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DIRECTORS’ REPORT CONTINUED
Other Directors
Brian Scullin BEc
RREEF Board Appointee and Non-executive Director
(appointed 1 November 2005)
Following a career in government and politics in Canberra, Mr Scullin
was appointed the inaugural executive Director of the Association of
Superannuation Funds of Australia in 1987.
Mr Scullin joined Bankers Trust in Australia in 1993 and held a
number of senior positions, with responsibilities including marketing,
technology, legal, tax and compliance, security services, investor
services and margin lending. He was posted to Tokyo and became
the President of Japan Bankers Trust in 1997. In 1999, he was
appointed Chief Executive Officer – Asia/Pacific for DeAM.
Mr Scullin retired from full-time employment in 2002 but remains
actively involved in the Australian funds management industry
through his role as a non-executive Director of DeAM and associated
companies.
He was previously a Vice Chairman of the Investment and Financial
Services Association and remains on its Nominations Committee.
He is a part-time member of the Australian Government’s Financial
Reporting Council and he is a Director of State Super Financial
Services and DB RREEF.
Mr Scullin was the Chairman of the Compliance Committee and
was a member of the ARMC. Mr Scullin retired as a Director on
24 August 2007.
Andrew Fay B Ag Ec (Hons), ASIA
Alternate Director to Shaun Mays
(appointed 10 November 2006)
Andrew Fay is Chairman of the Board at Deutsche Asset
Management (Australia) Limited. He recently stepped down as Head
of Deutsche Asset Management Australia following a 20 year career
in the financial services sector. Mr Fay joined Deutsche Asset
Management in 1994 as a senior portfolio manager in the Australian
equities team and became head of the Australian equities team in
1997. In 2000, Fay was appointed Chief Investment Officer for
Australia and in April 2005 he was promoted to the position of Head
of Australia. He also held the position of Regional Chief Investment
Officer, Asia Pacific, from 2002 to July 2006. He is credited with
broadening Deutsche Asset Management’s product range from its
initial domestic manufacturing base to becoming a leading global and
alternative investment house in Australia.
Prior to joining Deutsche, Mr Fay spent six years with the
investment division of AMP Global Investors working in the fixed
interest, economics and Australian equities areas. He graduated
from Sydney University with a Bachelor of Agricultural Economics
(Honours) degree and has completed a graduate diploma with the
Securities Institute of Australia.
Andrew Fay resigned as Alternate Director on 29 November 2007.
Company Secretary
Mary Anne Brophy BA, LLM
Mary Anne Brophy has 25 years of legal and commercial experience
gained in private practice and as an in-house General Counsel.
For the last 15 years, she has been involved in international energy
projects in Australia, the UK and Asia. In the 1990s, Ms Brophy was
extensively involved in the privatisation of the electricity industry in
the UK.
Subsequently, she was General Counsel for Ogden Corporation’s
Asia Pacific energy business based in Hong Kong. Prior to joining
Spark Infrastructure, Mary Anne was General Counsel and Company
Secretary of Envestra Limited.
Principal Activity
The principal activity of Spark Infrastructure during the Financial Year
was investment in electricity distribution businesses in Victoria and
South Australia. There has been no change in the principal activity
during the Financial Year.
Stapled Securities
Spark Infrastructure is a stapled structure, wherein:
• one share in SIH No. 1;
• one share in SIH No. 2;
• one unit in Spark Trust;
• one loan note issued by the responsible entity of Spark Trust; and
• one CHESS Depositary Interest (“CDI”) representing one share
in Spark International
are “stapled” and are quoted on the Australian Securities Exchange
(“ASX”) as if they were a single security.
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