities and banking functions for Coutts offshore.
MARKETING / CAPITAL RAISING - EQUITY FUNDS
Lucy Alexander
Equity Funds Marketing
Lucy graduated from Cambridge University in 1989. She has 18 years of experience in European financial markets. Lucy started her career at Lehman Brothers in European equity sales and subsequently worked at Merrill Lynch and Solomon Brothers in a similar capacity. In 2000 she joined Commerzbank Securities where she headed up the Italian equity sales desk and was co head of hedge fund sales. In 2004 she joined Hyde Park Investments raising capital for hedge funds and in 2004 co founded DNA Advisors, a hedge fund advisory and capital raising business. Lucy joined Tufton Oceanic in January 2007.
Michelle Tully
Equity Funds Marketing
Michelle has 17 years of experience in Global Financial Markets. She started her career at Morgan Stanley within the Private Wealth Management Group where she focused on managing assets for Ultra High Net Worth clients. Subsequently she worked at Merrill Lynch and CSFB in a similar capacity. In 2003 she joined Bear Stearns Investor Services again focusing on Ultra High Net Worth and Family office clients, raising capital for Bear Stearns Asset Management including single manager hedge funds, private equity and fund of funds. In 2005 she joined DNA Advisors, a hedge fund advisory and capital raising business before joining Tufton Oceanic in January 2007.
ASSET BACKED INVESTMENTS
Andrew Hampson
Managing Director - Asset Backed Investments
Andrew Hampson joined Bank of America in 1978 and after working in a number of operational and finance departments, he graduated through the bank's internal MBA level lending program. In 1986, he joined the bank's problem loan department and subsequently became a credit and marketing officer in their European shipping group through 1991. Following 10 years at Theisen Securities, where he further developed his corporate finance, marketing and analytical skills, he joined Tufton Oceanic in London. Andrew has in depth experience in handling shipping related projects with ECA's, Government Development Banks and also oil major tendering processes. Andrew has considerable experience in the Eastern European, Scandinavian and the Middle Eastern shipping markets. He is a Director of Tufton Oceanic Limited and is currently responsible for marketing and deal flow origination for Tufton's Asset Backed Investment products.
Jonathan Hill
Senior Executive Officer, Tufton Oceanic (Middle East) Limited
Jonathan graduated in Economic History from Sheffield University and subsequently qualified as a Chartered Accountant. In 1980 he joined the international quoted shipping group, Gotaas-Larsen, where he subsequently became Controller and worked on high yield bond and equity issues. In 1989 he joined Tufton Oceanic, initially as Finance Director, and then he worked on mezzanine ship finance projects. He is now responsible for developing fund management and ship leasing products and works closely with the Fund Management Team as well as maintaining responsibility for some corporate finance assignments. Jonathan is based in Dubai where Tufton Oceanic has a subsidiary company which is regulated by the Dubai Financial Services Authority.
Niklas Koresaar
Vice President Business Development - Asset Backed Investments
Niklas graduated with an MSC from City University, London in 1998. He has previously worked for Den norske Bank, Astrolabe Investment and DVB Bank with debt and equity related products and fund management within shipping and offshore markets. In 2004 Niklas joined Tufton focusing on marketing and structuring transactions for Tufton’s Asset Backed Investments.
Marcus Machin
Director - Tufton Oceanic (Middle East) Limited
A Law graduate of Cambridge University with senior shipping and project finance banking experience in London and Switzerland, latterly with Close Brothers Limited.
Based in Dubai for more than 12 years, initially as the Finance Director for a major regional participant in the oil services, ship-repair and fabrication and offshore vessel owning sectors, prior to establishing arabCapital in 2000. arabCapital is an active participant in ship finance and corporate advisory assignments in the Middle East region and has worked in association with Tufton Oceanic since its establishment in relation to marine and energy sector transactions.
Also a Director of Total Automation (Middle East) Limited, a specialist ship repair company ultimately owned by Wartsila Oy.
Paulo Almeida
Portfolio Manager - Oceanic Distressed Fund
Paulo received his MSc in Finance from London Business School in 2000 and a BSc in Naval Architecture and Marine Engineering from Webb Institute in 1995. He has nine years of investment banking and fund management experience at UBS and Macquarie. Shipping transactions he led at UBS received three deal of the year awards from Marine Money and Jane's Transport Finance. In 2009 Paulo joined Tufton to develop and execute investments for the Oceanic Distressed Fund.
CORPORATE SERVICES
Wendy John
Secretary/Administrator
Wendy joined Tufton in October 2002 and works as administrator attending to corporate service provision requirements of various clients maintaining statutory, due diligence, compliance records, as well as undertaking ship management duties.
Prior to joining Tufton, Wendy spent many years in Africa working as secretary within both private and listed companies including stockbrokers and investment holding companies, also for a number of years running her own successful retail business.
Janet Colquitt
Corporate Administrator - Marine Services (I.O.M.) Limited
Janet joined Tufton in 2002, and works as Corporate Administrator, maintaining all statutory requirements, together with required Financial Supervision Commission regulatory and compliance requirements.
Before joining Tufton Janet worked for over 25 years in the corporate industry having successfully run her own corporate administration business.
OPERATIONS
Anthony Haynes
Chief Financial Officer / Chief Operating Officer
Anthony Haynes (45) graduated with a BA from the University of Exeter and qualified as a chartered accountant with Deloites in 1988, specialising in financial services clients. Prior to joining Tufton Oceanic in May 2008, Anthony held a series of directorships and operational and financial management positions over a period of twelve years within the offshore operations of the Abbey Group. During this time he specialised in treasury operations in Hong Kong, international insurance and fund management in Dublin and offshore banking and treasury in Jersey. Anthony is a director of the company and has group responsibility for finance, risk, compliance and for the operations of the Oceanic Hedge Fund and the Oceanic Small Cap Fund.
Manish Chauhan
Chief Technology Officer
Manish graduated with a BSc (Hons) in Chemistry from King’s College, University of London in 1990 and holds the Certificate Quantitative Finance. He has 18 years experience in delivering technology solutions having held senior IT positions within front-office equity derivatives at Donaldson, Lufkin & Jenrette, capital market specialist Alpheus Solutions, futures electronic platform vendor Patsystems, delivering algorithmic trading platform at CQS Management, and an order management system product manager at the hedge fund administrator GlobeOp Financial Services. He joined Tufton in 2008 where he heads technology for the group.
Lisa Johnstone
Financial Controller, Company Secretary, HR Manager and Compliance Officer
Lisa joined Tufton Oceanic in August 1989 and has held several different accounting roles within the London office. She now manages the finance function in London and as part of this role is responsible for compliance, human resources and corporate administration. Lisa is a member of the Association of Chartered Certified Accountants (ACCA).
Tufton Oceanic has offices in London, Isle of Man, Dubai, Cyprus, Hong Kong and Singapore. Tufton Oceanic Limited is authorized and regulated by the Financial Services Authority. Oceanic Investment Management Limited, Oceanic Small Cap Management Limited, Tufton Transport Management Limited, Oceanic Asset Backed Finance Limited and Marine Services (IOM) Limited are licensed by the Financial Supervision Commission of the Isle of Man. Tufton Oceanic (Middle East) Limited is regulated by the Dubai Financial Services Authority. Tufton Oceanic Far East Limited is regulated by the Hong Kong Securities and Futures Commission. Tufton Oceanic Limited is registered in Singapore as a Representative Office. Tufton Oceanic Limited, registered in England, company registration number: 1835984. Registered office: 1 Albemarle Street, London, W1S 4HA.