Andrew Dalton Investment Experience: 37 years Dalton Strategic Partnership: 7 years (Managing Partner) Focus: Top Down Andrew was previously employed with S G Warburg & Co Ltd, Mercury Asset Management Group Plc and Merrill Lynch Investment Managers for 30 years.  Latterly he headed that firm’s Total Return Team.  He was an executive director of Mercury Asset Management Group plc from its establishment in 1987 until its sale in 1997 and Vice Chairman of its principal operating subsidiary, Mercury Asset Management plc.  He was Chairman of Mercury Selected Trust and of Mercury Offshore Sterling Trust, its two flagship offshore fund groupings.   He was also the first President and subsequently Chairman of Mercury Asset Management Japan Ltd.    In addition, he was Chairman of Mercury/Merrill Lynch’s other Far Eastern subsidiaries in Hong Kong and Singapore and a Director of the Mercury KAG.  He was responsible for Mercury’s international business in the 1990s and at various times has been a North American specialist fund manager and Head of the Far Eastern Investment team.  For most of the last 20 years, he has been a member of the Mercury/Merrill Lynch Investment Managers Central Investment Strategy Group.  He has a degree in Modern History from Magdalen College, Oxford.

Magnus Spence Investment Experience:  14 years Dalton Strategic Partnership: 7 years (Partner) Focus: Chief Operating Officer Magnus was Head of the Ultra-High Net Worth Team at Merrill Lynch Investment Managers responsible for this client segment in the UK, Europe, Asia and the Middle East. He trained as a chartered accountant in London and was the group financial controller of Mercury Asset Management Group plc.