Mr. Sillem, a director since April 1, 2005, is the Managing Partner and Co-Founder of Spencer House Partners LLP. Prior to establishing Spencer House Partners, he was the Chairman of Bear, Stearns International Limited, the European arm of the New York based investment bank, from May 2000 until January 2004. Prior to joining Bear Stearns, Mr. Sillem spent a 28 year career with Lazard LLC and its predecessor entities. From 1985 to 1995 he worked for Lazard Frères & Co, New York where he was the general partner responsible for equity sales, trading and research and then for all corporate finance. In 1995, he returned to Europe to create and run Lazard Capital Markets for the three Lazard firms in New York, London and Paris. Currently, Mr. Sillem is Chairman of the World Trust Fund, a London Stock Exchange-listed investment company; a director of Martin Currie (Holdings) Limited, a privately held equities fund manager; a director of Harbourmaster Capital (Holdings) Limited, a privately held European-based CLO manager; and a director of Checkmate Mortgages Limited, due to start trading in 2009 in the UK mortgage distribution sector. He is also a member of the Hoegh Capital Partners Hedge Fund Advisory Committee, the Advisory Board of Partners Capital Investment Group, the Investment Committee of Brasenose College Oxford and serves as an Advisory Director of Reform, the London based public policy think tank. From 1994 to 2004 he was a member of the International Capital Markets Committee of the New York Stock Exchange. Mr. Sillem has a M.A. in Philosophy, Politics and Economics from Oxford University.
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