Governance
Management
Deminor Investment Management is managed by its Board of Directors, which presently comprises the following members:
Erik Bomans
Olaf Ephraim
Pierre Nothomb
Charles Demoulin
Joe Tabbers
Pierre Nothomb is managing director of Deminor Investment Management and Portfolio Manager. Charles Demoulin is responsible for risk & compliance within the Board of Directors.
Investment decisions are validated by the Board of Directors on the basis of proposals submitted by the Portfolio Manager.
The credentials and short biography of the members of the Board of Directors are set out below.
Erik Bomans (1968) joined Deminor International as a consultant in 1995 and became a partner in 2000. Erik has advised investors on corporate finance transactions, special situations and investor protection. Within the partnership, Erik was in charge of setting up Deminor's Italian office in collaboration with Umberto Mosetti in August, 2001. More recently, Erik has started developing Deminor's activities in Germany. Prior to joining Deminor, Erik practised as a lawyer at the corporate law department of Linklaters De Bandt in Brussels (1993-1995). Erik was admitted to the Brussels bar in 1996. Erik has a law degree from the University of Leuven (Belgium) where he graduated in 1991. In 1993 he graduated from the Johns Hopkins University (Washington, D.C.) as a Master of Arts in international politics and economics. In 1997-1999 he pursued a two year executive program in financial analysis organised by the Belgian Association of Financial Analysts (ABAF) and subsequently obtained the European diploma of certified financial analyst (1999). Erik is a 39 year old Belgian citizen.
Olaf Ephraim (1965) held various senior management positions in investment banking. He started in the financial industry in 1987 as a bond trader for the Dutch merchant bank, Mees Pierson, which was later acquired by Fortis. Olaf's experience includes (proprietary) trading, risk management, derivatives and venture capital. His last position with Fortis was Co Head Global Securities Lending and Arbitrage, GSLA, a successful international proprietary trading department with offices in Europe the US and Asia. Olaf obtained a degree in Business Economics from the University of Amsterdam (1987). He has been a speaker and teacher on various seminars, work shops and courses, mostly for the Dutch Institute of Banking and Securities (NIBE). Olaf is a 41 years old Dutch citizen.
Pierre Nothomb (1962) joined Deminor International at its launch in 1991. He has been a partner of Deminor International for more than 14 years. Pierre is specialised in corporate finance. He initiated the creation of the voting services for institutional investors in 1998. Since he joined Deminor, Pierre has been involved in a number of assignments to assist shareholders of public and privately held companies. Prior to joining Deminor, he spent three years as a corporate finance consultant with Petercam Securities, a leading corporate finance group in Belgium. He participated in IPOs, takeovers, bond issues, and classical M&A transactions. He was also in ongoing contact with institutional shareholders in the block trading management. After his academic career, he spent three years with Coopers & Lybrand (now PricewaterhouseCoopers) as an auditor. He was based in Brussels and had several assignments in Luxembourg, in the field of financial and accounting assistance for investment funds. Pierre obtained a degree in applied economics at the Université Catholique de Louvain (IAG) in 1986. He is a Belgian citizen and is 45 years old.
Charles Demoulin (1973) joined Deminor in 1999 and became a Partner in 2008. Charles is mainly in charge of shareholder engagements on behalf of investors in listed companies. Together with the other director of The Governance Platform, Charles will actively participate in the execution of engagements with European listed companies on behalf of the Platform's members. He is also responsible for the shareholder engagements on behalf of the Deminor Active Governance Fund (DAGF), as well as for legal and compliance functions with the DAGF. Before joining Deminor, Charles had spent two years as a lawyer with the Brussels office of Loeff Claeys Verbeke (Allen & Overy Belgium). He holds a Master of Laws from the Université Catholique de Louvain and a postgraduate in Corporate Finance from the Katholieke Universiteit Leuven.
Joe Tabbers (1948) joined Deminor in 2010 as Director of DIM. He held various senior positions in commercial and private banking with various banks. The last 20 years of his carreer he was mainly acting in the investment fund industry where was involved in all kind of issues (legal, tax, operations, governance) His last (2001-2009) position was Managing Director of Fastnet Netherlands N.V. in which he was responsable for the (operational) servicing of a great number of listed as well as non-listed Dutch investment Funds.He also was a board member of a Depository and an executive member of the Board of a Euronext listed investment fund.
Joe has a great experience in the field of investment fund operations, structuring and governance.
The Depositary
Stichting Deminor Active Governance Fund is the Depository of the Fund, a foundation (stichting) under the laws of the Netherlands. The board of directors of the Depository presently comprises Mr. Josef Gerard Marie Tabbers and Ms. Karina Anna Christina Wirschell and Jasper van der Sluis.
The Depositary is specialised in the safekeeping of assets and liabilities of contractual investment funds such as the Fund and is known for being professional and reputable. The Depositary has no shareholders and is not affiliated with any company within the Deminor Group. The purpose of the Depositary is limited to acting as Depositary (bewaarder) of investment funds, including the acquisition, holding and disposal of legal title securities and other assets for the account of such fund's investors. The Depositary shall act with due observance of the Placing Documents, solely upon the instructions of the Manager and in the interest of the Unitholders.
The Administrator
The Manager has engaged Fastnet Netherlands N.V. as the Fund's Administrator and delegated to it certain financial, accounting, administrative and other services to the Fund. The Administrator will perform the following services under the supervision of the Manager and, where appropriate, the Depositary:
- General administration of the Fund Assets;
- General administration of the Register;
- Weekly calculation of the Net Asset Value and the Net Asset Value per Unit;
- Provide information to the Manager to enable the Manager to comply with reporting requirements;
- Provide information to the Manager for the composition of the (semi-) Annual
Accounts, the Quarterly Investor Report and the Monthly Investor Report;
- Monitor compliance by the Fund with the Placing Documents, in particular the
Fund's investment objective, strategy and restrictions.
The Administrator is part of the Fastnet organisation, with operations in Luxembourg, Belgium, France, Ireland, Italy and The Netherlands. The Administrator is widely known for its expertise in the area of financial administrative services, in particular fund administration services. The Administrator is not affiliated with any company within the Deminor Group.