This information is provided for information only and must not be considered as investment advice. You should seek professional investment advice before making any investment decision.
Corporate Governance
Corporate governance is a framework of principles, policies, procedures, and clearly defined responsibilities and accountabilities.
We aim to reach the highest standards of corporate governance that are appropriate to our risk appetite, strategic objectives and company values, taking into account the size and complexity of our firm.
We recognise our obligation to investors, regulators, shareholders and other stakeholders in providing services that are appropriate, well managed and meet or exceed minimum standards set out in law or regulations.
At the centre of this framework is our Board of Directors, which mixes executive management with independent non-executive management.
Executive Committee
The executive function conducts the day to day business, reporting through executive committees to the Board of Directors. The executives are responsible for achieving the strategic goals of the Firm, whilst promoting our company values.
Toby Ricketts, CEO
Toby joined the family business in 1994 and has been lead manager of the Funds since 2001. Toby was appointed to the Board in 2001 and promoted to CEO in 2011, part of a long term succession plan, providing the same long term focus, planning and stability as his father.
As CEO, Toby is responsible for the conduct of the whole of the business and leadership of the executive team.
Toby's primary responsibility is to head up the investment management function alongside setting the strategic goals and objectives of the Firm.
Matthew Jealous, CFA, COO
Matthew joined us in 2002 after graduating with a degree in Economics and is a CFA Charter holder. Matthew was appointed to the Board in 2011.
Matthew's primary responsibilities are for the company resources, Operations and the Investment Risk framework of the firm.
Matthew is an experienced fund manager, having worked as lead manager to several funds and holding the position of Chief Investment Officer until 2018.
As well as being a member of The Company's main Board, Matt is Chair of the Investment Risk Committee and a member of the Exec Committee, Finance Committee and Risk Committee.
Ade Ogunnowo, FCCA, CFO
Ade joined Margetts in 2022 as the Chief Finance Officer (CFO), bringing over 20 years of extensive experience in corporate finance and financial reporting.
Prior to joining Margetts, Ade’s career has spanned various roles within the financial services industry across Nigeria, Ireland, and the UK. He also holds a master’s degree in economics from University College Dublin, Ireland, and is a Chartered Accountant.
As CFO, Ade is primarily responsible for overseeing the company's financial operations, including financial planning, risk management, and ensuring capital adequacy (ICARA). Additionally, he is responsible for overseeing the scheme financial and tax reporting and ensures the company’s compliance with CASS regulations.
James Farquharson, Head of Operations
James began his career at Margetts in 2008, initially contributing to the fund research team. With a deep understanding of investment systems, he played a key role in establishing the firm’s Operations department.
As Head of Operations, James oversees the planning and delivery of Margetts’ core operational functions, including the oversight of the IT, Data Management and Development teams. James is also responsible for infrastructure, information security, system development and operational resilience, ensuring the firm’s systems and processes remain robust, secure, and scalable.
James is a member of the Executive Committee and is Chair of the Operational Risk Committee. He also sits on the Firm’s main Risk Committee, contributing to broader risk management and compliance initiatives
John Kalinski, Head of Investment Operations
John joined Margetts in 2010, beginning his career in NAV Construction and Fund Accounting. After gaining experience in these functions, he transitioned to the Operations team as a Senior Analyst where he focussed on enhancing internal processes and strengthening control frameworks. This eventually led him to specialise in Investment Operations.
As Head of Investment Operations, John’s main responsibilities relate to the operational aspects of the funds and the underlying assets. John oversees both the Investment Oversight and NAV Construction teams, alongside the operational delivery of new product launches or changes.
In addition to these responsibilities, John is the Chair of the Valuation Oversight Committee and is a member the Executive Committee and Investment Risk Committee. He also provides Counsel to the Product Governance Committee.
James Oddy, Head of Client Operations
James joined Margetts in 2021 bringing 9 years of experience from Franklin Templeton and Vanguard. During his time there, he developed expertise in in-house transfer agency operations, vendor management, and the governance and oversight processes.
At Margetts, James is responsible for leading the Client Operations function of the ACD. This includes the management of Client Services, Dealing and Registration, Marketing and Sponsor Relations, ensuring that these teams deliver a seamless and client-focussed experience.
In addition to his day-to-day responsibilities, James is a member of the Executive Committee and chairs the Product Governance Committee.
Marcus Hand, Head of Audit and Compliance
Marcus joined Margetts in 2024, bringing almost 20 years’ experience in senior Compliance and Risk roles within the industry. As Head of Audit and Compliance, Marcus is primarily responsible for firm's regulated activities and corporate governance frameworks. He supports senior management with regulatory developments and changes, serving as the first line of defence for these updates.
Marcus is an active member of several committees including the Audit & Compliance Committee, Risk Committee, Liquidity Oversight Committee, and Valuation Oversight Committee. He also provides Counsel to the Executive Committee and Product Governance Committee ensuring regulatory compliance and ethical practices.
Non-Executive Function
Non-executive directors are custodians of the governance process. They provide support and challenge when required to ensure that the corporate governance framework is effective and transparent. It is important for them to be independently minded, knowledgeable and provide a balance to executive directors on the Board. As an investment management company, the independent non executive directors have a clear responsibility to ensure that investors are treated fairly and are at the centre of operations.
James Harris, Chair of the Board
(Independent Non-Executive Director)
James was appointed to our Board in 2024, bringing with him Executive level experience across asset management, wealth management, workplace investing, intermediary platforms and insurance.
With over 25 years' experience, James has held senior roles across proposition strategy, product management, marketing and business development. James also comes with ExCo experience of governance and oversight of business performance, strategy, product and service delivery, operations, risk and reporting.
As Chair of the Board, James has responsibility for assessing the value delivered to investors, independent director representation and board composition, ensuring that we act in the best interest of investors.
Lisa Scott, Independent Non-Executive Director
Lisa joined our board in 2024, with 25 years’ international experience improving the risk profile and resilience of financial services firms, including ten years with the FCA supervising banks and fund managers.
Lisa set up and leads her own consultancy firm focused on governance, board evaluations, risk management and regulatory compliance. She holds a degree in Economics and Management from the University of Oxford.
It is important to Lisa to give back to the community by using her professional experience to add value to not-for-profits. She is currently a Trustee of a Multi Academy Trust (school) and she Chairs the Risk and Assurance Committee of a charity focusing on children’s health and well-being.
Alex Denny, Independent Non-Executive Director
Alex joined our Board in 2025 with over 20 years’ experience in investment management and distribution. He was previously Head of Investment Trusts at Fidelity International and Managing Director, European Private Wealth at Pantheon.
Alex is a recognised governance expert, sitting on the Institute of Directors' Commission as a Non-Executive Director. He is also a Non-Executive Director of Apax Global Alpha, a FTSE 250 listed private equity company and of the Association of Investment Companies (AIC). Alex also serves as Non-Executive Director for the University of Sussex Student Union Trading Company, and a trustee of the Nautical Archaeology Society.