Forestry and nature-based investments

Olly Hughes has been Managing Director and an Investment Committee member of our Forestry division since January 2019. He is responsible for managing the growth and development of Gresham House’s forestry activities including acquisitions, fund and private client management and forestry asset management.

Prior to joining Gresham House, Olly was a Partner and Head of Infrastructure at Oxford Capital for six years where he built and managed a portfolio of over £300mn of solar and wind renewable energy assets. He started his career at ING Barings in 1995 focusing on asset backed structuring and since then has focused his career on real asset investment management.

Olly has over 26 years of investment experience and holds a Bachelor of Arts and a Master’s degree from the University of Oxford in Biological Science. He also obtained the Investment Management Certificate from the CFA Society in the UK.

Rupert has been the Managing Director of Gresham House Asset Management Ltd since September 2015. He is a member of the Group Management and Investment Committees.

Rupert has a proven track record of delivering significant value to shareholders and has over 32 years’ experience in asset management, private banking and wealth management, focusing on product innovation, investment management, business development, banking and wealth structuring.

Before joining Gresham House, Rupert was CEO and CIO of Schroders (UK) Private Bank for 11 years, and spent 17 years at Rothschild, where latterly he was Head of Private Clients for Rothschild Asset Management.

Nicola is a Chartered Surveyor (MRICS) with over 20 years’ experience in the forestry and environmental services sector. She also has experience working in construction, highways, utilities and rail as an environmental, sustainability and safety professional.  She joined Gresham House in 2024 working in the forestry asset management team.

Alongside MRICS Nicola holds the professional qualifications of Chartered Environmentalist with Full Membership of the Institute of Environmental Management and Assessment (CEnv and MIEMA) and is a Chartered health and safety practitioner (CMIOSH).

Nicola has previously served on Council with the Institute of Chartered Foresters (ICF) and as an assessor for professional membership of the ICF.  She now sits on forestry sector working groups, supporting the development of good practice in safety and environmental management, within FISA (the Forest Industry Safety Accord) and Confor.  In 2024 she was short-listed for the Confor Net Zero award for her work in the fields of carbon and sustainability.

Nicola’s first degree was from Bangor University in Applied Zoology and Forestry and she started her career as a forestry manager; she has since studied for a Diploma in Occupational Health and Safety Management and in 2023 graduated from Lancaster University with a Master of Laws (LLM) in Environment and Law, with Distinction.

Tom joined Gresham House in 2018 as part of our acquisition of FIM Services Ltd.

Prior to joining Gresham House, Tom worked for Polar Capital for 5 years on both the investment and operational side, during which time he completed the IMC.

Following a sustainability direction, he designed and built a rural indoor farm, selling the produce to local restaurants and farmers markets.

He graduated in 2010 from the University of Edinburgh with a BSc (Hons) in Scientific Geography.

Tom joined Gresham House in June 2021.

He works within the asset management team, covering all aspects of operational forestry for several individual and portfolio clients. He has worked in the UK forestry sector since 2013 and, prior to joining Gresham House, was leading a three-person forest management team covering south west Scotland.

Tom has a BSc in Mechanical Engineering from the University of Cape Town and later went on to gain an MSc in Forest Management from Newton Rigg

Fund Manager; responsible for management of in-forest operations and fund reporting. Post qualification, he worked as a forest manager on the full spectrum of forest activities, with a particular emphasis on adding value through bare land planting. In 2004, he moved to the Forestry Commission where he held various responsibilities including regulatory compliance role over the industry’s private sector. Latterly he was project manager of an IT project, and represented the Forestry Commission on the SEARS (Scotland’s Environmental & Rural Services) programme of organisational change. In 2012 he joined Gresham House Forestry and is one of the teams qualified chartered foresters.

Rob joined Gresham House in November 2015. He is a member of the Forestry Investment Committee.

Rob joined the group from Aitchesse Ltd where he was a Company Director for two years and Head of Acquisitions for three years. Prior to joining Aitchesse Ltd, Rob spent five years at CNBC Europe as a technical analyst covering financial news. Following this, he was managing his own consultancy business specialising in carbon management and commercial forestry for two years. Rob has 11 years of investment experience in the commercial forestry sector, investing in the UK and globally.

He holds a Master’s degree in environmental economics from Glasgow University and a Bachelor of Art in engineering from Southampton Solent University.

Graham is an experienced forestry professional, responsible for all operational aspects of the Gresham House forestry funds. After a short period of practical experience in the UK, Sweden and New Zealand, he joined UA Forestry Ltd (a division of United Auctions Group) as a forest manager, progressing to become their managing director in 1997.

In 2001, he left UA to found his own forestry management company, Aspen Forestry Ltd, which specialised in providing forest management services across Scotland. Following the successful sale of Aspen, Graham joined Gresham House in 2007. His specialism is in developing, negotiating and managing non-forestry ‘higher and better use’ investments on behalf of client funds, particularly renewable energy developments, telecom rentals, power line access and compensation and residential developments.

Richard is a Chartered Surveyor whose experience covers all property issues. His expertise includes: complex documentation and due diligence matters, developing and implementing investment schemes – particularly those based on tax-efficient structures – and managing a wide range of investor contacts established through FIM’s investment business. Richard is a registered adviser with the Financial Conduct Authority.

Anthony’s background is in investment banking, having previously worked for international firms in London, New York and South America, including Macquarie and Merrill Lynch. At Gresham House, he is responsible for business development, marketing and sales for our forestry and new energy assets, also managing one of the funds.

Anthony has a BA (Hons) in History from Newcastle University and is an Investment Management Certificate holder. He is also a registered adviser with the Financial Conduct Authority.

Lee joined Gresham House in September 2024 as an administrative assistant for the Forestry team in Dumfries. Lee has eighteen years’ experience working within the construction industry in administrative and operational roles.

Brent Donaldson joined Gresham House as a Forestry Consultant in August 2022, and comes on board with a focus on our international investments in Australia and New Zealand. He has extensive experience in all aspects of forestry operational activities including silviculture, distribution, planning, harvesting and wild fire management. Brent’s career has been spent working in New Zealand, and the states of Tasmania, South Australia, Victoria and Western Australia.

He was one of the founding members of the Central North Island Wood Council in New Zealand, and managed the Generation Programme in the Central North Island, the purpose of which is to introduce a range of employment opportunities in the forest industry through a ‘real world’ learning experience combining training and employment, with particular focus on NEETs. Brent was central to getting the programme up and running and getting local contractors on board and to engage Generation Programme graduates, after their initial induction, into the forestry sector.

Brent holds a Bachelor’s degree in Forest Science from the University of Canterbury (NZ) and is a voting member of the NZ Institute of Forestry.

Katie joined Gresham House in August 2023.

Prior to joining Gresham House, Katie completed a Corporate Finance Graduate Programme with the National Treasury Management Agency (NTMA), which involved three eight-month rotations in Irelands Strategic Investment Fund (ISIF), NewERA and the National Development Finance Agency (NDFA).

Katie holds a MEconSc in International Finance and completed a six-month study abroad at the Hong Kong University of Science and Technology.

David Gardner has been CIO, Forestry and a member of the Forestry Investment Committee at Gresham House since May 2020.

He joined from Global Forest Partners LP, a US based timber management and investment company, where he worked from 2009 to 2019. David was responsible for developing the company’s international growth as well as supporting the management of the existing forestry investments. While at Global Forest Partners, David served as an Investment Director as well as being a partner and serving on the Investment Committee. Prior to that, he was President of Asia Pacific (Forest Industry) at the international management consulting firm Poyry, based in Singapore.

David has over 30 years of experience in the global forest industry, with the last ten years focused on international institutional investment and asset management in forestry.

David holds a Bachelor of Science, a Master’s degree in Forestry and is an MBA graduate from Cranfield University.

Matthew Giles has been an Investment Director and the Head of the Forestry Asset Management Team at Gresham House since November 2015 following the successful acquisition of Aitchesse by Gresham House. The team oversees the management of Gresham House clients’ forestry investments where he has the primary responsibility of managing two major portfolios in both the UK and Ireland and leading the ESG initiatives for forestry. Prior to joining Gresham House, Matthew was a Senior Forest Manager for 12 years covering all aspects of forest management across the UK for family offices and high net worth individuals. His previous experience includes the responsibility for FSC (Forestry Stewardship Council) audits on all the forest areas. He has over 20 years’ experience in forestry and qualified as a Professional Member of the Institute of Chartered Foresters (MICFor) in 2004. He holds a Bachelor of Science (Honours) in Forestry from Newton Rigg, graduating in 2000.

Matt is a chartered surveyor with over 13 years’ experience in investment management. He is responsible for the asset management of Gresham House’s forestry portfolio and for family office and high net worth individuals’ forestry and renewable portfolios worth over £571m. Matt is also responsible for the valuation and acquisition of investment opportunities.

Prior to Gresham House and FIM, Matt worked for Smiths Gore as a rural estate manager, advising a number of private clients on the management of their diverse property portfolios. Before this, he worked for Jones Lang LaSalle in their financial services team advising on the formation of joint venture property development companies. Matt holds the Certificate in Investments and is a registered adviser with the Financial Conduct Authority.

William joined Gresham House in January 2022 and is a Associate Director in the Forestry team.

Prior to Gresham House, William worked at Tilhill, advising clients on commercial forestry and woodland investments, new woodland creation, woodland carbon investment, and portfolio modelling for individual and institutional investors.

Before this, he spent five years at J.P. Morgan Asset Management, managing low-risk European equity portfolios, including launching and co-managing a sustainable equity fund. He has also worked at KPMG Corporate Finance, focusing on long-term project finance investments. He spent his early career as an infantry officer in the British Army.

William holds a Bachelor’s degree in Biology from the University of Oxford, a Master’s degree in Environmental and Forest Management from the University of Aberdeen, and is a CFA Charterholder. He also has a year of postgraduate research experience at Newcastle University, focused on tropical forest carbon cycling, ecosystem functioning and biodiversity relationships.

Miranda joined Gresham House in May 2023.

Miranda previously spent 7-weeks in the Forestry team as an intern in the summer of 2022.

Miranda holds a Master of Arts in International Relations from the University of St Andrews.

Ed is an Investment Director and Head of Fund Management for the Forestry Division at Gresham House, overseeing c.£1bn of equity capital allocated to sustainable investments. Ed manages several funds and is primarily responsible for recommending and implementing fund strategy, portfolio construction and investor reporting. His role also involves the valuation of UK forestry assets and overseeing fund deal flows.

Ed joined Gresham House in May 2018 following the acquisition of FIM Services Ltd. Ed worked at FIM Services Ltd as an Assistant Fund Manager from 2012 and was appointed Fund Manager in 2016.

Ed has 14 years of experience and holds a postgraduate diploma (PG Dip) in Financial Strategy from Saïd Business School, University of Oxford, and a RICS accredited BA (Hons) in Real Estate from Oxford Brookes University. He is a qualified Chartered Surveyor and a RICS Registered Valuer. He is registered with the Financial Conduct Authority.

Ben Law joined Gresham House’s Forestry Division as an Associate Director in July 2024.

He works within the Forestry Asset Management Team, covering all aspects of operational forestry across the UK for both individual and portfolio clients. He has worked within the UK forestry sector since 2012, with extensive experience in woodland creation, forest management, and forestry consultancy.

Prior to joining Gresham House, Ben was the Senior Forestry Consultant and Team Leader at a leading agricultural consultancy covering all of Scotland, delivering independent and impartial specialist forestry advice for a diverse portfolio of private clients.

He holds a Bachelor of Science (Honours) degree in Forestry from the University of Aberdeen.

Euan is an investment Analyst within our Forestry Division, he joined Gresham House in July 2024.

Previously Euan worked for Deloitte LLP from 2018 within IMPE Audit, Servicing large Asset Managers and Private Equity Houses with an emphasis on Infrastructure assets.

He is an ICAS Chartered Accountant.

Adam joined Gresham House in April 2019 as part of the Forestry asset management team. He deals with all aspects of operational management across several forest portfolios and has varied experience across forest management and timber harvesting and marketing.

Adam holds a first-class BA (Hons) in History from the University of Nottingham, and an MSc in Forestry from the University of Aberdeen.

He has worked in commercial forestry in a variety of locations and roles.

Joe joined Gresham House in September 2022 and is an Investment Director in the Forestry team.

His 30-year career spans forestry, manufacturing, energy and technology. With some short spells in the Public Sector, he has spent most of his career in StartUp and Scaling businesses. Having sold a bioenergy business to a multi-disciplinary energy company in 2014 he set up and ran its solar and biomass division. In 2016, he was appointed Chief Commercial Officer for the Group, with responsibility for EBITDA growth across the energy trading, power marketing, asset management and energy solutions businesses as well as developing a pipeline of pre-qualified development opportunities in offshore wind, onshore wind, solar, biomass and energy storage.

Joe holds a Bachelor’s Degree in Agricultural Science from University College Dublin and a Master’s Degree in Business Administration from University College Cork. He recently completed a Diploma in Company Direction as part of the IoD Chartered Directors’ Programme.

He is a Climate Reality Leader with Al Gore’s Climate Reality Project and a Member of the Jury of the European Innovation in Politics Institute. He is an active investor in early-stage Technology companies, particularly in the eMobility, EdTech and FinTech sectors.

He is on the Board of Directors of the Sustainable Energy Authority of Ireland and also sits on its Audit & Risk Committee.

Joshua joined Gresham House’s Forestry Division in early 2019, focusing on forestry acquisitions and the fund management of the Forestry Limited Partnerships. Josh was appointed Fund Manager of Gresham House Forest Growth & Sustainability LP in 2021 and Gresham House Forest Fund VI LP in 2022. He is primarily responsible for implementing fund strategy, financial management, investor reporting, portfolio development and renewables development/oversight.

Josh has over 10 years experience in the financial industry. Prior to joining Gresham House, Josh worked at PricewaterhouseCoopers LLP specialising in Pension and Insurance audits. He then moved onto Hazlewoods LLP to focus on mergers and acquisitions, concentrating on corporate due diligence.

Josh is an ACA Chartered Accountant and holds a BA (Hons) in Accounting and Business from Henley Business School, University of Reading.

Stephen joined Gresham House in 2015.

Prior to joining Gresham House, Stephen was at Aitchesse Ltd as an Assistant Forester Manager, before being promoted to Timber Marketing Manager in 2014. Stephen is a specialist in planning, marketing and harvesting timber and has responsibility for the marketing and management of client timber sales. Prior to joining Aitchesse Ltd, he worked for three years at Smiths Gore (now Savills) managing woodlands on behalf of private clients as well as undertaking tree safety surveys.

Stephen has over 15 years of experience in UK forestry and has been a Professional Member of the Institute of Chartered Foresters for 13 years. He holds a BSc (Hons) in Forestry from the University of Wales, Bangor, graduating in 2007.

Nick joined Gresham House in July 2022.

Prior to joining Gresham House, Nick spent six years working at Royal Bank of Scotland. He initially trained in audit, before spending three years working in corporate banking.

He holds a first class LLB (Hons) in Law from the University of Strathclyde, is a Chartered Accountant with ICAS, and in 2021 completed the Climate Change Transformation Programme at Edinburgh University.

Malcolm joined the Forestry team as an Investment Manager in September 2024.

Malcolm has 16 years’ experience working in the financial industry. Most recently, he spent ten years as a consultant in a specialist financial modelling business, developing bespoke, best practise models for clients of all sizes in many different industries. Prior to that he worked in the Retail Finance team at Royal Bank of Scotland.

Malcolm is a CFA charter holder and holds a BSc in Chemistry and Mathematics from the University of St Andrews, and an MSc in Finance from the University of Strathclyde.

Henrietta joined our Forestry division in May 2018, following the acquisition of FIM Services Ltd.

Henrietta manages existing assets and portfolios on behalf of Gresham House private clients. She takes an active role in the day-to-day management including reporting, financial management and portfolio development. Prior to joining FIM, Henrietta worked as a Rural Chartered Surveyor for private clients, responsible for managing rural estates and property in the UK.

Henrietta has over 17 years of experience in rural property.

She holds a BSc (Hons) in Land Management from the University of Reading and is a member of  The Royal Institution of Chartered Surveyors (RICS) (MRICS) and is a retired Fellow of Central Association of Agricultural Valuers (FAAV).

Dorian joined Gresham House in December 2023 as an Investment Manager within the Forestry Division covering acquisition and asset management of commercial and carbon forestry assets both in the UK and Internationally.

Prior to Gresham House, Dorian spent five years at Sail Ventures, an alternatives investment firm base in the Netherlands, where he was part of the founding team of a global climate fund (&Green) focused on sustainable agriculture and forestry which scaled to over US$ 400 million. As a senior investment specialist in a lean team, Dorian was primarily focused on growing Sail’s portfolio and was responsible for structuring investments with embedded ESG features, catering to both early-stage pre-profit enterprises and more established multibillion dollar listed companies globally. He was also involved in fund management and fundraising activities. During his tenure at Sail, the firm received the Asset Manager of the Year award from Environmental Finance on two occasions.

Dorian is also affiliated with the University of Oxford’s Environmental Change Institute, where he advises on financing and scaling investment into Nature Based Solutions (NBS). He has undertaken published research on NBS focused funds and participated in mapping nature and climate risks to the financial system as part of the Nature-Climate Scenarios and Analytics for Financial Decision-Making (INCAF) project for the Bank of England.

Dorian holds a first-class Bachelor of Business Science in Finance and Accounting and Postgraduate Diploma in Accounting (Hons) from the University of Cape Town as well as a first-class MSc in Climate Change, Management, and Finance from Imperial College London. He is a CFA Charterholder.

Richard joined Gresham House in July 2024 as an Investment Analyst in the Forestry team.

Prior to Gresham House, Richard worked as a Trade Finance Analyst, Freight and Logistics Analyst and a member of the commercial at Czarnikow Group Limited, a global agricultural commodity trade house.

Richard has a 1^st Class Honours BSc in Chemistry with Management Studies from UCL.

Ciarán joined Gresham House in March 2021.

He began his forestry career as a timber harvesting manager in Ireland and over the past nine years has worked in a variety of roles in commercial forest management and regulation. He has experience in both the public and private sectors in the UK and Ireland working within the forestry regulatory environment and in large scale commercial forest management, resource planning and timber harvesting.

Ciarán holds a first-class degree in forestry from University College Dublin.

Emma joined Gresham House’s Forestry Division as an Associate Director in May 2022.

Emma has over 10 years experience in the financial industry. Prior to Gresham House, Emma has held Head of Finance positions at ClimateCare, who manage carbon reduction projects and trade carbon certificates, and at Novitas Loans, Close Brothers, where she was responsible for financial analysis, strategy development, accounts, budgeting, forecasting and leading and building Finance functions during times of rapid growth. Previously, Emma worked as a Fund Accountant at Foresight Group.

Emma is a Chartered Accountant (ACA) and holds a first class BSc in Mathematics from the University of Exeter.