Caledonia’s investment management team consists of the following principal members, each with their unique skills and experience that, when combined, have enabled Caledonia to achieve its marked investment success.

Tim Ingram - Chief Executive

Stephen King - Finance Director

Charles Cayzer - Executive Director

Jamie Cayzer-Colvin - Executive Director

John May - Executive Director

Will Wyatt - executive director

Tony Hambro - Associate Director

Mathew Masters - Associate Director

Mark Neale - Investment Analyst

	Tim Ingram
	After an early career in international banking, he was finance director and later chief executive of First National Finance Corporation from 1992 and a managing director of Abbey National from 1996 to 2002. He was appointed Chief Executive of Caledonia in 2002 and is also a non-executive director of Alok Industries, ANZ Bank (Europe), Sage Group and Savills.

	Stephen King
	After qualifying as a chartered accountant, Mr King held senior financial positions with Lonhro Plc, Lucas Industries plc, Seeboard Plc and was Group Finance Director of Midlands Electricity plc before his appointment as Group Finance Director of De La Rue Plc from 2003 to March 2009. He is also a non-executive director of Weir Group plc, where he is Chairman of the Audit Committee.

	Charles Cayzer
	Having gained experience of merchant banking, commercial banking and corporate and project finance with Baring Brothers, Cayzer Irvine and Cayzer Ltd, he was appointed a director of Caledonia in 1985. He is chairman of Easybox, Edinmore and The Sloane Club and a non-executive director of Eredene Capital and Varun Shipping.

	Jamie Cayzer-Colvin
	He joined the Caledonia group in 1995, initially working at its Amber specialty chemicals subsidiary before becoming an investment executive at Caledonia in 1999. He was appointed an associate director in 2002 and a director in 2005. He is a non-executive director of Celerant, Close Brothers, Eddington Capital Management, Ermitage, India Capital Growth Fund and Polar Capital Holdings.

John May

Appointed an executive director of Caledonia in 2003, he worked for the Hambros Group for over 20 years until 1999, where he was an executive director of Hambros Bank and joint managing director of Hambro Countrywide. He then ran his own private equity investment and consultancy business. He is chairman of Amber Chemicals and a non-executive director of Begbies Traynor, British Empire Securities, Oval, Rathbone Brothers and Satellite Information Services.

Will Wyatt

He joined the Caledonia group in 1997 from Close Brothers Corporate Finance, working at Sterling Industries before transferring to Caledonia's head office in 1999 as an investment executive. He was appointed an associate director in 2002 and a director in 2005. He is a non-executive director of Avanti Communications, Bristow Group, Cobepa, Melrose Resources, Terrace Hill, TGE Marine and chairman of Sterling Industries.

	Tony Hambro
	Was a consultant to Caledonia from November 2002. Joined as an Associate Director in July 2003. After a 17 year banking career at Samuel Montagu and Grindlays Bank, in 1984 he set up his own corporate finance consultancy, Anthony Hambro & Co, mainly involved in post-Big-Bang stockbroking consolidation. From 1994 – 2002, he was an executive director of Ockham Holdings PLC.

	Mathew Masters
	Has worked for Grant Thornton in their corporate finance team and also with a private equity house before joining Caledonia in 2006. He is an associate director within Caledonia's investment team and is a non-executive director of several of Caledonia's portfolio companies.

	Mark Neale
	After having worked for 6 years in the fund management industry and a further ten years with Dresdner Kleinwort Wasserstein as an investment analyst, he joined Caledonia in May 2003. He is an Associate Member of the Society of Investment Professionals.