Invista Real Estate

Douglas Ferrans was appointed to the Board on 14 June 2006 and became Chairman in April 2009. He was appointed Executive Chairman on 20 January 2011. Douglas started his career at Scottish Amicable in 1977, gaining experience in many different business areas before becoming Chief Executive of Scottish Amicable Investment Managers Limited in 1995. He was Marketing Director at Britannic Asset Management Limited from October 1997 to May 2001. In June 2001, Douglas became the Chief Executive of Insight Investment and later became Chairman before his departure from Insight in December 2008. Douglas is a Fellow of the Faculty of Actuaries and is also Chairman of the Investment Management Association.

Philip Gadsden was appointed Deputy Chief Executive Officer in May 2007, having previously held the role of Chief Financial and Operating Officer. He joined Insight Investment in October 2003 as Head of External Funds. Prior to that, he co-founded the specialist property boutique Gatehouse Investment Management, having previously been a Director of LaSalle Investment Management. He is a Fellow of the Royal Institution of Chartered Surveyors and a member of the Investment Property Forum. Philip was appointed to the Board on 20 April 2006.

Guy Eastaugh joined Invista in May 2007 in his current role. A Chartered Accountant, Guy began his career at PricewaterhouseCoopers, qualifying in 1987. Guy subsequently spent six years in investment banking before moving into industry in 1995. He worked at Enron Europe Limited before joining Hanson plc as Head of Corporate Development in 1999. Prior to joining Invista, Guy was Head of Corporate Finance and Corporate Director – Strategy at GKN plc, a company he had been with since 2003. Guy was appointed to the Board on 1 May 2007.

Olivia Dickson was previously a Managing Director at JP Morgan where she held a number of senior roles including Head of Private Client Brokerage and Head of European Derivatives Brokerage. More recently, she has served as a Senior Adviser to the Financial Services Authority. Olivia is a non-executive Director of Canada Life Limited, a Trustee Director and Chair of the Risk and Assurance Committee of the Mineworkers’ Pension Scheme, and a member of the Financial Reporting Council’s Board for Actuarial Standards, the Financial Services Authority’s Regulatory Decisions Committee and the Pensions Regulator’s Determinations Panel. Olivia was appointed to the Board on 14 June 2006.

Douglas Gardner was previously at Tarmac plc, carrying out the role of Chief Executive of the Property Division until 1983. He then moved to Brixton Estate plc serving as Managing Director until 1993, when he became Chairman and Chief Executive. Since retiring from Brixton in 2000, Douglas has focused almost exclusively on the real estate fund management industry and holds a number of Non-Executive Directorships, including Invesco Property Income Trust Limited and Hirco plc. Douglas is a Fellow of the Royal Institution of Chartered Surveyors. He was appointed to the Board on 1 January 2010.

Steve Colsell joined HBOS plc in August 2006 as Finance Director of the Insurance and Investment Division. In January 2009, following the acquisition of HBOS by Lloyds, he became the Finance and Strategy Director, Wealth and International Division for Lloyds Banking Group plc. Steve started his career at Allied Dunbar in 1985, working in various actuarial roles before becoming Head of Treasury for Zurich Financial Services in 1998. He later held a number of senior finance positions for Zurich before joining Kensington Group plc as Finance Director in 2004. Steve is the Lloyds Bank nominated member of the St. James’s Place Boards. Steve is a Fellow of the Institute of Actuaries. He was appointed to the Board on 1 April 2009.