Board Member
Duncan Paterson

Chairman of the Board

Independent Non-Executive Director

Chairman of Audit Committee

Chairman of the Nomination & Remuneration Committee

Duncan Paterson started his career with PwC in London. Once qualified as a Chartered Accountant, he moved into IT and was an early adopter of PC technology. He subsequently joined the London School of Economics as a lecturer where he also completed a part-time MSc in Economics. He remained a visiting lecturer until 2003.

Subsequently Duncan’s career has been largely involved with the financial services sector where he established a track record of being involved in innovative products and services. He has held senior positions as a CFO of the debt division of an international US bank, which was the leader in the introduction of financial “swaps” products and COO of the fund management arm of a large UK bank, which was a pioneer of quantitative investment strategies. In both these organisations he played a key role in defining and building and/or selecting the core systems. In the mid-1990s, he moved to a large global software house where he was responsible for acquisitions and strategic product development.

He later became CEO of a fast growing international financial software house that developed the first client-server based system for international settlement of financial trades, which became the de facto global standard product of its generation.

Since 2000, Duncan has worked as a consultant. He has specialized in developing and running consortia for the global investment banks. Typically this work involves agreeing objectives, products and business strategy. This leads on to defining and selecting the systems, staffing and overall infrastructural requirements to get the business live. In parallel, the constitution of the consortium and its funding have to be established and regulatory approval gained where relevant.

In addition to working on consortia, Duncan has also been involved in other consultancy work, including helping a number of clients to establish or refine their market offerings or to develop new products or approaches. The definition and selection of the right systems is a critical part of this process.