Key members of our team include:

Peter Droussiotis: Chairman and Managing Director

Prior to founding PGD Strategy in September 1999, Peter was a senior M & A specialist lawyer and Head of Corporate Insurance at solicitors Howard Kennedy and before that a Corporate Finance Director with Price Waterhouse specialising in strategy consulting and mergers and acquisitions in the financial services and insurance sectors.

From 1993 to 1996, he was the Group Corporate Development Director at the Minet Group, now part of Aon, a global insurance broking and risk advisory organisation, with responsibility for corporate finance activities worldwide. From 1988 to 1993, he served as a senior legal adviser to the Minet Group of companies specialising in transactional work and as a director of several principal Minet subsidiaries. Peter’s previous experience includes positions as a senior corporate finance executive with Credit Suisse’s stockbroking arm in London, as an M & A arbitrage analyst with international stockbrokers Seligmann Harris & Co and as a legal adviser at Lloyd’s of London. Peter has managed an investment budget in excess of £250m and has personally completed numerous domestic and cross border mergers and acquisitions of varying sizes involving hundreds of millions of pounds of capital expenditure; he has also been a pivotal member of transaction teams engaged in multi-billion pound, complex cross border deals.

Peter graduated with an LL.B (Law & Politics) Honours degree at the University of Birmingham in 1983 and was called to the Bar of England & Wales in 1984. He is a Fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce (FRSA) and speaks Greek.

Michael Rossor: Finance Director and Compliance Officer

Prior to his appointment as a director of PGD Strategy in 1999, Michael was Finance Director of the Minet Group, now part of Aon, and led the Group’s worldwide reinsurance operation. At the time of his departure in 1996 Minet was one of the world’s five largest insurance broking and risk advisory organisations with 4,000 employees operating in 40 countries. In his capacity as Minet Group Finance Director, Michael was responsible for corporate development, international resources, compliance matters, particularly within the Lloyd’s of London insurance market, as well as audit relationships and preparation of the Group accounts. Prior to that, Michael held senior finance and accounting positions with Minet, Sedgwick, Anthony Gibbs and Glaxo Laboratories.

Michael oversees PGD Strategy’s financial, company secretarial, tax and compliance affairs and contributes to client assignments. From 1997, he has also run his own accounting practice. Michael has a Masters degree in Social Sciences from the University of Birmingham and is a Chartered Accountant.

Charles Catt: Senior Associate

Charles Catt focuses on the development of PGD Strategy’s relationships and business in the insurance and reinsurance industry.

Charles has enjoyed an extensive career in the insurance and reinsurance industry culminating in his appointment, in 1993, as Managing Director of NAC Reinsurance International, the then newly established international subsidiary of NAC Re Corporation, a large domestic US reinsurance company specialising in casualty and property reinsurance. In this capacity, Charles was responsible for the development of NAC Re International, through organic growth and by acquisition, into an international re-insurer with managed premium income of £50m and capital of £100m. During a career in the sector spanning 40 years, Charles has also held senior underwriting and management positions with NW Re, a joint venture company of Norwich Union, Winterthur and Chiyoda, and British & European, the Commercial Union’s reinsurance arm. Following his departure from NAC Re in 1999, Charles has undertaken a wide range of consulting roles with insurance and reinsurance sector businesses and is currently a director of several insurance and risk management companies in the UK and overseas.

Charles is also an active member of various industry bodies including the Technical and Underwriting Executive Committee of the International Underwriting Association of London, the Research Studies Committee of the Insurance Institute of London and the British Insurance Law Association. He is also the current Chairman of The Reinsurance Training and Education Council.

Ted Dziurman: Senior Associate

Ted Dziurman focuses on the development of the firm’s business in the insurance sector and contributes to client assignments in that sector. He specialises primarily in assisting the firm’s clients in relation to mergers and acquisitions, disposals, operational start-ups, corporate reorganisations, integration, market intelligence and change management.

A senior executive with wide experience of creating and managing international businesses, Ted has over 30 years experience in underwriting, captive and broking organisations predominantly with The St Paul and Minet group of companies.

He was responsible for the development of an international portfolio of businesses for the St Paul in Europe, North and South America, Australasia and Africa through strategic acquisitions and start ups, being appointed Managing Director in 1995 and managing over US$500 million of assets and US$400 million of premiums. Additionally Ted was responsible for the selective disposals of non performing operations. He served on the boards of numerous international companies as both chairman, executive and non executive director.

Ted also spent 11 years as an expatriate working in the South East Asian and African insurance markets and held Managing Director positions in broking and captive management companies in Singapore.

Ted is a graduate of Manchester University with an honours degree in Pure Mathematics, is a Fellow of the Chartered Insurance Institute (FCII) and speaks Polish.

Lawrence Lee: Senior Associate

Lawrence Lee focuses on the development of PGD Strategy’s business and client relationships in Asia and the Far East and contributes to client assignments originated in those territories.

Lawrence has enjoyed a career in the insurance industry spanning more than 30 years, most recently as Aon Asia’s Regional Managing Director for Aon Consulting, a role in which he served for approximately two years, until the end of 2006. Prior to that, he had served as the Chief Executive Officer of Aon Hong Kong Limited for just over four years and, between 1997 and 2000, as Aon’s Regional Director responsible for the development of Aon’s professional liability and financial institutions business in Asia. His career with Aon began in 1997 following the acquisition of Minet Group, where Lawrence was the Chief Operating Officer of Minet companies in South Asia, by the Aon Corporation.  Lawrence had joined Minet Hong Kong Limited in 1988 having previously held various insurance positions with Jardine Insurance Underwriting Management Limited, Lombard Alliance insurance Company Limited and the American International Assurance Company Limited. In 1978, Lawrence became the first lecturer in insurance at the Hong Kong Polytechnic University which he continued until 1980.  During the same period, he also served as a member of the Insurance Training Board of the Vocational Training Council. Lawrence was also elected President of the   Hong Kong Insurance Institute in 1981.

Lawrence is currently an Independent Non-Executive Director of Ming An (Holding) Limited, a public listed company in Hong Kong, and has undertaken a series of consulting roles since his departure from Aon at the end of 2006. 

Lawrence’s academic and professional qualifications include Bachelor of Science, Indiana University USA and an MBA from the Chinese University of Hong Kong. He is also an Associate of The Chartered Insurance Institute UK, a Fellow of the Life Management Institute USA and a Fellow of the Hong Kong Institute of Directors. He speaks English, Cantonese, Putonghua and Fukienese.

Nick Michaels: Senior Consultant

Nick works with PGD Strategy as a Senior Consultant specialising in Human Resources. He focuses principally on assisting clients requiring interim, project and change management services in the context of corporate reorganisations, employee transfers and mergers and acquisitions.

Nick has held a variety of senior HR positions with the National Bank of Greece; Railtrack PLC; the London Stock Exchange and Cambridgeshire County Council. He has particular expertise in organisation design, restructuring, reward strategy, resourcing and employee communications.

Nick has successfully planned and delivered programmes to unify teams from different organisations following acquisition or transfer; managed executive share option schemes; recruited Directors for a FTSE 100 company; and led efficiency and effectiveness reviews for organisations of up to 1200 people.

Nick is a graduate of Keele University with a degree in Philosophy, Politics and Economics and also has a Masters degree in Industrial Relations from Warwick University.

Wallace Wormley: Senior Associate

Wallace Wormley focuses on the development of PGD Strategy’s relationships and business in the traditional and alternative asset management industry.

Wallace has over 30 years of experience advising on matters involving both alternative assets and traditional investments. He is the founder & Managing Director of OSPARA Limited a private investment consultancy based in the UK, focused on providing independent advice and research to family businesses and institutional clients on matters relating to asset allocation and risk assessment.

Wallace has worked in global asset management and in the capital markets in Europe, the Pacific Basin and North America. Over this period he has held key executive positions in portfolio management, fund implementation, asset allocation, risk assessment and corporate finance advisory with a range of organizations such as Sanlam Ltd. (UK, Netherlands and Switzerland), Sand Air Limited (UK), Man Investments AG (Switzerland), Prudential Financial Inc. (US, Japan and UK) and Fidelity Investments (US).

At OSPARA, Wallace works with a wide range of clients including family businesses and their advisors as well as institutions including foundations, pension funds, insurance and reinsurance companies, private banks, securities brokers and wealth managers. He advises his clients on matters involving alternative assets such as hedge funds, real estate and private equity as well as traditional investments such as equities, bonds and cash equivalent portfolios.

Wallace pioneered some of the early work in behavioural finance, has served as an expert on cases of commercial litigation involving investment management issues and also provides strategic corporate advice used in start-up and M&A situations. He has a PhD and Masters Degree from Harvard University.

Wallace is currently on the Advisory Boards of Heritage Equity Partners, an independent advisor to the unique needs of entrepreneurial wealth as they transition from the role of ‘operator’ to ‘investor’ and the Foundation for the Exhibition of Photography. He is also a ‘Founding Father’ of Albourne Partners Ltd.