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Speaker Biographies
Date: 06/02/2003 Location: Edinburgh Hilton Airport Hotel
Chairman: Mr  David Moulsdale
Speaker: Mr  Ken Todd  Mr  Paul  Mugnaioni          

After graduating in business studies in 1973, Ken Tod held senior management and board positions with several international, blue-chip companies. He left the corporate world in 1980 to start his first business in the sports industry, which he built up and sold 8 years later. For the next seven years he was a senior partner in a management consultancy company, working with a wide range of SMEs throughout Scotland. Ken joined Quality Street in 1996 as Operations & Marketing Director, then going on to form the new generation of Quality Street with Paul in 1998. Since its launch in 1998, Quality Street has grown to managing over £100m of residential investments throughout Scotland, on behalf of its own investment companies and investor clients.

Paul Mugnaioni graduated with a first class honours in architecture from Strathclyde in 1971. He was awarded a diploma from the Architectural Association in 1973 and a Masters degree in planning economics from University College London in 1974. Paul then worked for the GLC and Glasgow District Council where he became the UK’s youngest Director of Housing in 1983. He then left to establish Quality Street with funding from Nationwide Anglia Building Society in 1987.  Paul was nominated one of Europe’s top 500 leaders of entrepreneurial companies in 1993.  By 1997 Quality Street was among the UK’s largest quality residential landlords with a portfolio of around £200m.  Paul sold the business and the portfolio to Nationwide, retaining the brand, and going on to form Quality Street’s current residential investment business with Ken Tod. Paul has served on several government and University advisory boards, and lectured in the UK, Europe and the United States.

David Moulsdale, 33, is Chairman and Chief Executive of DCM (Optical Holdings) Ltd which owns the Optical Express and Eye Clinic/Health Clinic businesses. His Company is the fifth largest optical business in the UK and widely recognised as the fastest-growing. David founded Optical Express in 1991 in Leith, Edinburgh. Since then the business has grown rapidly and made several important acquisitions.  Optical Express now has 143 stores and 20 clinics across the UK. In June 1998 David won The Scottish Business Achievement Award and received the accolade at a ceremony in Holyrood Palace, Edinburgh from The Princess Royal. In November of the same year, he was named Scottish Entrepreneur of the Year after being a finalist in both the Emerging and Entrepreneur of the Year categories previously. The following month Optical Express came second in The Sunday Times/Virgin Atlantic “Fast Track 100” listing after the business achieved a sparkling 197 per cent annual growth in the previous three years. In April 1999, David represented Scotland and won the World Young Business Achiever Award in Portugal. In 2000, Optical Express was recognised as the second fastest-growing Scottish business over a 10 year period and in 2001 the Company was runner-up in the Gazelle listing drawn up by the Business am newspaper for rapid growth over the previous four years. David is also Chairman of the Royal National Institute for the Blind  (RNIB) New Appeal (Scotland) and is also Honorary Professor of Entrepreneurship at the University of Stirling. In September 2001, Optical Express began a series of acquisitions starting with the Co-Operative Eyecare Group and in January 2002 it went on to acquire 14 stores from Specdeals Opticians and a further 3 from Drain Opticians. In October 2002, David acquired the entire business and assets of Health Clinic plc adding a further 20 clinics and 700 more employees to the existing 1100 staff. Health Clinic trades as Eye Clinic in Scotland and all Scottish employees at both the Glasgow and Edinburgh clinics were retained as part of the acquisition deal. The Health Clinic/Eye Clinic business and Optical Express are now trading separately under the DCM (Optical Holdings) Ltd umbrella. The enlarged business has forecast sales this year of £100 million. DCM (Optical Holdings) Ltd has its United Kingdom headquarters in Cumbernauld near Glasgow.


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