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.

William Maltby
Chairman
Independent Director
Trudi Clark
Chairman of the Nomination and Remuneration Committee and Management Engagement Committee, Independent Director
John Martyn Falla
Chairman of the Audit Committee
Independent Director
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William Maltby, Chairman, Independent Director

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.

Trudi Clark, Chairman of the Nomination and Remuneration Committee and Management Engagement Committee, Independent Director

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, she 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, she was recruited by the Bank of Bermuda as Head of European Internal Audit, later moving into corporate banking. In 1995 she joined Schroders in the Channel Islands as CFO. She 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, she 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, Alcentra European Floating Rate Income Fund and The Schiehallion Fund Limited.

John Martyn Falla, Chairman of the Audit Committee, Independent Director

Appointed 21 December 2015

John Falla, a resident of Guernsey, is an Associate of the Institute of Chartered Accountants in England and Wales. He 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. He 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 his 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 he 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. He was also a director of a number of Edmond de Rothschild operating and investment entities. He 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
Senior Independent Director
Peter von Lehe
Head of Investment Solutions and Strategy
Managing Director
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Wilken von Hodenberg, Senior Independent Director

Appointed 21 March 2019

Wilken von Hodenberg is a businessperson with 35 years of experience in private equity, investment banking and senior management. He has been at the head of five difference entities and until recently occupied the position of Chairman of German Private Equity & Venture Capital Association.

He is a member of the Supervisory Board for Deutsche Beteiligungs AG since 2013. He is also a Non-Executive Director of Sloman Neptun AG, Schloss Vaux AG and Wepa SE.

From 2000-2013 he was CEO of Deutsche Beteiligungs AG. He also served as a Managing Director of Merrill Lynch in Frankfurt (1998-2000). Prior to this he 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).

Wilken is a lawyer in Hamburg and holds a Law degree from the University of Hamburg.

Peter von Lehe, Head of Investment Solutions and Strategy, Managing Director
Peter von Lehe, JD, is the Head of Investment Solutions and Strategy and is a Managing Director of Neuberger Berman. He is also a member of the Athyrium, Co-Investment, Private Investment Portfolios, Marquee Brands and Renaissance Investment Committees, as well as a member of the NB Insurance-Linked Strategies Underwriting Committee and a Chairman of NB Reinsurance Ltd. Mr. von Lehe sits on the Limited Partner Advisory Boards of a number of investment relationships globally on behalf of Neuberger Berman funds. Previously, Mr. von Lehe was a Managing Director and Deputy Head of the Private Equity Fund of Funds unit of Swiss Reinsurance Company. At Swiss Re, Mr. von Lehe was responsible for investment analysis and product structuring and worked in both New York and Zurich. Before that, he was an attorney with the law firm of Willkie Farr & Gallagher LLP in New York focusing on corporate finance and private equity transactions. He began his career as a financial analyst for a utility company, where he was responsible for econometric modeling. Mr. von Lehe received a BS with Honors in Economics from the University of Iowa and a JD with High Distinction, from the University of Iowa College of Law. He is a member of the New York Bar.
Corporate Governance and Governance Documentation
The Company is committed to high standards of corporate governance and the Board is responsible for ensuring those high standards are achieved. The Company is a member of the Association of Investment Companies and applies the Code of Corporate Governance issued by the Association of Investment Companies in the UK (“AIC Code”). The AIC Code provides boards with a framework of best practice in respect of the governance of investment companies. The Financial Reporting Council has confirmed that investment companies which comply with the AIC Code and follow its requirements will also meet any obligations arising from the UK Code of Corporate Governance.



The Board

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.

Audit Committee

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.

Management Engagement Committee

The Company has established a Management Engagement Committee which comprises all of the independent Directors and the Chair is Trudi Clark.

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.

Nomination & Remuneration Committee

The Company has established a Nomination & Remuneration Committee which comprises all of the independent Directors and the Chair is Trudi Clark.

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
Audit Committee Terms of Reference
Chair Tenure Policy
Diversity Policy
Management Engagement Committee Terms of Reference
NBPE - Schedule of Reserved Powers of the Board
NBPE AGM Circular
NBPE AGM Results
NBPE Articles of Incorporation
NBPE Notice of AGM
Nomination and Remuneration Committee Terms of Reference
SID Roles & Responsibilites
Succession Plan Policy
CONTACT INFORMATION
For general questions about NB Private Equity Partners Limited contact your NBPE representative.
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