The work of a financial analyst falls somewhere in the middle between that of a mathematician and of an orator.

BENJAMIN GRAHAM, The Intelligent Investor

Our Team

Tweedy, Browne is owned by its four Managing Directors, William H. Browne, Thomas H. Shrager, John D. Spears and Robert Q. Wyckoff, Jr.; certain other employees of Tweedy, Browne; and a wholly-owned subsidiary of Affiliated Managers Group, Inc. (“AMG”), which owns a majority interest in Tweedy, Browne. The Management Committee, which consists of the firm’s Managing Directors, oversees the operations and business matters of the firm. The Managing Directors and three of our analysts comprise the Investment Committee, which functions on the basis of a consensus of opinion, rather than as individual portfolio managers. In its entire history, Tweedy, Browne has had only eleven principals, four of whom are currently active. The four MDs have been with the firm for tenures ranging from 25 to 42 years. Will Browne and John Spears have worked together and have served as principals of the firm for over 38 years. No Managing Director or former general partner has ever left Tweedy, Browne to join another investment firm.

only 11 principals

in the entire history
of Tweedy, Browne

Investment Team

Olivier Berlage Analyst
Olivier Berlage
Analyst
Phone +1-456-7890

Olivier Berlage joined the Investment Adviser in 2002, primarily focusing on companies in the Asia Pacific area. Prior to joining the Investment Adviser, he held positions with McKinsey & Co. in Brussels and Amsterdam and with NEC Corp in Tokyo. He received a M.E.E from the University of Tokyo and a Master in Management Science from the Solvay Business School in Brussels

William H. Browne Managing Director of Tweedy, Browne Company LLC,
Vice President and Director of Tweedy, Browne Fund Inc.
William H. Browne
Managing Director of Tweedy, Browne Company LLC,
Vice President and Director of Tweedy, Browne Fund Inc.

William H. Browne has been with Tweedy, Browne Company LLC, a registered investment adviser, since 1978 and is a member of the firm’s Management Committee and Investment Committee. He is a Managing Director of Tweedy, Browne Company LLC, Vice President and Director of Tweedy, Browne Fund Inc., a mutual fund group comprised of the Tweedy, Browne Global Value Fund, the Tweedy, Browne Global Value Fund II — Currency Unhedged, the Tweedy, Browne Value Fund and Tweedy, Browne Worldwide High Dividend Yield Value Fund. Additionally, he is a member of the Executive Advisory Board of the Heilbrunn Center for Graham & Dodd Investing, and Trustee Emeritus of Colgate University. Mr. Browne holds the degrees of B.A. from Colgate University and M.B.A. from Trinity College in Dublin, Ireland.

Roger R. de Bree Analyst, Investment Committee Member
Roger R. de Bree
Analyst, Investment Committee Member

Roger R. de Bree has worked for Tweedy, Browne since 2000. Mr. de Bree is a member of the firm’s Investment Committee, as well as Treasurer of Tweedy, Browne Fund Inc. Before joining Tweedy, Browne he worked at ABN AMRO Bank and MeesPierson Inc. He has an undergraduate degree in business administration from Nijenrode, the Netherlands School of Business in Breukelen, the Netherlands as well as a M.B.A. from IESE, University of Navarre in Barcelona, Spain.

Andrew Ewert Analyst
Andrew Ewert
Analyst

Andrew Ewert joined Tweedy, Browne in June 2016, and is focused on global companies. Previously, he held positions at Equinox Partners, L.P., Ruane, Cunniff & Goldfarb Inc., MTS Health Partners, L.P., and Bear Stearns. Mr. Ewert holds the degrees of B.B.A. from Emory University and M.B.A. from Columbia Business School.

Frank H. Hawrylak, CFA Analyst, Investment Committee Member
Frank H. Hawrylak, CFA
Analyst, Investment Committee Member

Frank H. Hawrylak, CFA joined the Investment Adviser in 1986. Mr. Hawrylak is a member of the firm’s Investment Committee. Prior to joining the Investment Adviser, he worked in the investment department at Royal Insurance. Mr. Hawrylak received a B.S. from the University of Arizona and an M.B.A. from the University of Edinburgh, Scotland.

Jay Hill, CFA Analyst, Investment Committee Member
Jay Hill, CFA
Analyst, Investment Committee Member

Jay Hill, CFA has been associated with the Investment Adviser since 2003. Mr. Hill is a member of the firm’s Investment Committee. Prior to joining the Investment Adviser, he held positions with Banc of America Securities LLC, Credit Lyonnais Securities (USA) Inc., and Providence Capital, Inc. He received a B.B.A. from Texas Tech University.

Amelia Koh Analyst
Amelia Koh
Analyst

Amelia Koh joined Tweedy, Browne in June 2016, and is focused on global companies. Previously, she worked at Deutsche Bank Securities Inc. Ms. Koh holds the degrees of B.A. from Macalester College and M.B.A. from Columbia Business School.

Dave Kranse, CFA Analyst
Dave Kranse, CFA
Analyst

Dave Krasne, CFA joined the Investment Adviser in 2009, focused on researching global companies with above average dividend yields. Previously, he held a research associate position at The Capital Group Companies. Mr. Krasne received a B.A. from Cornell University and an M.B.A. from Columbia Business School.

Sean McDonald, CFA Analyst
Sean McDonald, CFA
Analyst

Sean McDonald, CFA joined the Investment Adviser in 2009. He researches global companies but also focuses considerable time on companies in emerging markets. Prior to joining Tweedy, Browne, he worked for The Capital Group Companies and held positions at Stonefield Josephson and Sanli Pastore & Hill. Mr. McDonald has an undergraduate degree in political science from the University of California, Los Angeles and an M.B.A. from Columbia Business School. Prior to his undergraduate studies, Mr. McDonald served as an infantryman in the 101st Airborne Division of the US Army.

Thomas H. Shrager Managing Director
Thomas H. Shrager
Managing Director

Thomas H. Shrager has been associated with the Investment Adviser since 1989 and is a Managing Director of Tweedy, Browne Company LLC. Mr. Shrager is a member of the firm’s Investment Committee and Management Committee, and is the President and a Director of Tweedy, Browne Fund Inc. Previously he had worked in mergers and acquisitions at Bear Stearns, and as a consultant for Arthur D. Little. He received a B.A. and a Masters in International Affairs from Columbia University.

John D. Spears Managing Director
John D. Spears
Managing Director

John D. Spears* joined the Investment Adviser in 1974 and is a member of the firm’s Management Committee and Investment Committee. He is a Managing Director of Tweedy, Browne Company LLC, and Vice President of Tweedy, Browne Fund Inc. Previously, he had been in the investment business with Berger, Kent Associates; Davic Associates; and Hornblower & Weeks-Hemphill, Noyes & Co. Mr. Spears studied at the Babson Institute of Business Administration, Drexel Institute of Technology and the University of Pennsylvania ‐ The Wharton School.

Robert Q. Wyckoff, Jr. Managing Director
Robert Q. Wyckoff, Jr.
Managing Director

Robert Q. Wyckoff, Jr. has been associated with the Investment Adviser since 1991 and is a Managing Director of Tweedy, Browne Company LLC. Mr. Wyckoff is a member of the firm’s Investment Committee and Management Committee and is the Chairman and Vice President of Tweedy, Browne Fund Inc. Prior to joining the Investment Adviser, he held positions with Bessemer Trust, C.J. Lawrence, J&W Seligman, and Stillrock Management. He received a B.A. from Washington & Lee University and a J.D. from the University of Florida School of Law.

4

of those in principals
are currently active

Client Services

Jason J. Minard Executive VP, Marketing & Client Services
Jason J. Minard
Executive VP, Marketing & Client Services

Jason joined Tweedy, Browne in January 1999.  He is an Executive Vice President of Tweedy, Browne Company LLC where he is responsible for business development and client services.  Prior to joining Tweedy, Browne Company LLC he worked in the Private Client departments at Warburg Pincus Asset Management and Zweig/Avatar Capital Management.  Mr. Minard holds a B.A. degree from the State University of New York at Albany and an M.B.A. from Fordham University.

* denotes Investment Committee Member

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