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Law Debenture Corp. Plc

Law Debenture Corp. Plc

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: United Kingdom


: | London Stock Exchange: LWDB


Law Debenture Corp. Plc is a Closed-End Investment Fund/Investment Trust. It provides services, including corporate and pension trusts, agent for service of process, treasury management and corporate services, including for special purpose vehicles, structured finance administration and whistleblowing services. The company was founded in 1889 and is headquartered in London, The United Kingdom.

Executives

Christopher Smith, Chairman
Christopher is also a member of the Nominations, Audit and Remuneration Committees. He is Chairman of L.D.C. Trust Management Limited and of our Trust Company in New York. Christopher Smith’s background is in corporate finance. He has over 30 years’ experience in corporate finance and equity capital markets and was Managing Director – Corporate Finance for JP Morgan Cazenove. He is a director of CG Asset Management Limited and of Allchurches Trust Limited. Christopher joined the board in March 2009 and became Chairman in April 2013.
Caroline Banszky, Managing Director
Caroline’s background is as a Chartered Accountant. She originally trained at what is now KPMG, before joining industry. Prior to joining Law Debenture, she was the Chief Operating Officer of SVB Holdings plc, now called Nova plc, a Lloyd’s listed integrated vehicle. Before that, she was Finance Director of N.M. Rothschild & Sons Limited. Caroline was appointed to the board in January 2002 and became Managing Director on 9 April 2002
John Kay, Non-executive Director
John Kay is a business economist, writer and broadcaster. He founded London Economics, Britain’s largest independent economic consultancy and is a visiting Professor at the London School of Economics. He is also a non-executive director of SVM UK Active Fund plc, Value and Income Trust plc and Scottish Mortgage Investment Trust plc. . John Kay writes a weekly column for the Financial Times and is currently leading the Kay Review of UK equity markets at the request of the Secretary of State for Business. The review is examining investment in UK equity markets and its impact on the long term performance and governance of UK quoted companies. John became a director in September 2004.
Robert Laing, Non-executive Director
Robert is a lawyer. He was admitted as a solicitor in England in 1977 and in Scotland in 1985. He worked for Slaughter and May from 1975 to 1985, when he joined Maclay Murray & Spens. He has been a partner in that firm (now Maclay Murray & Spens LLP) since 1985 and chairman since June 2010. He is a non-executive director of The Independent Investment Trust.
Mark Bridgeman, Non-executive director
Mark Bridgeman spent 19 years with Schroder plc as an analyst and then fund manager, rising to become Global Head of Research. Previous roles at Schroders included Head of Pan European Research, Head of Global Sector Research, and Emerging Markets Fund Manager. During his career, he enjoyed successful long term secondments in Australia and the United States. Mark left Schroders in 2009 to manage a rural estate and farming business in Northumberland. He retains close links with the fund management industry and is a non-executive director of JP Morgan Brazil Investment Trust, The Eastern European Trust (managed by Blackrock), and North East Finance (Holdco) Limited, a venture capital fund of funds targeting SMEs in the North East of England. He is also on the boards of two charities. Mark joined the board in March 2013.
James Henderson, Portfolio Manager
He first became involved in the management of Law Debenture’s portfolio in 1994 and took over sole management of the portfolio in June 2003. James Henderson joined Henderson global Investors in 1983 and has been an investment trust portfolio manager since 1990, managing Lowland Investment Company plc since then and Henderson Opportunities Trust plc since January 2007. James is very much a value driven fund manager and seeks out opportunities among large, medium and small companies where he believes that stocks are trading more cheaply than they should, based on management’s performance and the prospects for the company. James is a passionate advocate of the prospects for equities over other investments in the long term.

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