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Asia Frontier Capital Limited

Thomas Hugger, CEO and Fund Manager

Thomas Hugger, CEO and Fund Manager
has spent 27 years in private banking where he specialized in managing portfolios of listed and unlisted equities. He has been investing in Asian and African Frontier Markets since 1993. He is the former Managing Partner, CFO & COO of Leopard Capital; and was previously a Managing Director and Head of Portfolio Management at LGT Bank in Hong Kong. He also held senior investment positions at Bank Julius Baer in Zurich and Hong Kong. Mr. Hugger was the founding shareholder of one of the largest brokerage companies in Bangladesh. He is also a Certified Financial Investment Analyst (CFIA) and Investment Adviser (Switzerland) and a Certified European Federation of Financial Analysts Societies (EFFAS) Financial Analyst.

 
Ahmed Tabaqchali,CIO of Iraq Investments

Ahmed Tabaqchali, CIO of Iraq Investments
is an experienced Capital Markets professional with over 22 years experiences in US and MENA markets.  Currently a board member of the Credit Bank of Iraq. He is a former Executive Director of NBK Capital, the investment banking arm of the National Bank of Kuwait as head of Brokerage. Prior to these roles Ahmed was Managing Director and Head of International Institutional Sales at WR Hambrecht + Co. based in London, New York and San Francisco. This followed on from roles as a Managing Director at KeyBanc in London  and before that Director & Head of Capital Markets & Institutional Sales at Jefferies Int’l in London. He started his career at Dean Witter Int’l in London. Ahmed has an M. Sc. in Mathematics from Oxford University in the UK, a B.Sc. (Hons, 1st class) in Mathematics from Victoria University in New Zealand and a B.Sc. in Mathematics from Canterbury University in New Zealand. Ahmed is an Iraqi & a British national.

 
Ruchir Desai, Senior Investment Analyst

Ruchir Desai, CFA, Fund Manager
is the co-fund manager of the AFC Asia Frontier Fund and has been with Asia Frontier Capital since July 2013. As part of managing the fund, he covers markets such as Bangladesh, Kazakhstan, Myanmar, Pakistan, Sri Lanka and Vietnam. Prior to this role, he was based in Mumbai, India and spent two years at HandsOn Ventures LLC which is a private equity firm making investments in business services companies. He holds an MBA in Finance from CUHK Business School, The Chinese University of Hong Kong during which time he spent a semester on exchange at The Fuqua School of Business, Duke University. He is also a CFA® charterholder since September 2015.

 

Scott Osheroff

Scott Osheroff, CIO AFC Uzbekistan Fund
holds a Bachelor’s Degree in Business Administration with a Concentration in Finance from Northeastern University. Prior to joining Asia Frontier Capital, Scott worked with a New Zealand based private equity outfit where he sourced private equity deal flow in Asian frontier markets and co-founded a publishing company focused on providing financial news coverage in frontier markets. He has spent the last eight years living in Asian Frontier markets and currently resides between Yangon, Myanmar and Tashkent, Uzbekistan.

 
 
Peter de Vries, Marketing Director

Peter de Vries, Marketing Director
has over 25 years experience in finance of which 20 in Hong Kong. He is a former Director and Senior Relationship Manager at Leopard Capital. Prior to that he was an Executive Vice President at Upbest Financial Services where he was involved with fund raising and deal structuring for real estate investment and development projects in Macau. Previously he worked as Executive Vice President at ViewTrade Securities in Hong Kong as head of the business development for the Asia Pacific region. Mr. De Vries has also held the position of Assistant Vice President at Merrill Lynch Asia Pacific. He holds an MBA in finance from Calstate Hayward, and a Masters of Science in Electrical Engineering from Twente University in the Netherlands. Mr. De Vries is fluent in Dutch, English and German.

 
Ms. Pansy Wong, Accounting & Administration Executive

Ms. Pansy Wong, Middle Office Manager
has over 25 years of prior work experience in middle office positions in the fund services industry. She was the vice president of transfer agency at Maples Fund Services (Asia). Prior to that she was an assistant vice president of transfer agency at HSBC Securities Services where she was involved with fund administration, shareholder registers and investor services. Previously she worked as the Head of Investment Operations at BEA Union Investment Management in the middle office. Ms. Wong holds an MBA Degree from University of Ballarat in Australia and a Financial Risk Management diploma from Hong Kong University of Science and Technology in Hong Kong. She is a Certified Financial Planner in Hong Kong.

 
Mohamed Ahamed

Mohamed A. Ahamed, Advisor to AFC Uzbekistan Fund
has over 15 years of investment experience having worked in portfolio management, wealth management and in listed and private equity in South Asia, the UK, Switzerland, Cambodia and the UAE. Prior to joining AFC, Mohamed was the Group Head of Marketing and Investor Relations at Leopard Capital where he was responsible for raising more than US$ 15 million for the Leopard Cambodia Fund. Before Leopard Capital, Mohamed was an Associate Director, Private Banking at UBS, Switzerland. Mohamed is the advisor for AFC Uzbekistan Fund’s global marketing, fundraising and relationship management activities. He holds a BSc (Economics) from the University of Washington, Seattle and an MSc (Financial Economics) from Wharton, University of Pennsylvania. He is also a CFA charter holder.

  

Asia Frontier Capital (Vietnam) Limited

Andreas Vogelsanger, CEO

Andreas Vogelsanger, CEO
has over 25 years of wide-ranging experience with leading institutions in the finance industry. Prior to joining AFC Vietnam Fund Andreas was a Founding Partner and Chairman of a small corporate finance boutique in Bangkok and he worked for top-level investment banks, hedge funds and private banks in Zurich, Geneva, London, Hong Kong and Singapore.  He is passionate in finding the best value solutions for clients in tailoring an optimal investment proposition. Andreas was awarded an AMP diploma from Wharton Business School, University of Pennsylvania and he also holds CEFA (Certified European Financial Analyst and Portfolio Manager) and FRM (Financial Risk Manager) diplomas.

 
Vicente Nguyen, Fund Manager of AFC Vietnam Fund

Vicente Nguyen, Fund Manager of AFC Vietnam Fund
has over 10 years of experience in finance. Prior to joining Asia Frontier Capital (Vietnam) Ltd., Vicente was the CEO of HVS Securities, a brokerage company in HCMC. He also spent several years at the HCMC office of Mirae Asset Group, a global investment management firm, as an Investment Manager. Vicente holds an MBA from Ecole de Management Strasbourg in France and a Bachelor diploma in audit and accounting from Ho Chi Minh City University of Economy, Vietnam.

 
Thomas Hugger, COO,

Thomas Hugger, Director 
has spent 27 years in private banking where he specialized in managing portfolios of listed and unlisted equities. He has been investing in Asian and African Frontier Markets since 1993. He is the former Managing Partner, CFO & COO of Leopard Capital; and was previously a Managing Director and Head of Portfolio Management at LGT Bank in Hong Kong. He also held senior investment positions at Bank Julius Baer in Zurich and Hong Kong. Mr. Hugger was the founding shareholder of one of the largest brokerage companies in Bangladesh. He is also a Certified Financial Investment Analyst (CFIA) and Investment Adviser (Switzerland) and a Certified European Federation of Financial Analysts Societies (EFFAS) Financial Analyst.

 

Asia Frontier Capital (Iraq) Limited

Thomas Hugger, CEO and Fund Manager

Thomas Hugger, CEO and Fund Manager
has spent 27 years in private banking where he specialized in managing portfolios of listed and unlisted equities. He has been investing in Asian and African Frontier Markets since 1993. He is the former Managing Partner, CFO & COO of Leopard Capital; and was previously a Managing Director and Head of Portfolio Management at LGT Bank in Hong Kong. He also held senior investment positions at Bank Julius Baer in Zurich and Hong Kong. Mr. Hugger was the founding shareholder of one of the largest brokerage companies in Bangladesh. He is also a Certified Financial Investment Analyst (CFIA) and Investment Adviser (Switzerland) and a Certified European Federation of Financial Analysts Societies (EFFAS) Financial Analyst.

 
Ahmed Tabaqchali,CIO of Iraq Investments

Ahmed Tabaqchali, CIO of Iraq Investments
is an experienced capital markets professional with over 22 years of experience in Middle East North Africa (MENA) markets as well as the US. He is currently a board member of the Credit Bank of Iraq and former Executive Director of NBK Capital, the investment banking arm of the National Bank of Kuwait where he was head of Brokerage. Prior to these roles Ahmed was Managing Director and Head of International Institutional Sales at WR Hambrecht + Co. based in London, New York and San Francisco. This followed on from roles as a Managing Director at KeyBanc Capital Markets in London and before that Director & Head of Capital Markets & Institutional Sales at Jefferies Int'l in London. He started his career at Dean Witter Int'l in London. Ahmed is an Iraqi as well as British national and holds a Master of Science in Mathematics from Oxford University in England, a Bachelor of Science (Hons, 1st class) in Mathematics from Victoria University in New Zealand and a Bachelor of Science in Mathematics from Canterbury University in New Zealand.