The Board & Team

The details of the current Directors and Management of the Company are set out below. All of the Directors are non-executive and a majority are independent in accordance with the AIC Code of Corporate Governance. The Directors supervise the Management of the Company and represent the interests of shareholders.

The Board of Directors

John Herring

Chairman

John qualified as a Chartered Accountant in 1982. In 1986, John joined the corporate finance department of Kleinwort Benson, where he was involved in the IPOs on the LSE for several companies. In 1996 he established his own private equity advisory business and joined the boards of a number of public and private companies including JD Wetherspoon plc where he became deputy chairman and served as a non-executive director for 14 years.

Trevor Bowen

Non-Executive Director

Trevor has over 30 years’ experience spanning a variety of industries. Trevor spent 11 years as a partner of KPMG and 17 years as a partner of Principle Management managing artists in the music industry. Trevor has acted as a non-executive director on a number of boards, most notably as a director on the board of Ulster Bank for nine years, which included six years as the Chairman of its Audit Committee. He is an Irish national and a Chartered Accountant.

Keith Corbin

Non-Executive Director

Keith is Executive Chairman of Nerine International Holdings Limited, a network of trust and fiduciary services companies which is a wholly owned subsidiary of PraxisIFM Group Limited and serves as a director of a number of regulated financial services companies. Keith is an Associate of the Chartered Institute of Bankers (ACIB) and a Member of the Society of Trust and Estate Practitioners (STEP).

Jemma Freeman

Non-Executive Director

Jemma is the Executive Chair of Hunters & Frankau Limited, the appointed distributor for Habanos S.A.’s cigar portfolio in the United Kingdom. She joined the business of Hunters & Frankau in 2002, was appointed Managing Director in 2008 and Executive Chair in 2019. Before going into the cigar business Jemma was a Strategic Planner in the advertising industry. She currently holds the position of Vice Chair of ITPAC, an Advisory Council established to support the tobacco trade in the United Kingdom. In 2013, Jemma was named “Habanos Man of the Year”, one of the most prestigious and illustrious prizes in the cigar world. Jemma also acts as a Trustee of a Cancer charity focused on immunotherapy research.

Andrew Pegge

Non-Executive Director

After obtaining a BA in Social Psychology and Cognitive Studies, Andrew started his career in the investment department of Laurentian Life. He then moved to Buchanan Partners where he analyzed and managed closed end funds and similar structures for the Emerging Markets and other funds. During this time, he completed the 3 year CFA program and a 2 year executive MBA. In 1995, Andrew co-founded Regent Kingpin Capital Management, then after a brief stint as a consultant at the Isle of Man regulator, he co-founded Laxey Partners in 1997. He now manages his family office, POP Investments, which is a circa 10% shareholder in the Company.

Management Team

Sebastiaan Berger

Lead Manager and Chief Executive Officer (CEO)

Sebastiaan A.C. Berger is a Dutch trained lawyer who has resided in Cuba since 1996. He has been assisting foreign investors in Cuba since 1996, first as founder of the Havana office of an international law firm, then as a founding partner of Berger, Young and Associates (1998). He has been the lead investment manager of CEIBA Investments Limited and Representative of the Havana Office of CEIBA Property Corporation Ltd. (CEIBA) since 2002.

Cameron Young

Chief Operating Officer (COO)

Cameron Young is a Canadian lawyer who worked in Montreal, Canada and Budapest, Hungary prior to arriving in Cuba in 1998. He was a founding partner of Berger, Young and Associates Ltd. (a consulting firm serving foreign investors in Cuba) and joined the investment management team of CEIBA in 2002.

Paul Austin

Chief Financial Officer (CFO)

Paul S. Austin is a Canadian Chartered Professional Accountant (CPA, CA) who has lived in Cuba for over twenty years. He started his career with PricewaterhouseCoopers in 1997, working in Toronto, the San Francisco Bay area and Cuba. His audit and professional services clients in Cuba included large Cuban state-owned companies and Cuban joint venture companies with foreign investment in the tourism, oil and gas and manufacturing sectors. He joined the management of CEIBA in 2005 as Financial Controller and became Chief Financial Officer of the Company in 2013.

Entry Disclaimer

This site and its content are intended for professional investors only.

The Ordinary Shares of CEIBA Investments Limited are listed on the Specialist Fund Segment of the London Stock Exchange (trading symbol: CBA) and are suitable for Professional Investors only. Investors in the Company are expected to be institutional investors, professional investors, high net worth investors and professionally advised and knowledgeable investors who understand the risks involved in investing in the Company and/or who have received advice from their fund manager or broker regarding investment in the Company.

Special investor warning: this fund is not suitable for US investors.

The U.S. Cuban embargo legislation presently in force prohibits U.S. Persons from investing in, owning or otherwise holding Ordinary Shares in CEIBA Investments Limited. U.S. banks, custodians, depositories and other intermediaries may reject or block payments, the transfer of securities, and/or the distribution of dividends. Shareholders should ensure that they do not directly or indirectly use U.S. banks, custodians, depositories or other intermediaries, in any capacity, to hold Ordinary Shares in the Company or to receive dividend distributions or other payments.

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