Our Team

Les Fallick
Founder and Chairman
Download vCard: Les established Principle in 2001. He has over 20 years' experience in the Australian institutional investment market and has served as a trustee, investment manager and investor. He was a Director of Legal & General Asset Management, special advisor to the Managing Director of AMP Asset Management and a Director of the Development Australia Fund and Gresham Private Equity. In his academic career, prior to joining the investment management industry, Les lectured at several European universities and authored two books. Les has held over 20 non-executive directorships and is currently Chairman of the Fred Hollows Foundation and is on the board of Infrastructure Capital Group, Continuity Capital Partners and the Nimrod Group (UK). He holds an MA and M.Litt in Economics and is a Fellow of the Australian Institute of Company Directors.

Ken Licence
Managing Director
Download vCard: Ken joined Principle in 2009 and was appointed to the role of Managing Director in December 2010. Ken has over 17 years’ financial services experience across a range of investment strategies including property, private equity and infrastructure. He has held senior management positions with Lend Lease, Deutsche Asset Management, and CP2, assisting major domestic and international institutional clients. Ken has been a Board Member of the Association of Superannuation Funds of Australia (NSW) and holds a Bachelor of Commerce from Griffith University and a Masters of Business Administration from the University of Queensland.

Alf Stamp
Director
Download vCard: Alf joined Principle in 2006. Alf, a qualified accountant, has over 25 years' experience in senior finance, general management, Board representation and consulting roles, within both small organisations and large multinationals. He has assisted in the completion of over 40 capital raisings, acquisitions and sales of businesses. Alf has been CEO of one listed company and three private companies. Alf manages placement assignments and acts as the company CFO.

James Cowper
Associate Director
Download vCard: James joined Principle as an Analyst in early 2008 and became an Associate Director in mid-2011. James has fundraising and product design experience. Amongst other responsibilities he conducts analysis on the Australasian institutional market and undertakes manager due diligence. James holds a Bachelor of Arts from the University of Sydney as well as a Master of Commerce from the same university, majoring in Finance and Commercial Law. He is a Level III candidate in the CFA Program.

Joanna Douglas
Project Manager
Download vCard: Joanna joined Principle in early 2008 in a part-time capacity. She has eight years' experience advising companies on strategy development, diagnostics and business performance improvement, primarily in the financial services and resources industries. Joanna holds a Bachelor of Arts from University College Dublin and a Graduate Diploma in Marketing from the Dublin Institute of Technology.

John Rickus
Director
Download vCard: John joined Principle at the beginning of 2007 after completing ten years as Independent Chairman of MTAA Super Fund. John spent seven years in banking and stockbroking in London before moving to Adelaide where he worked in stockbroking for five years prior to entering the retail motor industry as a proprietor. John was a Director of Adelaide Airport Ltd for ten years until 2008 and chair of their Audit Committee, and was also a director of Brisbane Airport Corp for seven years. He is Chairman of Flinders Ports Group, the operator of seven commercial ports in South Australia, and until 2007 was independent chair of the Audit Committee of the Federal Court of Australia. John is a fellow of the Australian Institute of Company Directors and holds an economics degree from the University of Adelaide.

Lachlan Douglas
Non-Executive Director
Download vCard: Lachlan worked as a Principle executive for nine years until 2010, at which time he moved into a full-time role as a Director with Infrastructure Capital Group, a long-term Principle client. Lachlan continues to sit on the Principle Board as a non-Executive Director. While with Principle, Lachlan worked on a broad range of placement and consulting assignments and was Managing Director of the firm from August 2009 until December 2010. Prior to joining Principle, Lachlan was a consultant to a number of investment managers in traditional and alternative asset classes, was a Director of two infrastructure project development companies, and worked as an engineer. He holds Bachelor and Master degrees in engineering from the University of Technology Sydney and a Master in Applied Finance from the Financial Services Institute of Australia.

Sallymae Bailey
Executive Assistant
Download vCard: Sallymae joined Principle in early 2007 and has over 25 years' experience giving high level administrative support to businesses ranging from private equity start-ups, international business consulting, conference and event planning, to preventative health management. She has had multinational experience working for significant periods in Canada, the Solomon Islands, New Zealand and South America.

Angela Martin
Executive Assistant
Download vCard: Angie joined Principle in November 2008 as assistant to the Chairman, returning to the finance industry after running her own Executive Management Services business for the previous five years. Angie has worked in the finance industry for most of her working career, supporting Managing Directors, as well as having experience in marketing and event management.