Finely crafted investments


Fund Managers

Dr Paul Jourdan - CEO

Dr Paul Jourdan co-founded Amati Global Investors following the management buyout of Noble Fund Managers from Noble Group in January 2010, having joined Noble in 2007 as Head of Equities. His fund management career began in 1998 with Stewart Ivory, where he gained experience in UK, emerging market, and global equities. In 2000, Stewart Ivory was taken over by First State and Paul became manager of what is now TB Amati UK Smaller Companies Fund. In 2004, he was appointed Head of UK Equities at First State. In early 2005, he launched Amati VCT plc and he also manages Amati VCT 2 after the investment management contract moved to Amati Global Investors in 2010 (In 2018 Amati VCT merged into Amati VCT 2 which was then renamed Amati AIM VCT). Prior to 1998, Paul worked as a professional violinist, including a four-year period with the City of Birmingham Symphony Orchestra. He currently serves as a Director of Sistema Scotland and Clean Trade, both of which are UK registered charities.

David Stevenson - Director

David Stevenson joined Amati in 2012. In 2005 he was a co-founding partner of investment boutique Cartesian Capital, which managed a range of retail and institutional UK equity funds in long only and long/short strategies. Prior to that he was Assistant Director at SVM, where he also managed equity products including the UK Opportunities small/midcap fund which was ranked top decile for the 5 year period from inception to 2005. David started his career at KPMG where he qualified as a Chartered Accountant. He latterly specialised in corporate finance, before moving into private equity with Dunedin Fund Managers. David has co-managed the TB Amati UK Smaller Companies Fund, Amati AIM VCT since 2012 and the Amati AIM IHT Portfolio Service since 2014.

Anna Macdonald - Fund Manager

Anna Macdonald (previously Croze) is an experienced fund manager specialising in UK equities. Anna began her career as an analyst and fund manager at Henderson Global Investors in London, where she co-managed the core enhanced UK equity product, and the UK Equity Market Neutral hedge fund. At Henderson she was an analyst on the media sector. After some time living in Kenya, as head of research for Old Mutual Asset Management, she returned to the UK and worked at Threadneedle Investors in London before moving to Edinburgh. Anna joined the Amati team in 2018 from Adam and Company, where she led research for the PAM-award winning wealth manager. She brings her expertise running the successful AIM-listed portfolio service to Amati as well as a breadth of experience in managing substantial OEICs, private client and charity portfolios. She has been a CFA Charterholder since 2003.

Dr Gareth Blades - Analyst

Dr Gareth Blades joined Amati in 2019 as an Analyst supporting the fund management team. Prior to Amati, Gareth worked as an independent consultant supporting early stage life science companies in their operational and strategic decision making. In 2016 he worked for the College of Medicine and Veterinary Medicine at the University of Edinburgh building and spinning-out therapeutic, med-tech, diagnostic and e-health companies. In 2015, Gareth worked in healthcare corporate finance at PharmaVentures in Oxford. During his time at PharmaVentures he delivered expert reports, business development, licensing and due diligence projects for international clients. Prior to this he worked for White Space Strategy in Oxford, a leading market analysis and strategy consultancy serving financial services, TMT, manufacturing, energy and public sector clients. Gareth has a DPhil in Systems Biology - Biochemistry from the University of Oxford, an MPhil in Micro and Nanotechnology Enterprise from the University of Cambridge and a first in Neuroscience from Cardiff University.

Sales & Marketing

Rachel Le Derf - Head of Sales

Rachel heads up all investor communications at Amati and is responsible for Sales & Marketing activity across the Amati funds. She originally started working with Paul Jourdan at First State Investments as Desk Assistant to the UK Equities team in 2005 then moved to Noble Fund Managers before becoming one of the original partners of Amati Global Investors. Rachel holds the IAQ from the Securities & Investment Institute and speaks fluent French.

Colin Thomson - Sales Director (North of England, Midlands & N. Wales)

Colin Thomson joined Amati in March 2020 to further enhance the firm’s client relationship capabilities. Colin is based in Edinburgh however will be responsible primarily for the Midlands and North of England. Having worked at SVM Asset Management for over 16 years, latterly as Head of Wholesale Distribution with overall responsibility for business development, he will bring a depth of experience in intermediary sales. Prior to that he held intermediary sales positions at major life assurers Prudential and Zurich.

Jonathan Woolley - Sales Director (South of England & S.Wales)

Jonathan joined Amati in January 2019 working as part of the Sales & Marketing team. He joins from JO Hambro Capital Management where he spent 12 years as Sales Director covering the South West, Midlands and Ireland. Prior to that Jon held roles at Old Mutual & UBS developing relationships with discretionary & advisory accounts. Jon holds the CISI Private Client Investment Advice & Management (PCIAM), IMC and holds a degree in Economics.

Samantha Dalby - Investor Relations Manager

Samantha joined Amati in May 2017 to assist and support the sales team. Sam is responsible for dealing with regular investor and adviser queries for all Amati funds. Previously Sam worked at Nucleus Financial and holds the CII Diploma In Regulated Financial Planning. Sam is currently working towards the CFA Investment Management Certificate (IMC).

Investment Administration

Hamish Galt - Investment Administrator

Hamish joined Amati in July 2020 as a recent Economics graduate from the University of Glasgow, offering support to Sales & Marketing and Investment Administration. He has had previous experience in Investment Operations at Walter Scott & Partners. Hamish is a keen hockey player, representing Glasgow based Western Wildcats and the Scottish International Team with 11 caps to date.

Karen Baxter - Investment Team Assistant

Karen joined Amati in June 2017. Prior to this she had been living in Luxembourg and working for a non- profit organisation of International Orthopaedic Surgeons as the editorial assistant to the Editors of their Orthopaedic Journals. Originally from Northern Ireland she trained as a Registered Nurse /Midwife before starting a family and moving to Grand Cayman, London, Luxembourg and finally to Edinburgh.

Systems Development

Wulf Rajek - Head of IT and Systems Development

Wulf joined Noble in November 2007 to develop custom built in-house applications, primarily for the Fund Management team. He previously ran his own business Armadillo Solutions after having worked for twenty4help Knowledge Services GmbH (Dortmund, Germany) and Ltd (Newcastle upon Tyne, England & Linlithgow, Scotland) from 1998 until 2007. At twenty4help he worked in several departments ranging from providing Microsoft Personal Operating Systems support to being Programme Manager and Supervisor at Sun Microsystems' Global Remote Support Centre. In 2001 Wulf successfully completed a modern apprenticeship as "IT Systemkaufmann".

Alastair White - Developer

Alastair joined Amati in June 2020 to work on systems for the fund management team and assist with systems administrations as part of the IT team. Alastair is a recent graduate from the University of Edinburgh in Computer Science and Mathematics with a background in cyber security. Prior to Amati, Alastair had experience as an IT technician for the department of Informatics at Edinburgh and as a committee member of the University’s cyber security society.


Ali Clark - Finance Director

Ali joined the Amati team in 2018 and heads up the Finance and Operations areas of the business. She worked with Noble Group from 2008 to 2010. For the last seven years she headed up the Finance team at Lindsays, a Scottish law firm. Ali trained with Ernst and Young in Glasgow and is a Chartered Accountant with the Institute of Chartered Accountants of Scotland.

Risk & Compliance

Andrew Lynn - Head of Risk and Compliance

Andrew Lynn is responsible for risk and compliance at Amati and is leading on the implementation of MiFID II legislation across the firm. Andrew studied both Music and English to postgraduate level and holds the CISI Certificate in Global Financial Compliance, the CISI Certificate in Investment Operations, the CISI Certificate in Risk in Financial Services and the CFA UK Investment Management Certificate. Prior to joining Amati he worked as a professional trumpet player and held the position of Principal Trumpet of the Orchestra of Scottish Opera.

Ruth Duguid - Risk and Compliance Manager

Ruth Duguid joined Amati in 2017. Prior to taking a career break to raise her family, Ruth worked in the private legal sector in both Glasgow and Edinburgh. Having qualified as a solicitor in Scotland specialising in the area of Property Finance, she went on to qualify as a solicitor in England and Wales and from there moved on to the area of Knowledge Management. Ruth remains a non practising member of both The Law Society of Scotland and The Law Society