Federated Hermes Property Unit Trust

The Appointments Committee consists of at least three, and at most eight, members. Each year at least one third of the Appointments Committee retires at the Annual General Meeting and is then eligible for re-election by Unit Holders.

The Appointments Committee provides independent oversight of Hermes on behalf of Unit Holders. The Appointments Committee was formed as part of a restructuring in order to comply with the Alternative Investment Fund Managers Directive which became effective from 22 July 2013.

Frances Davies MA, MPhil – Chair (Appointed 18 February 2019)

Frances has 40 years’ experience across various senior roles within the asset management and investment banking industries, including with SG Warburg, Morgan Grenfell Asset Management and Gartmore. Since 2007 she has been a Partner of Opus Corporate Finance. Frances currently has non-executive roles for HICL plc, Aegon UK Group plc and Supermarket Income REIT plc.

Sue Clayton BSc FRICS (Appointed 9 December 2014)

Sue was an Executive Director at CBRE, the global property advisers, where she has specialised in UK investment markets for over 25 years until her retirement in 2020. Sue is a Non-Executive Director of SEGRO Plc and of Helical Plc where she chairs the Valuation Committee and sits on the Audit and Remuneration Committees. She is Chair of the Barwood Property 2017 Fund and a Trustee of the Reading Real Estate Foundation.

Andrew McIntyre MA, ACA (Appointed 7 June 2017)

Andrew is the senior independent director of C. Hoare & Co., and a non-executive director of Lloyds Bank Corporate Markets plc and Target Group Limited. He is a trustee of the Foundling Museum. Andrew was previously a board member and chairman of Southern Housing Group Limited. He was a partner at Ernst & Young for 28 years.

Charles Maudsley FRICS (Appointed 18 May 2021)

Charles is a Chartered Surveyor and is Strategic Advisor to Bridgepoint LLP and Founder of Alma Real Estate Consultancy. From 2010-19 Charles was a Main Board Director at British Land plc with day to day responsibility for the Retail, Leisure and Residential portfolios. Prior to this Charles was Co Head of Europe for LaSalle Investment Management and also sat on the Global Board of the Investment Management business. This followed a role as UK head of Real Estate for AXA REIM. Charles started his career at DTZ where he ultimately held a position as Director in the Investment team.

Michelle McGrath (Appointed 16 May 2023)

Michelle is Executive Director of Shaftesbury Capital PLC, responsible for co-leading the Group’s central London real estate portfolio. Michelle was previously Executive Director of Capital & Counties Properties PLC where she was responsible for the Group’s Covent Garden portfolio as well as playing a leading role on corporate transactions including the merger with Shaftesbury PLC. Prior to this, Michelle was at UBS Investment Bank, advising companies across the UK listed real estate sector. Michelle is on the Board of the Westminster Property Association and a member of the Finance and Audit Committee of the Royal Academy of Dance.

Fiona Rowley (Appointed 15 May 2023)

Fiona is a chartered surveyor with experience in the UK property sector, having actively invested in the sector for approaching 30 years. She joined M&G Real Estate in 1994 and retired in 2020. Her main role from 2005 was Director; Fund Management, managing UK-focused property funds, particularly M&G’s PAIF. Previously she specialised in Central London property investment across various inhouse funds. Prior to M&G she gained experience within Knight Frank, a global property adviser. Fiona was a voting member of the M&G Real Estate Property Investment Committee and deputised as chairperson.