Paul Slattery is a co-founder and director of Otus & Co. 
                  He worked for Dresdner Kleinwort Wasserstein 
                  ("DrKW") for 15 years until 2002. Until 1998 he worked 
                  in Global Equities where he was head of Hospitality research. 
                  He established the industry presence of DrKW and built its hospitality 
                  reputation as one of the market leaders among stockbrokers. 
                  His prime responsibilities were the analysis of hospitality 
                  companies, the publication of investment research on the companies 
                  and the provision of investment advice to financial institutions. 
                  He developed and managed teams of investment analysts who were 
                  usually voted in the top three in the sector. Paul created a 
                  database of the global hotels of quoted companies, which provides 
                  unique analyses of the strategic opportunities for hotel chains 
                  and his annual book on Quoted Hotel Companies as well as analyses 
                  of restaurant companies became sources of record in the hospitality 
                  and investment industries. 
                In 1998 he joined Corporate Finance 
                  at DrKW and from 2000 worked alongside Simon Read to develop 
                  the bank's franchise in the hospitality and travel arena. In 
                  this role he undertook strategic research on the hospitality 
                  industry and its companies as well as advising companies on 
                  mergers and acquisitions. Since he joined, DrKW has advised 
                  on a range of hospitality transactions for companies such as 
                  Compass Group, Scandic Hotels, Thompson Travel Group and Whitbread. 
                  Of particular note, Paul, together with Simon Read, advised 
                  Compass Group in 2000/2001 on its disposal of the Forte hotel 
                  brands, the largest ever hotel chain auction.
                 Paul has been a non-executive director at Taylor Nelson Sofres 
                  Hospitality and Leisure, the premier market information company 
                  for the global hospitality industry, and HLR Associates, the 
                  recruitment consultants for the international hospitality industry.
                Early in his career, Paul worked 
                  for several international hospitality companies including Trust 
                  House Hotels, Canadian Pacific and The Rank Organisation. He 
                  also spent time as an academic at Huddersfield University in 
                  England where he ran the BA Honours Hotel and Catering Administration 
                  and was responsible for management research at the Hotel and 
                  Catering Research Centre.
                He has an undergraduate degree in 
                  Hotel and Catering Management and an MSc by research from the 
                  University of Strathclyde, Glasgow. He is a Fellow of the Hotel 
                  and Catering International Management Association. Paul writes 
                  regularly for academic and industry publications and is in frequent 
                  demand to speak at international hospitality industry conferences. 
                  Paul is the visiting Professor of Hospitality Management at 
                  Oxford Brookes University and Chairman of The International 
                  Hotel Investment Council.