Board of Directors
The Board of Directors is responsible for the overall strategic direction of NBPE. The Board has appointed Neuberger Berman Private Equity as the investment manager responsible for the day-to-day management and investment decisions.
Trudi Clark
Appointed 21 March 2019
William Maltby was vice chairman of Investment Banking at Deutsche Bank where he worked for more than 25 years. Mr. Maltby spent a further six years as a Senior Adviser to the Investment Banking Division of Deutsche Bank. Mr. Maltby was a corporate financier specialising in financial sponsors and leveraged finance, and was head of Deutsche Bank’s European Financial Sponsor Coverage and Leveraged Finance businesses. He joined Morgan Grenfell in 1984 which was acquired by Deutsche Bank in 1989.
Mr. Maltby was chairman of Mithras Investment Trust Plc, a private equity fund of funds investment trust listed on the London Stock Exchange from 2012 to 2018, when it completed a successful realisation strategy.
Mr. Maltby is also chairman of Ekins Guinness LLP and a non-executive director of Pension SuperFund Capital GP II Limited. He qualified as a Chartered Accountant with Peat Marwick and has a law degree from the University of Cambridge.
Appointed 24 April 2017
Trudi Clark qualified as a Chartered Accountant with Robson Rhodes in Birmingham, after graduating in Business Studies. Moving to Guernsey in 1987, Ms. Clark joined KPMG where she was responsible for an audit portfolio including some of the major financial institutions in Guernsey. After 10 years in public practice, Ms. Clark was recruited by the Bank of Bermuda as Head of European Internal Audit, later moving into corporate banking. In 1995 Ms. Clark joined Schroders in the Channel Islands as CFO. Ms. Clark was promoted in 2000 to Banking Director and Managing Director in 2003. From 2006 to 2009, Ms. Clark established a family office, specialising in alternative investments. From 2009 to 2018, Ms. Clark returned to public practice specialising in corporate restructuring services. Ms. Clark has several Non-Executive Director appointments for companies both listed and non-listed investing in property, private equity and other assets. Other public company directorships: BMO Commercial PropertyTrust Limited, River and Mercantile UK MicroCap Investment Company Limited and The Schiehallion Fund Limited.
Appointed 21 December 2015
John Falla, a resident of Guernsey, is an Associate of the Institute of Chartered Accountants in England and Wales. Mr. Falla has a degree in Property Valuation and Management from City University London and is a Fellow of the Chartered Institute for Securities and Investment, holding their diploma. Mr. Falla qualified as a Chartered Accountant with Ernst and Young in London, before transferring to their Corporate Finance Department, specialising in the valuation of unquoted shares and securities, including private equity holdings. On Mr. Falla’s return to Guernsey in 1996 he worked for an International Bank before joining The International Stock Exchange (formerly Channel Islands Stock Exchange) in 1998 on its launch as a member of the Market Authority. In 2000 Mr. Falla joined the Edmond de Rothschild Group. Although based in Guernsey he provided corporate finance advice to international clients including open and closed-ended funds, and institutions with significant property interests. Mr. Falla was also a director of a number of Edmond de Rothschild operating and investment entities. Mr. Falla has been a non-executive director of London listed companies for a number of years, and is now a full-time non-executive director and consultant.
Other public company directorships:
- KKV Secured Loan Fund Limited
- CIP Merchant Capital Limited
- Marble Point Loan Financing Limited
Wilken von Hodenberg
Appointed 21 March 2019
Wilken von Hodenberg is a businessperson with 38 years of experience in private equity, investment banking and senior management. Mr. von Hodenberg has been at the head of five different entities and until recently occupied the position of Chairman of German Private Equity & Venture Capital Association.
Mr. von Hodenberg was a member of the Supervisory Board for Deutsche Beteiligungs AG since 2013 and left this position in February 2020. He is also a Non-Executive Director of Sloman Neptun AG, Schloss Vaux AG and Wepa SE.
From 2000-2013 Mr. von Hodenberg was CEO of Deutsche Beteiligungs AG. Mr. von Hodenberg also served as a Managing Director of Merrill Lynch in Frankfurt (1998-2000). Prior to this Mr. von Hodenberg was Managing Director at Baring Brother GmbH (1993-1997). From 1990-1992 he was CFO of Tengelmann Group, a major German retailing group. He started his career at JPMorgan in New York and Frankfurt (1983-1989).
Mr. von Hodenberg is a lawyer in Hamburg and holds a Law degree from the University of Hamburg.
The Board comprises of five non-executive Directors, William Maltby (Chairman), Wilken von Hodenberg (Senior Independent Director), John Falla, Trudi Clark and Peter von Lehe. All Directors other than Peter von Lehe are regarded as independent Directors.
The Board delegates certain responsibilities and functions to the Audit Committee, which comprises all of the independent Directors and the Chair is John Falla.
The Audit Committee meets at least three times a year. The members of the Audit Committee consider collectively that they have the requisite skills and experience to fulfil the responsibilities of the Audit Committee.
The Audit Committee provides oversight and reassurances to the Board, particularly with respect to financial reporting, audit and risk management. They will review the scope and results of the external audit and the independence and objectivity of the external auditors, including the provision of non-audit services. See NBPE’s Audit Committee Terms of Reference for further details.
The Management Engagement Committee meets at least once a year.
The Management Engagement Committee’s principal function is to review annually the terms of the Investment Management Agreement between the Company and the Investment Manager. The Management Engagement Committee also reviews annually the performance and terms of engagement of key service providers. See NBPE’s Management Engagement Committee Terms of Reference for further details.
The Nomination & Remuneration Committee’s main function is to assist the Board in filling vacancies on the Board and its committees and to review and make recommendations regarding Board structure, size, composition and remuneration. See NBPE’s Nomination & Remuneration Committee Terms of Reference for further details.
Documentation |
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Audit Committee Terms of Reference
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Chair Tenure Policy
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Diversity Policy
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Management Engagement Committee Terms of Reference
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NBPE - Schedule of Reserved Powers of the Board
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NBPE AGM Circular
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NBPE AGM Results
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NBPE Articles of Incorporation
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NBPE Notice of AGM
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Nomination and Remuneration Committee Terms of Reference
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SID Roles & Responsibilites
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Succession Plan Policy
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