Herald - Funds | Herald Investment Trust

Welcome to the website for Herald Investment Management Limited (HIML). These pages provide a brief introduction to HIML and details of the funds it manages, currently Herald Investment Trust (HIT), the Herald Worldwide Fund (HWF) and Herald Ventures LP (HVLP).

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Home > Funds > Herald Investment Trust > Directors

Julian Cazalet (Chairman), was appointed to the Board in 2008 and became Chairman in 2009. He was managing director – corporate finance at JPMorgan Cazenove until his retirement in December 2007. A Chartered Accountant he joined Cazenove in 1973 and was made a Partner in 1978. From 1989 he worked in Corporate Finance and advised investment trusts in addition to his work with industrial and commercial companies. He is a director of the White Ensign Association Limited, Deltex Medical Group plc, Charles Taylor Consulting plc, Cothill Educational Trust and Greenham Common Community Trust.

Clay Brendish,CBE was appointed to the Board in 2001. He has been non-executive chairman of Anite plc since 2005 and SThree plc since 2010. He is a trustee of the Economist Newspapers Limited. Clay’s other non-executive directorship is with The Test
and Itchen Association Limited. He is a member of the Administrative Board of Elster Group. He has seen in the computer systems environment and high technology industry for over 30 years. He was formerly executive chairman of Admiral plc and, in turn, deputy chairman of CMG plc when the companies merged. He has also held a number of Government advisory posts.

Tim Curtis was appointed to the Board in 2004. He was chief executive of Zetex plc (formerly Telemetrix PLC), and is non-executive chairman of RaceCourse Technical Services Ltd. Former non-executive directorships were with IBS OPENSystems plc between 2005 and 2008, TVS Entertainment plc, Dobson Park Industries plc and Pace Micro Technology plc. Tim was previously a director of Unitech plc.

Douglas McDougall, OBE was appointed to the Board in 2002 and is Chairman of the Audit Committee and the senior independent director. He has extensive experience in the fund management industry and is a former senior partner of Baillie Gifford & Co. He
is chairman of The Law Debenture Corporation plc, The European Investment Trust plc, The Independent Investment Trust PLC and The Scottish Investment Trust PLC and is a director of The Monks Investment Trust PLC and Pacific Horizon Investment Trust PLC. He is a former chairman of IMRO, of the Association of Investment Companies and of the Fund Managers’ Association.

Stewart Newton was appointed to the Board on 6 January 2012. He is chairman and a founder director of The Real Return Group Limited and is non-executive director of Solon Ventures Limited. He was the founder and executive chairman of Newton Investment
Management from 1977–2002. He also sits on the Investment Advisory Committee of The Wellcome Trust and is a Council Member at Imperial College, where he is Chairman of the committee managing the College Fund.