About Us

Malcolm Naish

Non-Executive Chairman

A Chartered Surveyor, Mr Naish has over 40 years' experience of working in the real estate industry. Until recently he was head of real estate at Scottish Widows Investment Partnership ("SWIP") with responsibility for a portfolio of commercial property assets spanning the UK, Continental Europe and North America, and SWIP's real estate investment management business. Prior to joining SWIP he was director and head of DTZ Investment Management, where he also led new business development in the UK and international markets. He was a founding partner of Jones Lang Wootton Fund Management, and UK Managing Director of LaSalle Investment Management. In 2002, he co-founded Fountain Capital Partners, a pan-European real estate investment manager and adviser. Mr Naish was also Chairman of the Scottish Property Federation for 2010/11.


Professor June Andrews

Non-Executive Director

Professor Andrews is a director of the Dementia Service Development Centre at the University of Stirling and is a world renowned dementia specialist. She has been recognised with the Founders Award of the British American Project of which she is a Fellow, and was awarded the Robert Tiffany Award by the Nursing Standard for her international work. She has considerable expereince in management of change in health services, having set up and directed for three years the Centre for Change and Innovation in the Scottish Executive Health Department. In her current role she is applying those skills across sectors in the care of people with dementia including the health, social services, private and volunatary bodies who provide care.


Gordon Coull

Non-Executive Director

Mr Coull is a former partner at Ernst & Young LLP where he specialised in investment trusts and property. He has served as an audit committee member at Universities Superannuation Scheme since April 2012 and is the Chairman of the Company's audit committee.


Thomas J Hutchison III

Non-Executive Director

Mr Hutchison has more than 40 years of experience focused in the lodging, hospitality, real estate development, seniors' housing and financial services industries. Mr Hutchison is the principal founder of Legacy Hotel Advisors LLC and Legacy Healthcare Properties LLC where he served as the Chairman of both companies. In January 2000, he joined CNL Financial Group Inc where he held several key executive positions over an eight year period. He is also a member of The Real Estate Roundtable, Leadership Council for Communities in Schools and the Advisory Council of the Erickson School of Aging Studies. Additionally he serves as a senior advisor to various services industry public companies. He is a former Director of Zapata Corporation, General Development Corporation, Vision360 and Trinity Forum.


Hilary Jones

Non-Executive Director

Mrs Jones joined R&H fund administration business in Jersey in 1999 and was promoted to the role of Principal Manager in 2005. Since 2009 she has been a director of R&H and leads a team responsible for a wide range of corporate services, in particular for property funds. Mrs Jones is a Fellow of the Association of Chartered Certified Accountants and a past member of the Legal & Technical Committee of the Jersey Funds Association, she also sat on the Authorisation Users panel which liaised with the JFSC on behalf of the funds industry regarding specific matters relating to the authorisation of funds.


Ian Webster

Non-Executive Director

Mr Webster joined R&H in 2016 having previously worked as a Director for BlackRock in various funds, finance and company secretarial roles for 14 years. During his time at BlackRock, Mr Webster gained significant experience in the real estate funds industry, his team providing considerable day-to-day management, trusteeship and administration services for several real estate vehicles. Mr Webster acted as director of several BlackRock SPVs investing into various sectors including healthcare. He previously worked for Barclays Private Bank & Trust as an Associate Director and KPMG as a Senior Auditor and has over 20 years of experience in the finance industry. Mr Webster became a member of the Institute of Chartered Accountants of Scotland in 1995 and holds a first class honours degree in accountancy from the University of Dundee. 


Kenneth MacKenzie

Managing Partner, Target Advisers LLP

Chartered Accountant with 40 years of business leadership experience, last thirteen in healthcare. Founder of Kames Target Healthcare Fund and Target Healthcare REIT each of which are long term income funds with conservative and profitable track records and Target Advisers the premier niche senior living fund managers in the UK.  In 2005, he led the acquisition of Independent Living Services (ILS), Scotland’s largest independent domiciliary care provider. Kenneth grew this business by acquisition and put in place a new senior management team before exiting via a disposal to a private equity house. Prior to his involvement with ILS, Kenneth negotiated the proposed acquisition of a large UK independent living business in a JV with the large US care home operator, Sunrise Senior Living, as they looked to enter the UK. Preceding his involvement in the healthcare sector, Kenneth has owned businesses in the publishing, IT, shipping and accountancy sectors and he holds a number of pro-bono charitable roles.


John Flannelly

Investment Partner, Target Advisers LLP

Chartered Accountant with 19 years’ experience, last ten in real estate investment management. Investment Partner at Target Advisers since inception in 2010 with primary responsibility for all investment activity for the Kames Target Healthcare Fund and Target Healthcare REIT. John has been involved in the appraisal of several hundred care home opportunities resulting in the acquisition of c.60 properties for those client Funds.  Prior to joining Target, John held board positions at a UK top-10 care home operator and a care home development business during his time as investment director for an institutional investor. John started his career at Arthur Andersen where he worked on audits, financial due diligence and corporate finance projects before moving to the Bank of Scotland initially to structure finance packages for management buy-outs and latterly to a role in real estate investment management.


Andrew Brown

Healthcare Partner, Target Advisers LLP

Andrew has spent most of his life in the senior care sector, currently visiting c.100 homes per year in his current role as Healthcare Partner at Target, of which he is one of the founding partners. Previously to Target he and his family developed one of the largest and most unique continuing care retirement communities in the UK, Auchlochan Trust. Andrew has played the role of developer, builder and operator of care homes resulting in a community of c.350 care beds, c.100 retirement properties and a staff of >300. These facilities included both residential care homes and nursing homes and Andrew was directly responsible for operations. Auchlochan was also involved in Trinity Care plc as an investor.


Donald Campbell

Portfolio Partner, Target Advisers LLP

Donald is a Chartered Accountant with 28 years experience. He was a partner with Deloitte LLP for 16 years specialising in private markets tax advisory work, where his clients included care home operators, property investors and fund managers. Donald’s role at Target involves reviewing monthly financial performance data provided by the operators to ensure compliance with the lease terms. He is also responsible for reporting financial information and KPIs on a quarterly basis to our funds' boards.