KPMG - IERE

Part II
Directors, Management & Administration
Directors of the Company
The Directors are responsible for the determination of the Company’s investment objective and policy
and have overall responsibility for the Group’s activities including the review of investment activity
and performance.
The Directors are as follows:
Tom Chandos – Non-Executive Chairman
Viscount Tom Chandos, age 53, is chairman of the real estate group Capital & Regional plc and the
specialist investment company Queen’s Walk Investment Limited and sits on the board of a number
of other publicly traded and private companies. He has a background in investment banking and
venture capital, originally at a predecessor firm of Dresdner Kleinwort. He is a Trustee of the Esmee
Fairbairn Foundation and a member of its investment committee. He is a Labour member of the
House of Lords.
Michael Chidiac – Non-Executive Director
Michael Chidiac, age 40, is the Founder and Managing Director of RealCorp Luxembourg SA, a real
estate services company in Luxembourg. Since 1987, Michael has held various London based roles,
consulting in residential and commercial real estate. From 1998 to 1999 he was a valuer and
investment advisor at Jones Lang LaSalle in Luxembourg. In 1999 he was a co-founder of Property
Partners S.A. in Luxembourg, an associate office of Cushman Wakefield Healey & Baker. Michael is
resident in Luxembourg and a member of the Royal Institution of Chartered Surveyors.
John Frederiksen – Non-Executive Non-Independent Director
John Frederiksen, age 58, is chairman of the Danish Property Federation and of several major
Danish property companies. He established and was managing director of Bastionen A/S, one of the
largest Danish property investment companies from 1986 to 2001, and was Chairman of ASC, the
largest property management company in Denmark, from 1990 to 1998. John is a non-executive
director of Insight Foundation Property Trust. Insight Foundation Property Trust Limited is
managed by the Investment Manager and John is therefore considered to be a ‘‘non-independent
director’’ under the Listing Rules. John is resident in Denmark.
Robert Kimmels – Non-Executive Director
Robert Kimmels, age 37, is the Assistant Managing Director of the Company’s Administrator Citco
(Luxembourg) S.A. He joined the company in 1997 as a Trust Officer and has worked in Citco’s
Amsterdam, Geneva and Brussels offices. From 1993 to 1997, Robert was an Associate at Martello
Holdings N.V in Rotterdam, a consultancy firm offering strategic and financial advice and project
management in distressed property situations to banks, real estate companies and receivers. Robert is
resident in Luxembourg.
Duncan Owen – Non-Executive Non-Independent Director
Duncan Owen, age 38, is the Chief Executive Officer of Invista. Duncan joined Invista in October
2003 as Managing Director of the then property division of Insight Investment Management Limited,
responsible for overseeing the division’s strategy, and was appointed a main board director in
February 2005. Whilst at Invista, Duncan led the establishment of the Insight Foundation Property
Trust Limited which he oversees. He joined Insight Investment Management Limited from the
specialist real estate fund management boutique, Gatehouse Investment Management, which he cofounded
in 2001. He was a director at LaSalle Investment Management and a partner at Jones Lang
Wootton. Whilst at LaSalle Investment Management, Duncan undertook transactions in a range of
countries including France, Belgium, Spain and Italy.
Duncan has over 16 years’ experience in the industry, is a member of the Royal Institution of
Chartered Surveyors, a member of the Investment Property Forum in the UK, sits on the British
Property Federation Policy Committee and is an FSA Approved Person.
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