RUBICON ASSET MANAGEMENT

Board of Directors

Gordon Fell / Executive Chairman and Managing Director

Prior to founding Rubicon in 2001, Gordon was the Joint Chief Executive of Ord Minnett, an independent Australian investment bank which was acquired in 2000 by Chase Manhattan (now JP Morgan).

Prior to that, he was Head of Corporate Finance at Ord Minnett. Before joining Ord Minnett he was a Director of Schroders Australia Corporate Finance and a management consultant with McKinsey & Company. Gordon holds a Bachelor of Science (Honours) and Bachelor of Laws (Honours) from the University of Sydney. He received a Doctor of Philosophy from Oxford University, where he was a Rhodes Scholar. He is a director of Allco Finance Group Limited ( ASX: AFG), the Chairman of Opera Australia, a Trustee of Sydney Grammar School and a director of The Smith Family.

Matthew Cooper / Executive Director

Matthew’s experience includes accounting, investment banking and funds management. Previously he was a director within the investment banking team of Ord Minnett. Prior to that, he was with UBS Warburg Corporate Finance, spending six years with the Bank. Matthew holds a Bachelor of Commerce from Victoria University ( New Zealand). He received a Master of Applied Finance from Macquarie University and is a Chartered Accountant ( New Zealand).

Peter Barnes / Non-Executive Independent Director

Peter was an Executive Director and Managing Director of development company CRI Australia for 20 years prior to spending three years as a development and property consultant with Ernst & Young and Urbis JHD. Peter is an Independent Director of Macquarie Goodman Wholesale Fund, Chairman of the Investment Committee of the FKP Core Plus Fund and a member of the Investment Committee of the Charter Hall Core Fund. He is a Fellow of the Australian Property Institute and holds a Bachelor of Commerce from the University of New South Wales.

Ray Kellerman / Non-Executive Independent Director

Previously, Ray worked for 10 years at Perpetual Trustees Australia before establishing his own compliance consulting and advisory business in 2001. Ray currently acts as a compliance committee member, audit and risk committee member and director for a number of major fund managers and financial institutions including Credit Suisse Asset Management Australia, MMC Asset Management, Macquarie Bank, Suncorp, IAG and Allco. Ray holds a Bachelor of Economics and Laws, a Master of Business Administration, and a diploma from the Securities Institute of Australia. He is also an associate of the Australian Compliance Institute.

David Simpson / Non-Executive Independent Director

David is an experienced corporate lawyer, specialising in large scale mergers and acquisitions, both public and private, and international offerings of debt and equity securities. Until recently he was a partner in Freshfields Bruckhaus Deringer (Freshfields), one of the world’s largest law firms and before that a partner in one of Australia’s leading law firms, Allen Allen & Hemsley (now Allens Arthur Robinson) (Allens). From 1991 to 2004 he was based in Asia as a corporate lawyer in Indonesia from 1991 to 1997 and Singapore from 1997 to 2004. He was the managing partner of both the Allens and the Freshfields offices in Singapore and has worked on some of the largest transactions in South Asia. David holds a Bachelor of Economics and Bachelor of Laws (Honours) from the University of Sydney and a Master of Laws from Cambridge University.

Rubicon Special Events Fund

Matthew Cooper / Portfolio Manager, Australian Special Events (including Rubicon M & A Fund)
(as above)

Rubicon International Leaders Fund

Michael Tiedemann / Portfolio Manager

Michael is Director, Investment Management, and is responsible for all facets of the asset allocation and manager selection process at Tiedemann Trust Company. Michael performs the quantitative and qualitative evaluation of investment managers and is responsible for maintaining contact with fund managers and monitoring their performance. Mr Tiedemann began his career working within the Tiedemann Investment Group, assisting the Emerging Markets fund manager with research on Latin America. He then joined Banco Garantia, a leading Brazilian investment bank, in 1994, and lived in Brazil while working in the equity research department. Upon his return to New York, he headed up sales and trading for Banco Garantia’s top-ranked Brazilian equity brokerage division. In 1998, he moved to Credit Suisse First Boston, when the two banks merged. He remained at CSFB as Vice President, heading up the sales trading efforts for Latin America and other Emerging Markets until 2000. Michael graduated from Ohio Wesleyan University with a Bachelor of Arts degree in Psychology.