INTRODUCING TERRY SMITH – CHIEF EXECUTIVE & CIO OF FUNDSMITH LLP
Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974 till 1983, and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He
became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984 till 1989. In 1990, he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the
publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000, he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London
Stock Exchange five months later. In 2003, Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged
in 2006, with Terry remaining CEO of Tullett Prebon until September 2014. In 2010, he founded Fundsmith, where he is both CEO and CIO. In 2012, he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations, following the
success of his campaign to commemorate the New Zealander Air Marshal Sir Keith Park.