John Booth

chairs Maintel Holdings PLC and acts as a consultant to Herald Ventures, a venture capital partnership and serves as a non-executive director for a number of private companies. In 1994 John co-founded Link Asset and Securities Co., a derivatives brokerage firm and served as Chairman until its sale to ICAP in 2008. John began his financial career in 1983 at Merrill Lynch in London and New York. He became a partner of Hutton International Associates in 1986 and Senior Vice President of Prudential Securities in 1988 and was appointed Managing Director of Bankers Trust International PLC in 1992. John is a graduate of Oxford University.

Sian Hansen

For the last three years, Sian has been Executive Director of the Legatum Institute, a global public policy think tank dedicated to promoting prosperity through individual liberty, free enterprise and entrepreneurship. Previously, she spent seven years as Managing Director of the think tank Policy Exchange, an educational charity promoting research and discourse on public policy in the UK. Sian is currently a Non-Executive Director of the JP Morgan Income and Capital Trust PLC, a Non-Executive Director of Pacific Assets Trust and a Non-Executive Director of EBF International (Shanghai) Ltd. She is active in a number of not for profit enterprises including as a Commissioner of the Social Metrics Commission in the UK, The Women’s Refugee Commission in the USA and as Patron of Create Streets.Formerly, Sian was a director and Co-Head of Sales for Asian Equities at Société Générale and before this was an equity analyst with Enskilda Securities in Europe.

Rupert Rittson-Thomas

is an investor and director of several start up companies including Lusight Research, an independent investment firm focused on Global Emerging Markets, Go Native Holdings, a provider of temporary homes for business travellers in the UK, and Rapha Racing, a manufacturer of cycling clothing.Until the sale of Robert Fleming to Chase Manhattan Bank in 2000, he was a Director of the Asian sales desk with Robert Fleming in New York. Prior to this he was a member of the Asian sales desk of Jardine Fleming Hong Kong (1995-1997) and equity analyst of Hong Kong and Chinese companies (1991-1995). Rupert commenced his business career at Save & Prosper in 1989 having completed a short service commission in the Army.

George Robinson

co-founded Sloane Robinson in 1993 with Hugh Sloane. Prior to that, having joined the Swire Group in Hong Kong, he was seconded to Cathay Pacific Airways. In 1985 he joined WI Carr and established an office in Seoul conducting research on the Korean economy and companies listed on the Korean Stock Exchange. In 1988 he moved with WI Carr to Bangkok where he set up a similar operation conducting research on companies listed on the Thai Stock Exchange. In 1991 he moved to Hong Kong as director of research, supervising research on listed companies in Hong Kong and China. George sits on the Investment Committees of Eton College and Keble College Oxford. He graduated from Oxford University in 1979 with an honours degree in Engineering Science.

Sir Martin Smith

co-founded the London based investment banking firm Phoenix Securities Limited in the early 1980′s and became Chairman of DLJ’s European investment banking operations. He assisted in the founding of New Star Asset Management, serving as its Deputy Chairman in the firm’s early years. Sir Martin has a number of other business interests, including advising Bain Capital, and chairing Finsbury Worldwide Healthcare Trust, as well as GP Bullhound. Sir Martin has for many years been actively involved in a range charities, including serving as Chairman of English National Opera, Chairman of the Orchestra of the Age of Enlightenment, Deputy Chairman of the South Bank Centre and of the Science Museum. He is currently on the Boards of the Royal Academy of Music, Glyndebourne and the Ashmolean Museum in Oxford. Sir Martin has an undergraduate degree in theoretical physics from Oxford and a Master’s degree in Business and Economics from Stanford University.

Jane Tufnell

co-founded the investment management firm Ruffer LLP in 1994 and served on its management board until her retirement in June 2014. Previously, Jane worked at Rathbones as a research analyst, before joining County NatWest where she ran the pension fund’s UK smaller companies exposure. Currently, Jane holds various roles including Senior Independent Director of The Diverse Income Trust plc, an Independent non-executive Director of JPMorgan Claverhouse Investment Trust plc and a non-executive director of Record Currency Management. Previously, she has been a non-executive Director of TR European Growth Trust plc, and non-executive Chairman of GVQ Investment. Jane received her undergraduate degree from Robinson College, Cambridge University.

Nicholas Hornby
Managing Partner
0207 036 4111    hornby@cernocapital.com
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Nicholas Hornby
Managing Partner
0207 036 4111

Nicholas is a co-founder of Cerno Capital and lead manages several of the firm’s client portfolios. His investment career began at Cazenove & Co in 1990. In 1995, he joined CLSA rising to Head of Asian Sales, where he was responsible for the institutional business in the UK and Europe. He is a member of the Board of Governors of Downe House School and a Trustee of the Downe House Foundation. He is also a Trustee of the Cecil Estate Family Trust and Chairman of The Ashendene Trust, a UK charity. Nicholas is an Economics graduate of Bristol University and an Associate of the Chartered Institute for Securities & Investment.

James Spence
Managing Partner
0207 036 4110    spence@cernocapital.com
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James Spence
Managing Partner
0207 036 4110

James is a co-founder of Cerno Capital and lead manages a number of the firm’s collective and private portfolios. After qualifying as a chartered accountant in London (Coopers & Lybrand, 1989) he relocated to Asia. Between 1991 and 2004 he worked as an equity analyst, head of research, and latterly as an equity strategist at WI Carr, Paribas, HSBC and UBS, based variously in Hong Kong, Singapore and Jakarta. James graduated from the University of St Andrews, Scotland with an MA in Philosophy & Logic in 1986. James is a Member of the Chartered Institute for Securities & Investment.

Fergus Shaw
Partner
0207 036 4119    shaw@cernocapital.com
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Fergus Shaw
Partner
0207 036 4119

Fergus surveys the full range of the firm’s investments on a bottom up basis and is principally engaged in manager and security selection. He began his investment career at Valu-Trac Investment Management in 1995, where he worked in their global equity and asset allocation products. He worked for Russell Investments as a Portfolio Manager of UK equities (2001-2006) and Asian equities (2006-2009). Fergus graduated from Edinburgh University with a BCom (Hons), holds the CFA charter and is a member of the CFA Society of the UK. Fergus is a Director of the Salters’ Management Company.

Tom Milnes
Business Development Director
020 7036 4126    tom@cernocapital.com
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Tom Milnes
Business Development Director
020 7036 4126

Tom joined Cerno Capital to help with the firm’s intermediary client relationships. Before joining Cerno, Tom was Business Development Director at Investec Wealth & Investment and had been with the company for six years. Prior to this, he had roles in investment sales at LV Asset Management and Rathbones. Tom is a member of the CISI.

Katie Dodd
Marketing and Business Development
0207 036 4120    katie@cernocapital.com
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Katie Dodd
Marketing and Business Development
0207 036 4120

Katie is responsible for the firm’s marketing strategy. As part of this role she coordinates public relations and communications and is responsible for the firm’s visual identity and livery. She works alongside the front office on existing and prospective investor contact, including all aspects of the firm’s relationships with intermediaries. Katie manages the firm’s outreach programme which helps UK women athletes, explorers and adventurers and promotes participation and inclusion. Katie previously worked at Savills, and holds an MA in Art History from the University of St Andrews. Katie is a member of the Chartered Institute of Marketing.

Olivia Martin
Client Relations and Business Development
0207 036 4123    olivia@cernocapital.com
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Olivia Martin
Client Relations and Business Development
0207 036 4123

Olivia is a member of the Business Development team at Cerno Capital, with a particular focus on client relations. In her role she assists with various forms of business development and with all aspects of existing and prospective investor contact. Olivia joined in July 2016, having previously worked as an Education Consultant at an Education and Tuition Consultancy firm. Olivia is a graduate from Durham University where she studied Geography with additional modules in Business, Accounting and Finance.

Joseph Joyce
Finance Director
0207 036 4117    joseph@cernocapital.com
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Joseph Joyce
Finance Director
0207 036 4117

Joseph is the firm’s Finance Director with responsibility for the financial infrastructure of the firm and managing key counterparty relationships. Previously, Joseph worked for the Banking and Capital markets team at Ernst and Young LLP, primarily working on the statutory audits of a range of global entities. Joseph graduated from Durham University in 2009 with a BSc in Mathematics and Physics. He then joined Chantrey Vellacott DFK, where he trained and qualified as a Chartered Accountant (ACA).

Michael Flitton
Investment Analyst
020 7036 4127    michael@cernocapital.com
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Michael Flitton
Investment Analyst
020 7036 4127

Michael began his investment career at GLG Partners, the hedge fund, in 2006 where he focused on the Basic Materials and Industrials sectors. He worked as an equity research analyst at Citi (2011-2017), initially covering Mining & Steel (2011-2015) and latterly European Chemicals (2016-2017). Michael graduated from the University of Nottingham with an MA (Hons) in Industrial Economics.

Fay Ren
Investment Analyst
0207 036 4128    ren@cernocapital.com
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Fay Ren
Investment Analyst
0207 036 4128

Fay Ren works within the investment group and has specific responsibility for quantitative measurement of sector, style, portfolio and asset class returns. She undertakes asset class studies and coordinates the firm’s top-down symposia at which asset class settings are determined. She also undertakes security analysis in conjunction with the Portfolio Managers. Fay joined the firm from Imperial College London where she completed a BSc in Mathematics and a Masters in Applied Mathematics.

Jeny Zhu
Head of China Investment Services and Senior Fund Accountant
0207 036 4118    zhu@cernocapital.com
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Jeny Zhu
Head of China Investment Services and Senior Fund Accountant
0207 036 4118

Jeny heads the China desk that provides investment services for Chinese nationals in the UK, including Tier 1 Investor Visa applicants. She is also responsible for portfolio valuation, fund accounting and all aspects of client reporting. Previously, Jeny worked at MGPA, a private equity investment advisory company, as an investment accountant and at PricewaterhouseCoopers in London. Jeny holds an MA in Mathematics and Statistics from St. Hilda’s College, Oxford. She is a qualified Chartered Accountant (ACCA) and a Member of the Chartered Institute for Securities & Investment.

Hashim Mustafa
Accountant
0207 036 4135    mustafa@cernocapital.com
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Hashim Mustafa
Accountant
0207 036 4135

Hashim is principally engaged with client reporting and trade flow processing between the Portfolio Managers and client or fund custodians. Hashim previously worked for Saxon Capital, an algorithmic trading company, as a Management Accountant and before this he worked for two international banks, Renaissance Capital and ICICI. Hashim graduated with a BSc from University College London in 2006 in Geography and Economics, and is a qualified Chartered Accountant (ACCA).

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