Lead Manager

SECTION 4
BOARD, MANAGEMENT AND CORPORATE GOVERNANCE
4.2 EXECUTIVE COMMITTEE
Babcock & Brown’s management team has extensive experience in a variety of areas relevant to Babcock &
Brown’s underlying businesses.The Group’s global activities will be managed by the Executive Committee which
will consist of the Executive Directors and the Executives listed below.The Executive Chairman and Managing
Director will lead this committee.The Executive Committee will perform the following roles:
• Provide strategic direction for the Group’s activities
• Have delegated authority to deploy capital
• Oversight of Group operations and administration
The biographies of the Executive Committee are listed below.
Executive Directors – see biographies in Board of Directors Section
Daniel Brickman coordinates the Group’s Structured Finance activities worldwide. He joined Babcock & Brown
in 1986. Prior to joining Babcock & Brown, Dan was Vice President and Manager of leveraged leasing for the
Chrysler Capital Corporation. Dan is a graduate of Denison University. He is based in the Greenwich office.
Tim Duncan has geographic responsibility for the UK and coordinates a variety of European business activities.
He joined Babcock & Brown in 1990. Prior to joining Babcock & Brown,Tim was an in-house solicitor at Bank
of America International Limited and then at Security Pacific National Bank, specialising in asset finance.Tim
graduated from Aston University with a Bachelor of Science in Business Studies/Law and is a qualified solicitor.
He is based in the London office.
Peter Hofbauer manages the Australian Infrastructure and Project Finance team and coordinates the Group’s
infrastructure and project finance activities worldwide. He joined Babcock & Brown in 1989 and has worked in
both the Sydney and London offices of Babcock & Brown. Prior to joining Babcock & Brown, Peter worked
with Price Waterhouse and Partnership Pacific Limited/Westpac Bank. Peter is a director of Prime Infrastructure
Management Limited and Environmental Infrastructure Limited. Peter holds a Bachelor of Business degree from
Swinburne University. He is a member of the Institute of Chartered Accountants and the Taxation Institute of
Australia. He is based in the Sydney office.
Michael Maxwell manages the Australian and European Real Estate teams and coordinates the Group’s real estate
activities worldwide. He joined Babcock & Brown in 1992. Prior to joining Babcock & Brown, Michael was an
executive director of Morgan Grenfell Australia Limited where he specialised in both domestic and cross-border
corporate finance transactions. He began his career as a corporate lawyer with Mallesons Stephen Jaques. Michael
is a director of Grand Hotel Group Limited. Michael holds a Bachelor of Economics and Bachelor of Laws
degree from the University of Sydney. He is based in the Sydney office.
David Ross is the Group Chief Operating Officer. He joined Babcock & Brown in 2004. Prior to joining
Babcock & Brown, David was with Lend Lease Corporation for over 10 years where he held positions as CEO of
General Property Trust, CEO of Lend Lease,Asia Pacific and Global and US CEO, Real Estate Investments. David
holds a Bachelor of Commerce degree from the University of Western Australia. He is based in the Sydney office.
Robert Topfer coordinates the Group’s Corporate Principal Investment and Funds Management activities
worldwide. He joined Babcock & Brown in 2000. Prior to this Robert was a founding partner of the law firm
Atanaskovic Hartnell and prior to that a partner of Allen Allen & Hemsley. Robert is also a director of
Commander Communications Limited, ERG Limited and PrimeLife Corporation Limited. Robert holds a
Bachelor of Law and Arts from the Australian National University. He is based in the Sydney office.
Richard Umbrecht manages the US Special Products team and coordinates the Group’s Special Products activities
worldwide. He joined Babcock & Brown in 1995. Prior to joining Babcock & Brown, Rich was a tax partner at
Morgan, Lewis & Bockius where he specialised in domestic and international leasing and asset-based finance
transactions. Rich received his B.S. in Economics and Management from Widener University and his J.D. from
Villanova University Law School where he also held a position as an adjunct professor in the Graduate Tax
Program. He is based in the United States.
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