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MANAGED FUNDS TEAM

	Stephen Jones Chief Investment Officer Stephen joined Principal in April 2010 following a 15 year career with Gartmore, where was the Head of pan-European Equities (including the UK) and previously had been Interim Head of UK Equities and a member of Gartmore’s board. Prior to this Stephen spent ten years at Prudential, first as Personal Assistant to the group’s Chief Executive and then as a European Fund Manager.

	Charles Brand LLB Managed Funds Director Before joining Principal in July 2002, Charles was Head of Global Equities at Sun Life of Canada Asset Management. Prior to that, he spent 13 years at Morley Fund Management, latterly also as Head of Global Equities. Charles has over 24 years' investment experience, 7 with Principal, on a broad range of equity funds and has a personal track record of out- performance in US equity pension fund management (source: CAPS; covering the period January 1989 to September 2000). His role at Principal is to lead the growing Managed Funds division.

	Iain Scotland IMC Deputy Head of Managed Funds Iain joined Principal in 2004, having previously gained 14 years’ experience in direct equity fund management. Most recently he was Head of UK Smaller Companies at Insight Investment (formerly Clerical Medical), where he was responsible for some £600m in assets under management. In this role he led the development of a distinctive and successful research-driven investment process, recognised by external fund ratings services such as S&P. Prior to that, Iain worked for five years as a smaller companies fund manager under some of the most well known names in the industry, at Gartmore Investment Management. Iain is based in our Sevenoaks office.

	Phillip Hilton BSc (Hons) FCSI (Dip) Senior Investment Manager Phillip brings many years of private client experience to Principal, having worked previously at Morgan Stanley Quilter. There he was responsible for advising high net worth individuals, family and charitable trusts and pension funds on a broad range of assets, including equities, government and corporate debt as well as collective investment schemes. Phillip read Russian and Soviet Studies with English Law at the University of Surrey and, prior to joining Morgan Stanley, had a varied career, which included developing his investment skills at Gerrards (formerly Capel Cure Myers) and two years at the Foreign and Commonwealth Office as a Russian linguist. Phillip is based in our Bath office, where he looks after some of our West Country Managed Funds clients, as well as carrying out investment research.

	David King FCSI Senior Investment Manager David joined Granville in 1979 and served as a director of Granville Davies Stockbrokers before making the switch to Granville Investment Management, where he managed discretionary private client portfolios and the Bridge Income Unit Trust. David was part of the MBO that led to the formation of Nevile Merriam in 2000. He is based at Principal's London office where he specialises in Managed Funds portfolios.

	Robert Allinson CFA Senior Investment Manager Robert graduated in engineering but now has more than 15 years' experience in investment advice and management. Robert worked formerly for Heartwood Wealth Management, managing a combination of client portfolios, model investment strategies and two equity funds of funds. He also contributed heavily to their asset allocation strategy and manager research efforts. Robert became a CFA charterholder in 2006 and also holds various other qualifications from UKSIP, the Chartered Institute for Securities and Investment and the CII.

	Paul Surguy BSc (Hons) MCSI Investment Manager Paul joined Principal in November 2000 from the management consultancy arm of PricewaterhouseCoopers. He graduated with an Honours degree in Computer Science, holds the IMC Certificate and is a Member of the Chartered Institute for Securities and Investment. Working on the Managed Funds team, Paul is responsible for client portfolio management, strategy and research.

	Joe Wiggins BSc (Hons) MCSI Investment Manager Joe graduated from the University of Southampton with a First Class honours degree in 2004. He began his investment career with Chelsea Financial Services, in a fund research role. At Principal he is responsible for portfolio management and construction, whilst also continuing his fund analysis work. He holds the Diploma in Financial Planning, Investment Management Certificate and is a Level III candidate in the Chartered Financial Analyst program, having completed Levels I and II.

	Tom Dunster BCom (Hons) CFA Investment Manager Tom joined Principal in mid 2008 from HSBC Investments, where he had been responsible for the investment strategy and management of discretionary private client portfolios. After initially joining HSBC as a graduate trainee in 2000, he gained experience in a wide range of investment roles, both in London and Hong Kong. Tom is a CFA charterholder and also holds an honours degree in Commerce from Birmingham University. At Principal he is responsible for client portfolio management, investment strategy and research.

	Kenneth Fry BA (Hons) IMC Investment Manager & Head of Managed Funds Dealing Team Ken is a Graduate from Brighton University and joined Principal in December 2000, working previously in financial services for Alliance & Leicester. Having originally specialised in PEPs and ISAs, Ken joined the Managed Funds team in September 2004. He now supervises the managed funds dealing operation and team support, whilst also carrying out analysis, research and working on a range of client portfolios.

	Nellis Kromhout BCom MCSI Assistant Investment Manager Nellis joined the Managed Funds Team in April 2010. Previously, he was a member of the Portfolio Management team at HSBC Global Asset Management, where he focused on Private Client, Trust and Charity portfolios. Nellis graduated from the University of Stellenbosch with a Bachelors degree in Financial Analysis, and is a Member of the Chartered Institute for Securities and Investment.

	Paul Stevens BSc (Hons) IMC Assistant Investment Manager Paul graduated with a First Class honours degree in Marine Biology & Oceanography from the University of Southampton in 2005. Paul received his grounding in the financial services industry at Skandia Life Assurance before joining Principal in October 2006. He is currently responsible for dealing on behalf of all Managed Funds clients, as well as providing portfolio modelling and statistical work on client portfolios.

	Gareth Wessels PRM Quantitative Analyst Gareth has been with Sanlam since 2005, having graduated from the University of Pretoria with an honours degree (BCOM) in Financial Management as well as a BSc in Mathematical Sciences. He is also a qualified Professional Risk Manager (PRM). At Sanlam Capital Markets he was a quantitative market risk analyst, focusing on areas such as equity derivatives, fixed income and brokerage. Gareth moved to Sanlam UK in 2008 and now works as a quantitative analyst.

	Richard Mitchell Fund Managers' Assistant Richard graduated from University College London in 2009 with a BSc in the History, Philosophy and Sociology of Science. He joined Principal in December of the same year as a member of the Managed Funds team, based in Sevenoaks. His responsibilities include dealing on behalf of clients, providing investment support for the team's Investment Managers and carrying out model portfolio analysis.

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