Board & Senior Management

Board

David Mace, Non Executive Chairman

Mr. Mace has been involved in developing businesses internationally over the last 25 years. In 1987, he led the management buyout of Sea Life Centre (Holdings) Ltd, through to its subsequent flotation in 1992 as Vardon Plc, the leisure group. He has served as a non-executive director of private and venture capital backed companies in France and the UK and has also acted as management consultant to businesses in Europe, the Far East and New Zealand. He is a non-executive director of Lookers plc, Inspired Gaming Group Plc, Vectrix Corporation and BlueStar SecuTech Inc.

Executive Directors

Mr. Malcolm J. Wright, Chief Executive

Mr. Wright founded ALHI in 1998 and was responsible for devising the Group’s business plan. Previously, he developed and constructed over 1,000 homes in England between 1983-1989 with a number of different UK property companies, which then merged and floated on the London Unlisted Securities Market. Mr. Wright also developed over 450 vacation homes in Spain from 1983-1992 with Leisureshare International. Mr. Wright was admitted to Associate Membership of the Institute of Chartered Accountants in England & Wales in 1974 and to Fellowship in 1978. Along with his business partner, Roger Maddock, he has assembled the Group’s Initial Portfolio.

Non-executive directors

Sir David Garrard, Independent Non Executive Director

Sir David, who is a Fellow of the Royal Institute of Chartered Surveyors has been engaged in the real estate sector, originally as a consultant, and then as a Principal, for over forty years. Having acquired and taken private the publicly quoted Land Investors plc in the late eighties, he repositioned the company and expanded its activities, undertaking the development of such buildings as the United Bank of Kuwait headquarters in the West End and the Bayerische Landesbank Headquarters in the City. Two years later, having repaid all debt arising from the original acquisition of the company, he received an offer to sell the holding company and sold his stake, founding Minerva Plc. Sir David became the Chairman of Minerva and, prior to its flotation on the London Stock Exchange in 1996, the company was one of the largest privately owned pure commercial property investment companies in England.

Roger Maddock, Non Executive Director

Mr. Maddock, FCA, was Chairman and a principal shareholder of Worthy Trust Company in Jersey from 1984 until it was sold to the Allied Irish Bank Group in 1999. He remained with Allied Irish Bank (CI) Limited acting as a non executive director until 2005. In 2005 he became non-executive Chairman of Development Capital Management Jersey Limited (DCMJ), a fund manager specialising in property finance and is a director of four AIM listed funds managed by DCMJ.

Mr. Rupert Faure Walker, Independent Non Executive Director

Mr. Faure Walker, FCA, is a Managing Director of Investment Banking at HSBC Bank plc. In 1977, he joined the Corporate Finance division of Samuel Montagu & Co. Limited (which subsequently became HSBC Investment Bank). He was Head of Corporate Finance from 1993 to 1998. For the last 30 years he has been extensively involved in advising companies on mergers and acquisitions, IPOs and capital raising.

Senior Management

The management team has in aggregate over 50 years of direct involvement with businesses involved in resort property development, vacation club, timeshare sales or hospitality management.

The Chief Executive Officer is Malcolm Wright, with over 25 years of residential development experience both in the UK and Spain, where he developed over 1,450 vacation homes between 1983 and 1992.

The two executive directors are supported by Ron Leventhal, managing director of the resorts division. Mr Leventhal has over 15 years experience in the vacation club/timeshare market, including 5 years as CEO of Westgate Resorts Limited, which became under his management a major competitor in the Orlando timeshare market.