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Mark Preston

Mark Preston has taken over as Group Chief Executive. Peter Vernon succeeds him as Chief Executive of Grosvenor Britain & Ireland.

Global Outlook - July 2008

Global Outlook: Oil Prices, Inflation and Real Estate

Board

Our management team has a successful track record of achievement. Its strengths include sourcing investment opportunities, active asset management and the ability to establish strategic operating partnerships. We have an active Board that oversees all strategic decisions for Grosvenor Continental Europe. The Board is chaired by Tony Wyand. It is composed of nine members, four of whom are executive directors.

Philippe Citerne

Philippe Citerne
Non-Executive Director

Philippe Citerne is Chief Executive Officer of Société Générale and an Administrator of Accor. He is also a member of the Supervisory Board of Sopra Group, the French consulting and service company, which is active in the field of information technologies. He is "Chevalier de la Légion d'Honneur" in France. Age 59.