The Executive Board
Ansar Mahmood FCA
Ansar Mahmood FCA
Ansar Mahmood FCA
Our Executive Director
A Fellow of the ICAEW with over 25 years of experience, our Executive Director has led Nebula Group from concept to execution—shaping its strategy, identifying its investments, and assembling the advisory team. With a background spanning audit, finance, and cross-border investment, he has built and advised high-gro
Our Executive Director
A Fellow of the ICAEW with over 25 years of experience, our Executive Director has led Nebula Group from concept to execution—shaping its strategy, identifying its investments, and assembling the advisory team. With a background spanning audit, finance, and cross-border investment, he has built and advised high-growth businesses across sectors including technology, property, and digital infrastructure. Nebula reflects his commitment to long-term, high-impact enterprise.
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Ansar Mahmood FCA
Ansar Mahmood FCA
Our Chairperson
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Ansar Mahmood FCA
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Our Chief Finance Officer
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Our Investment Committee Representative
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Our Legal Counsel
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Our Communications Director
The Investment Advisory Panel
Martyn Shaw
Pascal Estienne
Pascal Estienne
Senior Advisor – Education, Skills & International Development
Martyn brings deep experience in education, international development, and public-private collaboration. Formerly Director of Business Development at the University of Bolton, he has led major partnerships across academia, industry, and government. At A1, Martyn advises on s
Senior Advisor – Education, Skills & International Development
Martyn brings deep experience in education, international development, and public-private collaboration. Formerly Director of Business Development at the University of Bolton, he has led major partnerships across academia, industry, and government. At A1, Martyn advises on skills, talent development, and international engagement—ensuring our projects are aligned with long-term human capital and institutional growth.
Pascal Estienne
Pascal Estienne
Pascal Estienne
Senior Advisor – Industry & Technical Commercialisation
A nuclear engineering graduate of École Centrale Paris, our senior advisor brings over four decades of experience across the global chemical, energy, and advanced manufacturing sectors. He has founded and scaled multiple successful companies in Europe, Asia, and North America, special
Senior Advisor – Industry & Technical Commercialisation
A nuclear engineering graduate of École Centrale Paris, our senior advisor brings over four decades of experience across the global chemical, energy, and advanced manufacturing sectors. He has founded and scaled multiple successful companies in Europe, Asia, and North America, specialising in the commercialisation of technical innovation.
Alongside his deep industrial expertise, he has worked extensively in subsea oil production, including the use of deep-sea diving operations and remote subsea vehicles for inspection and intervention. His breadth of experience—from surface chemistry to subsea engineering—positions him as a trusted advisor across a wide range of technically complex and capital-intensive ventures. His strategic insight and global industrial track record bring depth to Nebula’s work in process chemistry, energy systems, and infrastructure.
Max Dubois
Pascal Estienne
Max Dubois
Project Management
Max has held leadership, advisory and representative roles with the United Nations, in commerce, within Government and with inter-governmental agencies. His operational experience includes successfully directing capital government programs, a fully subscribed London Stock Exchange Public Listing, multiple trade sales, m
Project Management
Max has held leadership, advisory and representative roles with the United Nations, in commerce, within Government and with inter-governmental agencies. His operational experience includes successfully directing capital government programs, a fully subscribed London Stock Exchange Public Listing, multiple trade sales, mergers and acquisitions, controlling PLC enterprise risk portfolios and delivery of a broad range of projects related to energy, conflict and development, globally. Academically, Max is a graduate of Harvard Business School, the Geneva University Global Studies Institute, the Geneva Centre for Security Policy and Coventry University School of Energy, Construction and Environment. He also has a diverse range of technical accreditations, institutional memberships and holds multiple patents.
The Funding Team
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Head of Strategic Funding
Leads the identification and structuring of funding partnerships, with a focus on aligning capital sources to Nebula’s long-term investment strategy. Works closely with internal teams and external stakeholders to secure the financial backing needed for large-scale, high-impact projects.
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Director of Capital Development
Responsible for shaping and executing Nebula’s capital raising initiatives. Brings together investors, institutions, and co-funders to support the growth of our project portfolio, ensuring the right capital is in place at each stage of delivery.