DISRUPTIVE CAPITAL ACQUISITION COMPANY LIMITED
DIRECTORS
For the period ended 31 December 2021
As at the date of this Annual Report 2021, the Statutory Board of Directors (the “Board”) is composed of
the following Statutory Directors (the “Directors”):
Wolf Becke, aged 75 (Chairman) - Appointed to the Board on 15 July 2021
Wolf Becke is an independent Non-Executive Director and chair of the Board (the “Chair”). He was a
member of the Board of Directors of Swiss Life Holding AG between 2012 and 2017, a member of the
Board of Directors of Vitality Life Ltd between 2016 and 2020, and a member of the Board of Directors
of Discovery Holdings Europe Ltd between 2016 and 2020. He served for over 20 years on the executive
board of Hannover Re., including as the chief executive officer of Hannover Life Re, from 1999 to 2011.
He also serves as a committee member for Pension SuperFund Capital GP II Limited. He also sat on the
board of Swiss Life Holding from 2012 to 2017.
Edmund Truell, aged 59 (Director) - Appointed to the Board on 29 April 2021
Edmund Truell is the Executive Director of the Company. He is a director and the managing partner of
Disruptive Capital GP Limited, the Sponsor. His investment track record has a lifetime average net
realised IRR of approximately 33% with over £9 billion of investments across the past 27 years of his
private equity career, in either chief executive officer or investment committee chair roles. In 1988, he
led the management buyout of Hambro European Ventures, which he co-founded in 1987 and ran from
1993, to form Duke Street Capital, a top ten European private equity firm, which generated an aggregate
net 31% realised IRR from its inception until its sale in 2007. Whilst leading Duke Street Capital, he
created Duchess 1, the first collateralized debt obligation fund in Europe, in 2001 which raised €1 billion.
Portfolio companies of Duke Street Capital included Xafinity, a large provider of business process
outsourcing services including pension administration, consultancy and provision of pension software,
where he introduced to the business model cross selling as well as capital and IT to support growth in
software and consultancy to the insurance sector. After a few acquisitions to bolster its market position,
Xafinity was sold to Advent to form Equiniti in 2010. Sporting Index, an FCA regulated spread betting
business, was another portfolio company of Duke Street Capital, where he terminated the non-core
business to grow market shares in sports, professionalised sales and marketing and invested in new
product development, information technology and distribution channels. In 2007, he co-founded with
his late brother, Daniel Truell, the Pension Insurance Corporation, one of the United Kingdom’s largest
ever start-ups. As its chief executive officer, he developed the Pension Insurance Corporation into a
leader in the UK bulk annuity market, which has £49.6 billion in assets and 273,500 pension scheme
members each as at December 2020. As Chairman of the London Pension Fund Authority, a position he
held from 2012 to 2015, he led the first ever public sector pension merger, with Lancashire and Berkshire
and transformed UK public sector funds. He also restructured the entire management team and
transformed the asset and liability management of the London Pension Fund Authority, while the
funding improved from 50% to 93% of liabilities. He was also an architect of the £260 billion SuperPools
consolidation. In 2018, he co-founded the Pension SuperFund, aiming to consolidate UK private sector
pension funds across this £2.1 trillion sector (as at 2021).
Roger Le Tissier, aged 57 (Director) - Appointed to the Board on 29 April 2021
Roger Le Tissier is a Non-Executive Director of the Company. He holds several non-executive director
positions with leading asset managers, private equity general partners, insurance, pension companies
and charities. Previously, he was a partner of the law firm and fiduciary group Ogier and the founder
partner of Ogier, Guernsey from its inception in 1998 until 2013. He also serves as a non-executive
director of Pension SuperFund and Long Term Assets Limited.