The Board

Massimo Tosato (55), Executive Vice Chairman and Head of Distribution, joined Schroders in 1995, when he was responsible for Schroders' asset management activities in Italy and from 1999 to 2001 for the whole of continental Europe. He became Global Head of Retail in February 2001 and was appointed to the Board in August of that year. He became the Head of Distribution globally in September 2003. Between 1981 and 1992 he was a founding partner and chief executive officer of Cominvest SpA. From 1992 to 1995 he was a partner and managing director of Euromercantile SpA. He has been a member of the International Advisory Board of Columbia Business School since 1992. From 2002 to 2005 he was an independent director of Banca Nazionale del Lavoro. In March 2005 he became a trustee of the Parasol Unit Foundation for Contemporary Art, London and in June 2009 he became a non-executive director of the European Fund and Asset Management Association.

Alan Brown (56), Chief Investment Officer, joined Schroders in 2005 and was appointed to the Board in July of that year. Between 1974 and 1995 he worked for Morgan Grenfell, Posthorn Global Asset Management and PanAgora Asset Management before joining State Street Global Advisors becoming chief investment officer and vice chairman, and executive vice president of State Street Corporation. Amongst other external positions he is a trustee of the Carbon Disclosure Project, Chairman of the CFA Advisory Council for Market Integrity and a non-executive director of Pool Reinsurance Company Limited. In October 2009 he was appointed a non-executive director of the Investment Management Association.

Philip Mallinckrodt (47), Head of Private Banking, was appointed a Director on 1 January 2009. His career commenced in 1985 with Credit Suisse First Boston. He joined Schroders in 1994 and from 2000 to 2002 worked for Citigroup Investment Banking. He rejoined Schroders in 2002 and was Head of Corporate Development until 2007.

Kevin Parry (48), Chief Financial Officer, was appointed a non-executive Director on 1 January 2003. He became Chief Financial Officer on 1 January 2009. He qualified as a chartered accountant with KPMG in 1986 and became a partner at the firm's London office in 1994 and a managing partner in 1998. From 2000 to 2008 he was chief executive of Management Consulting Group plc. In June 2009 he was appointed as a non-executive director of Intermediate Capital Group PLC. He is deputy chairman of the Royal Wanstead Children's Foundation.