Fund Boards Council

Meet our Advisory Council

WHO WE WORK WITH

Meet our Advisory Council

FBC’s Advisory Council is a group of senior industry professionals which FBC confers with to ensure our membership and services provide appropriate, actionable and useful support to our members and clients 

Stewart Aldcroft
Stewart Aldcroft
Chairman, Cititrust Limited
Stewart Aldcroft

Asian Fund Management Industry Consultant

Independent Non-Executive Director (INED)

Stewart Aldcroft

Stewart recently retired from Citi’s Securities Services business where he served for 10 years. He is now an Independent Fund Management Industry Consultant, able to provide advice, guidance and strategies for global as well as local fund management firms. In particular Stewart can advise on market entry strategies for China, Hong Kong, Singapore, Taiwan and other Asian markets.

Stewart was previously Chairman of Cititrust Limited and also Senior Advisor for Citi’s Securities Services business. In this role, he was responsible for assisting the business to develop new initiatives and grow its client-base and reach across Asia Pacific, advising global fund manager clients on accessing the Asian region.

David Butcher
David Butcher
Member of the Master Trust Board and Independent Governance Committee at Scottish Widows
David butcher

Member of the Master Trust Board and Independent Governance Committee at Scottish Widows and the FBC Advisory Council

David Butcher

David has more than 40 years’ experience in the pensions and investment industry. He has been a Chief Executive Officer three times including at Invesco Pensions and both the retail and intermediary divisions of Flemings/Save & Prosper, now part of JP Morgan Asset Management.

He has substantial governance experience having served on 16 different boards over 30 years. His non-executive experience includes being an iNED at BlackRock Pensions, a Trustee Director of the Legal & General Master Trust, and currently a Trustee Director of the Master Trust and Member of the Independent Governance Committee at Scottish Widows. He has been a member of the Investment Committee at BlackRock and Legal & General, the Risk Committee at Legal & General and is currently chair designate of the Risk Committee at Scottish Widows.

Dr Margaret Cullen
Dr Margaret Cullen
Lecturer, Researcher and Independent Non-Executive Director
Dr Margaret Cullen

Lecturer, Researcher and Independent Non-Executive Director

Dr Margaret Cullen

Dr. Margaret Cullen, Founder and Principal of Think Governance Ltd, is a specialist in the areas of corporate and investment fund governance. Margaret holds a PhD in governance from University College Dublin. Her doctoral research explored the role and effectiveness of boards of directors in investment fund governance. She is a published behavioural researcher with particular interest in board effectiveness, processes, dynamics and decision-making, board and corporate culture, stewardship and corporate social responsibility. Prior to commencing her doctoral research, Margaret worked for 12 years in the financial services industry where she gained significant experience in the areas of treasury management, investment fund regulation, compliance and risk management. 

Following completion of her doctoral research Margaret joined the Institute of Banking (IoB) as Director of Executive Education. She designed and ran the IoB’s Certified Bank Director (CBD) and Certified Investment Fund Director (CIFD) Programmes from 2012. Margaret was the founding CEO and Academic Director of the Certified Investment Fund Director Institute (CIFDI), a specialist institute of the IoB which focuses on raising professional standards in investment fund governance through its CIFD Programme. Margaret taught investment fund governance on the programme for 8 years up to April 2020. She has co-authored several thought leadership publications on investment fund governance including Investment Fund Governance: Developing a Risk Based Oversight Framework (published by Deloitte) in 2015 and the Investment Fund Governance Toolkit in 2019. 

Margaret has been an assistant professor at the UCD Smurfit Business School since 2007 lecturing on the Professional Diploma in Corporate Governance in the subject areas of executive remuneration and incentives, behavioural aspects of boards and, since 2020, on the responsibilities of the board. She is currently Co-Academic Director of the IoB’s CBD Programme on an associate basis and lectures bank governance on the programme. Margaret serves as a non-executive director on the boards of several financial services organisations. She has extensive board and board committee experience. She is a member of the Advisory Committee of the Fund Boards Council in the UK. She is also a Board Assessor with the Institute of Directors in Ireland.

Martyn Gilbey
Martyn Gilbey
Senior Director & UK Country Head, Franklin Templeton Investment Management
Martyn Gilbey

Senior Director & UK Country Head, Franklin Templeton Investment Management

Martyn Gilbey

Martyn is responsible for providing the strategy, leadership and management of Franklin Templeton’s overall business operations for the UK. He is also chair of the board of Franklin Templeton Fund Management Ltd and Franklin Templeton Investment Management Ltd.

Prior to joining Franklin Templeton in August 2017, Martyn worked for Aberdeen Asset Management, managing the UK Distribution business covering Retail, Institutional and Captive channels. Martyn has also worked for a number of asset managers and both in the UK and overseas in Asia Pacific and the Americas, including Barclays, Insight Investment, SWIP and Aberdeen.

Gerald Rehn
Gerald Rehn
Head of International Product & Governance, BNY Mellon
Gerald Rehn

Head of International Product & Governance, BNY Mellon

Gerald Rehn

Gerald is Head of International Product & Governance for BNY Mellon Investment Management. He leads product strategy, development, ongoing performance oversight, client services and operations for the international business’s funds and segregated account platforms.

Gerald is a member of the Investment Management Global Distribution & EMEA Distribution Executive Committees, a board director for BNY Mellon Global Funds PLC, BNY Mellon Liquidity Funds PLC, BNY Mellon Global Management Limited, BNY Mellon Fund Managers Limited (SMF1), BNY Mellon Investment Management EMEA Limited (SMF3), BNY Mellon Fund Management Luxembourg S.A. and is elected to the Board of Managers of BNY Mellon Investors Solutions, LLC, USA.

Gerald joined BNY Mellon in 2013. He holds an MBA from Bayes Business School London (2004) and is a Chartered Financial Analyst® (CFA).

Philip Warland
Philip Warland
Chair of FBC’s Advisory Council Senior Adviser, Kreab, Brussels
Philip Warland

Chair of FBC’s Advisory Council
Senior Adviser, Kreab, Brussels

Philip Warland

Philip Warland spent the first part of his career in the Bank of England. He was the Governor’s Private Secretary, Adviser on Oil and Energy and Chief Press Officer amongst other roles. After a brief time with Standard Chartered the rest of his career has been in asset management. First as head of the trade association, now the IA. Then with PWC, and a head-hunter Halsey, and finally with Fidelity where he was Head of Public Policy.

Currently he is a part time adviser to a Brussels based policy consultant, Kreab. He also was the founding chairman of the Oasis Trust which, amongst other things manages fifty two City Academies and works in eleven countries worldwide.

Chris Turpin
Chris Turpin
NED and Former MD of First Sentier Investors (FSI) for UK, Europe & Middle East
Chris Turpin

Non-Executive Director and Former Managing Director of First Sentier Investors (FSI) for the UK, Europe & Middle East

Chris Turpin

Chris started his career in asset management advisory at PwC before moving to work as a Director of Product Management at Northern Trust Asset Management in 2000. In 2003 Chris joined First Sentier Investors (FSI) where he spent the next 18+ years in a variety of senior, global executive roles. For over 8 years Chris was Managing Director, EMEA and a member of FSI’s Global Executive Committee. He also had Global Executive oversight responsibility at different times for Corporate Development, Product Management and Development, Responsible Investment and Marketing. Chris has been a member of the Advisory Council of the Investment Association (IA), a Senior Sponsor of the Investment Leaders Group of the Cambridge Institute for Sustainability Leadership (CISL), a member of TheCityUK’s International Trade & Industry Group (ITIG) and a Board Director of the Financial Services Skills Commission (FSSC). He currently sits on the Advisory Board of the Socioeconomic Taskforce for Financial and Professional Services.  Chris is a highly experienced corporate board, pooled fund and pension fund director as well as an active charity trustee with a proven track record of developing strong governance on boards. He was Chair of FSI’s UK Authorised Corporate Director (ACD) Board from 2013 to 2021 and has direct governance experience of pooled funds in multiple jurisdictions in the US, Europe, Asia and Australia. He is also passionate about developing optimal board composition and the importance of diversity and inclusion for board effectiveness.

Chris is an Associate of the UK Society of Investment Professionals (ASIP), a Chartered Alternative Investment Analyst (CAIA), a Regular Member of the CFA Institute and holds an MA (Tons) from The University of Edinburgh.

Susan Wyderko
Susan Ferris Wyderko
Former President/CEO of the Mutual Fund Directors Forum
Susan Wyderko

Former President/CEO of the Mutual Fund Directors Forum

Susan Ferris Wyderko

Susan Ferris Wyderko is the former President/CEO of the Mutual Fund Directors Forum, an independent membership organization serving the independent directors of US mutual funds. The Forum enhances the governance of mutual funds by educating independent directors and providing them with a voice in the key policy issues affecting mutual funds and their shareholders.

Prior to joining the Forum as Executive Director in 2006, she held various senior positions at the U.S. Securities and Exchange Commission including the Director of the Office of Investor Education and Assistance, as well as the Acting Director of the Division of Investment Management.

Susan is a former member of the Investor Advisory Committee of the Securities and Exchange Commission, which was formed to advise the Commission in its mission to protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation.  She is also a past chair of the National Adjudicatory Council, a FINRA committee that reviews initial decisions rendered in FINRA disciplinary and membership proceedings.