Select Committee on Treasury Minutes of Evidence


Memorandum submitted by Aberdeen Asset Management

CHRIS FISHWICK REMUNERATION BACKGROUND

  Chris Fishwick ("CF") has been employed at Aberdeen Asset Management Plc ("Aberdeen") since the acquisition of his business in September 1991.

  CF has been a main Board Director of Aberdeen since 1995.

  CF's specific responsibility has been for the world-wide Closed End Fund business of Aberdeen which at its peak accounted for 20 per cent of the total assets under management of the Group. Staff in this area total over 100 and the division takes into account not only the UK but Aberdeen's businesses in USA, Australia and Singapore.

  As a main Board Executive Director CF has also been involved in all of the key decisions of the company including for example Aberdeen's many acquisitions.

*  *  *

  CF has been paid one year and 11 weeks salary on severance of his contract effective 31 December 2002.

  CF has agreed to work for Aberdeen for a period on consultancy to assist Aberdeen with its current issues relating to Closed End Funds.

CURRENT DIRECTORS OF ABERDEEN SPLIT CAPITAL INVESTMENT TRUSTS
Director
Date appointed
Currently on more than one board managed by Aberdeen
Aberdeen Development Capital
Calum MacLeod (Chairman)25/03/1986 No
Hugh Little25/09/1996 No
John Milligan16/10/1998 No
Willie Phillips25/09/1996 No
Charles Scott20/06/1997 No
George Robb22/04/1986 Media & Income
Martin James Gilbert22/04/1986 AASCIT/Broadgate/
Taverners/Convertible/
Ab Growth Opp VCT/
Ab Growth VCT1/Jersey Phoenix
Andrew Laing (alternate)18/04/1997 No


American Income
Robert Ottley (Chairman)27/09/2000 Murray Japan Growth & Inc
Duncan Baxter11/10/2000 Murray Japan
Stephen Folland11/10/2002 The Technology and Income Trust
Income and Growth
Lord Marsh of Mannington (Chairman)03/02/1994 No
Hamish McRae03/02/1994 No
David George Fossett Thompson03/02/1994 No
Sir Jerry Alfred William Wiggin03/02/1999 No
European Growth and Income
John Patrick Silcock (Chairman)09/10/2000 No
The Viscount William Waldorf Astor09/10/2000 No
John Craig09/10/2000 No
The Rt Hon Lord Norman Lamont09/10/2000 No
Peter Gerald Malone09/10/2000 No
James Kenneth Roe09/10/2000 No
Christopher David Fishwick
(resigned 22 October 2002)
09/10/2000Enhanced Zero/Preferred/
SCIT/AHIT/REO/Jersey
Phoenix/Tech & Inc/Leveraged Taverners/Media/Aberdeen Convertible
Real Estate Opportunities
Raymond Yeoman Frederick Horney (Chairman)
30/03/2001

No
Richard Joseph Barrett30/03/2001 Technology & Income
Christopher David Fishwick30/03/2001 EGIT/Enhanced Zero/
Preferrred/SCIT/AHIT/Jersey Phoenix/Tech & Inc/Leveraged Taverners/Media/Aberdeen Convertible
Keith Anthony Jenkins30/03/2001 No
John Philip Jenkinson30/03/2001 No
Garth Peter Denis Milne30/03/2001 Aberdeen High Income
Murray Extra Return
David Oswald Moon30/03/2001 Technology & Income
American Income
Paul Charles Rowe Reed30/03/2001 Aberdeen Preferred
Martin Willaume Richardson30/03/2001 Jersey Phoenix
John Bernard Ronan30/03/2001 No
Patrick Anthony Teahon30/03/2001 No
Juliet A Cogswell
(resigned 9 December 2002)
30/03/2001No
Jersey Phoenix
Martyn James Ellis Chambers (Chairman) 15/10/1997Technology & Income
Leveraged
Martin Richardson14/10/1998 Real Estate Opportunities
Philip de Carteret15/05/1989 Murray Japan Growth & Inc
Peter Scott Graham15/05/1989 European Monthly
Murray Japan Growth & Inc
Martin James Gilbert29/04/1999 AASCIT/Broadgate/
Taverners/Convertible/
Ab Growth Opp VCT/
Ab Growth VCT1/ADC
Christopher David Fishwick (alternate) 28/01/2000EZT/Preferred/SCIT/AHIT
REO/Tech & Inc/Leveraged/
Taverners/Media/Convertible/
EGIT
European Monthly
Thomas Quinn (Chairman)14/04/2000 No
Peter Scott GrahamJersey Phoenix
Murray Japan Growth & Inc
Peter Robert Nutting14/04/2000 Jove
Richard Prosser14/04/2000 Leveraged
David Shubotham14/04/2000 No
The Technology & Income Trust
David Oswald Moon (Chairman)13/07/1999 American Income
Real Estate Opportunities
Christopher David Fishwick13/07/1999 EZT/Preferred/SCIT/AHIT/
REO/Jersey Phoenix/Leveraged/
Taverners/Media/Convertible/
EGIT
Kenneth Charles Hall13/07/1999 No
Richard Joseph Barrett13/07/1999 Real Estate Opportunities
Martyn James Ellis Chambers13/07/1999 Leveraged
Jersey Phoenix
Christopher Maclean15/11/2002 No
Stephen James Follard15/11/2002 The American Income Trust
Leveraged Income
Martyn James Ellis Chambers (Chairman) 24/03/1998Technology & Income
Jersey Phoenix
Richard Prosser24/05/2000 European Monthly
David Mashiter24/03/1998 No
Peter Harwood24/03/1998 No
Christopher David Fishwick29/04/1999 EZT/Preferred/SCIT/AHIT/
REO/Jersey Phoenix/Tech & Inc/
Taverners/Media/Convertible/
EGIT
Broadgate
John Ernest Redwood (Chairman)17/07/1992 No
John Edward Chappell17/07/1992 No
Robert Paulin Clinton25/07/2000 No
Martin James Gilbert22/11/1995 AASCIT/Jersey Phoenix/
Taverners/Convertible/
Ab Growth Opp VCT/
Ab Growth VCT1
John Louis Green25/07/2000 No
Hugh Michael Priestley30/04/1993 No
Media and Income
George Alan Robb (Chairman)05/06/1989 ADC
Iain Keatins Burns23/08/2000 No
Charles Richard Cox30/06/1995 No
Graham John Duncan23/08/2000 No
Christopher David Fishwick23/08/2000 EZT/Preferred/SCIT/AHIT/
REO/Jersey Phoenix/Tech & Inc/
Leveraged/Taverners/Convertible/
EGIT
Brian David Gilbert23/08/2000 No
Laurence Geoffrey Petar23/08/2000 No
Jove (managed until 8/11/2002
Sir Frederick Douglas David Thomson, BT (Chairman)
21/09/1983

Danae
Stephen John Cockburn10/01/1972 Danae
The Smaller Companies
Peter Robert Nutting07/02/1978 European Monthly
Neil Ernest Osborn29/05/1984 Aberdeen Preferred
Enhanced Zero
Aberdeen High Income
John George Bellak (Chairman)23/02/1994 No
Colin Coburn10/01/2002 No
Christopher David Fishwick23/02/1994 EZT/Preferred/SCIT/Convertible/
REO/Jersey Phoenix/Tech & Inc/
Leveraged/Taverners/Media/
EGIT
John Emmanuel Ginarlis11/05/1999 No
Harry Abraham Hyman23/02/1994 Aberdeen Preferred
Garth Peter Denis Milne10/01/2002 Reat Estate Opportunities
Murray Extra Return
John Dacre Hastings Ross23/02/1994 No
Anthony Townsend10/01/2002 No
St David's Investment Trust
John Stewart Cousins (Chairman)05/01/1999 No
Roland William Arthur27/09/1996 No
Michael Lennox Ingall27/09/1996 No
Martin Kinney05/01/1999 Energy Capital
David Kenneth Rowe-Ham27/09/1996 No
Aberdeen Preferred Income
Derek William Charles Morgan (Chairman)
28/01/1997

No
Christopher David Fishwick03/06/1998 EZT/SCIT/AHIT/convertible/
REO/Jersey Phoenix/Tech & Inc/
Leveraged/Taverners/Media/
EGIT
Harry Abraham Hyman28/01/1997 Aberdeen High Income
Ian Roy Marks28/01/1997 No
Neil Ernest Osborn28/01/1997 Jove
The Enhanced Zero
Paul Charles Rowe Reed (alternate)25/06/1998 Real Estate Opportunities
Robert Brierley Wild03/06/1998 No
Danae Investment Trust
(managed until 31/10/2002)
Sir Frederick Douglas David Thomson, BT (Chairman)
01/02/1979

Jove
Stephen John Cockburn01/05/1972 Jove
The Smaller Companies
Peter Alan Hill-Walker No
Bryan Paul QuintonNo
Sean Philip Ashfield27/08/2002 No
MEGIT
* non independent
Christopher Giles Herron Weaver* (C)23/03/2001 No-Atrium
John Stephen Denholm10/10/1994 No
John Dudley Fishburn25/02/1998 No
Howard Alan Rudebeck25/01/2002 No
Rodger Francis Scullion10/10/1994 No
MERIT
Alexander Donald Stewart (C)14/07/1998 No
David Dey14/07/1998 No
David Brett Nichol14/07/1998 No
Garth Peter Denis Milne26/09/2000 Aberdeen High Income
Real Estate Opportunities
MGRT
The Hon Frederick Ranald Noel Paton (C)
14/12/1998

No
Ian Patrick Bankier18/09/1995 Murray VCT
James Douglas Best01/08/2000 No
Timothy Noble01/08/2000 No
Donald Gilmour Sutherland18/09/1995 No




 
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