Sir Laurie Magnus

Biographical Details
"Sir Laurie Magnus, an investment banker, has been Vice Chairman of Lexicon Partners, the privately owned corporate finance advisory business specialising in the financial services, utilities and oil and gas sectors, since 2001, and Chairman since July 2010. He has over 30 years of investment banking experience, initially with Samuel Montagu & Co. Limited (subsequently HSBC Investment Bank), where he was deputy head of its UK corporate finance department. He joined Phoenix Securities Limited, the corporate finance advisory business focussed upon the financial institutions sector, in 1995. Following its acquisition by Donaldson, Lufkin & Jenrette Inc. (DLJ), the US investment bank, he became a Managing Director of the merged business. After DLJ was acquired by Credit Suisse First Boston (CSFB) in 2000, he was briefly a Managing Director of CSFB. Since 1996, his principal focus has been on the provision of corporate finance advice to the insurance industry, where he has been extensively involved with capital raisings and mergers and acquisitions.

"Sir Laurie Magnus is non-executive Chairman of The JP Morgan Income & Capital Trust plc. He is a member of the UK Listing Authority Advisory Committee and a non-executive director of The Cayenne Trust plc.

"Sir Laurie was appointed as the first Chairman of Xchanging Ins-sure Services Group ("XIS"), a three way joint venture formed in 2001 between Lloyd's, the International Underwriting Association and Xchanging to merge the Lloyd's Policy Signing Office and The London Processing Centre. Since formation, XIS has championed transformational business process reform within the London Insurance Market and generated significant value for its shareholders. He retired from XIS in June 2009

"In the not-for-profit sector, he is Deputy Chairman of The National Trust and an elected member of its Council, Chairman of b-eat (The Eating Disorders Association) and Deputy Chairman of the Windsor Leadership Trust. He is a Trustee of the Barbican Centre Trust."