He held non-executive directorships in mining, financial services and strategy consultancy businesses. Mr Depel has been a Director of a retail derivatives exchange; several alternative investment management firms and brokers; a major UK stockbroker; Chief Legal Officer for the largest UK insurer; Special Counsel to Lloyd's; and was in private legal practice in London and San Francisco. He is a solicitor and is qualified to practice law in California, England and Wales.

He received his BSc (management and accounting) and JD (law) from Indiana University and a LLM (corporate finance and banking law) from King's College, University of London. He is also a Fellow of the Chartered Institute of Securities and Investments (FCISI), the Chartered Insurance Institute (FCII), the Institute of Operational Risk, and a former Fellow of the Chartered Management Institute, and a past Fellow and Chairman of the Institute of Risk Management in 2006-07. He is a solicitor of the Court of England & Wales since 1997 and a California lawyer since 1990. Cary is a British and US citizen and has lived in London, England with his family for 19 years.