About the Contributors
Noël is professor of finance and director of EDHEC-Risk Institute. He has a master’s in economics and a PhD in finance and has conducted active research in the fields of quantitative equity management, portfolio performance analysis, and active asset allocation, resulting in numerous academic and practitioner articles and books.
He is a member of the editorial board of the Journal of Portfolio Management, associate editor of the Journal of Alternative Investments, and a member of the scientific advisory council of the AMF (French financial regulatory authority).
Contact: noel.amenc@edhec.edu
Charles Brewer is the CEO of NaMax DI, a UK/Gulf–based organization specializing in the use of software to promote insight and understanding in large sets of data. After university, he worked for Andersen Consulting, Price Waterhouse, Citibank, and Merrill Lynch, specializing in the development of trading systems and related strategic and operational matters.
Charles has an MBA from Liverpool University (2005), an MLitt from the University of Edinburgh (1977), and a BA(Hons) from Newcastle University (1975). He has worked as an advisor to the UK and Swedish governments and the European Commission on matters relating to the IT impact of the euro and has lived and worked in many parts of the world including the UK, USA, Poland, Switzerland, South Korea, and the UAE.
Contact: charles.brewer@namaxdi.co.uk
Andreas has been based in Bahrain since 2008 and has worked in various contexts within the Gulf region, at present as a senior consultant with Roland Berger Strategy Consultants. His professional interests are in the energy sector as well as in financial services.
Andreas holds a diploma in business administration and economics from the University of Hohenheim in Germany (2002) and an MBA from the International University of Monaco (2006).
Contact: andreasbuelow@gmail.com
Martin has been advising on legal issues in the Mekong Region since 1999 when he worked on major energy projects in Hanoi, including the first BOT power plant project in Vietnam. He has vast experience advising on a variety of energy, infrastructure, project finance, secured lending, and corporate transactions across the region, with a focus on Vietnam, Laos, and Cambodia.
Martin’s practice currently focuses on regional energy and infrastructure projects, financing transactions, investment funds, and other corporate work. He has advised on a variety of infrastructure projects throughout the Mekong Region, notably port construction, railway development, toll bridges, water processing facilities, telecommunications networks, and power plants, including renewable and hydropower.
Martin is managing partner and head of the Banking & Finance Practice Group at DFDL.
Contact: Martin.Desautels@dfdl.com
Mr. Dimitrijević has 31 years of experience in international investment management and research. He started investing in global equities while in college, a passion that has continued to this day. Mr. Dimitrijević worked for a private Swiss bank before coming to the United States. Prior to establishing Everest Capital in 1990, he was an analyst on Wall Street and managed large securities portfolios for a Fortune 500 company. A strong believer in conducting on-the-ground due diligence, he has traveled to more than 100 countries. Mr. Dimitrijević holds an MBA from the Stanford Graduate School of Business, where he graduated as an Arjay Miller Scholar. He is a graduate of the University of Lausanne, Switzerland and a CFA charter-holder. Mr. Dimitrijević is a former member of the Stanford Graduate School of Business Advisory Council, serves on the American Advisory Board of the Pasteur Foundation, and serves on the Board of Trustees of the Miami Science Museum. He is fluent in French, Spanish, Portuguese, Serbian/Croatian, and is conversational in Italian.
Bernard is the founder of CFA Investments in Singapore, focused on new businesses in the Asia-Pacific region. Bernard started as geophysicist/prospector in the Sahara and Mauritanian desert and worked for a mine in Iran. He reviewed hydroelectric and timber opportunities in Java and Sumatra.
In the mid-1960s, he moved to Indonesia where he acquired and developed a 360,000-hectare timber concession with logging, a sawmill, and a plywood factory. Since then, he was instrumental in starting and developing a number of successful businesses in a variety of industries: tuna fishing and canning in Indonesia; a leading mineral water brand in Vietnam and Australia; a hygiene product factory in Burma and a mineral water plant in Cambodia.
In 1977, Bernard was made a knight of the French Legion of Honor.
Contact: bforey@cfa.com.sg
Felix is head of applied research at EDHEC-Risk Institute. He carries out research in empirical finance and asset allocation, with a focus on alternative investments and indexing strategies. His work has appeared in various international academic and practitioner journals and handbooks.
He obtained a PhD in finance from the University of Nice Sophia-Antipolis after studying economics and business administration at the University of Bayreuth and EDHEC Business School.
Contact: Felix.Goltz@edhec.edu
Thomas Hugger is CFO and managing partner at Leopard Capital LP, which is the first private equity fund in Cambodia. He is also the fund manager of Leopard Asia Frontier Fund and invests in Bangladesh, Bhutan, Cambodia, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan, Papua New Guinea, Sri Lanka, and Vietnam. Before joining Leopard Capital, Thomas was the head of portfolio management at LGT Bank in Liechtenstein in Zurich and Hong Kong where he invested in all asset classes.
From 1986 to 2000 he worked for Bank Julius Baer in Zurich and Hong Kong where his last position was head of the Asian equity trading desk. In this capacity he gained extensive expertise to emerging and frontier markets in Asia, Middle East, and Africa when managing the bank’s proprietary portfolio. Thomas is a CFIA—(Federal) Certified Financial Analyst and Investment Advisor—in Switzerland, and a certified EFFAS (European Federation of Financial Analysts Societies) financial analyst.
Contact: th@leopardcapital.com
Scott is managing partner and chief investment officer of Leopard Capital’s Cambodia Fund and is based in Phnom Penh. He joined Leopard Capital in 2008 and has 19 years’ experience in investment banking and private equity.
Prior to Leopard Capital he was a director of Merrill Lynch’s Global Energy & Power investment banking group in London, Houston, and Calgary. Earlier he was a member of the investment teams of First Reserve Corp., an energy-focused private equity group, and Sterling Group, a private equity firm investing in the US petrochemical, agribusiness, and manufacturing sectors.
Scott received an MPA and a BBA (Accounting) with high honors from the University of Texas at Austin.
Contact: sl@leopardcapital.com
Emanuel earned a doctorate of law from the University of Vienna. From 1977 to 1996, he worked for Creditanstalt and Deutsche Bank in Brussels, Hamburg, Sydney, Manila, and Hong Kong followed by New York and London. He served as Credianstalt’s head of international credit risk control, managing director of the asset-based lending subsidiary, head of the restructuring and distressed corporate asset unit, and assistant general manager and head of corporate and trade finance.
In 1996, Emanuel joined the European Investment Bank (EIB), Luxemburg, as the first director nominated from the three then-new EU member states. As director for lending operations, he covered Germany and Austria from 1996 to 2000, the accession countries of Eastern Europe from 2000 to 2003, and six member states of Central Europe from 2004 to 2005. From 2006 to 2012 he was appointed the first director of the EIB Office in Vienna covering Austria, the Czech Republic, Hungary, Slovakia, and Slovenia.
In April 2012 Dr. Maravic joined KBR Corporate Finance, Frankfurt, which specializes in corporate advice to enterprises and sovereigns, structured export transactions, and the resolution of distressed corporate and sovereign assets.
Contact: emaravic@kbr-finance.com
Guillaume has been working in Cambodia as a consultant and a legal adviser since 2005. His practice covers property, corporate and commercial, criminal law and procedures, and technical assistance consultancies. Guillaume is currently team leader on a number of recent and ongoing major real estate–related and agriculture projects in Cambodia.
He has notably played an important role on landmark deals advising international investment groups on land use rights and construction permits, assisting banks and private equity funds for the structuring of property projects, supervising the acquisition and structuring of hotel and resort projects, including for the lease of state land to investors and in respect of land development projects for factories in Special Economic Zones.
Guillaume also advises numerous international and local investors in the retail, agriculture, and construction sectors. Guillaume is managing director of DFDL Cambodia and head of the Real Estate Practice Group.
Contact: Guillaume.Massin@dfdl.com
Mohammed is a corporate and commercial lawyer with broad experience in a wide range of areas and sectors, including advising on company formations, acquisitions and disposals and general commercial contracts and matters.
Mohammed graduated with First Class Honors from the University of Manchester with a BA Accounting & Law degree and with Distinctive Honors at BPP Law School.
Mohammed qualified as a lawyer in the United Kingdom with a leading national commercial law firm and has since worked in private practice as a corporate and commercial lawyer in the Sultanate of Oman and as in-house counsel for a prominent corporate in Dubai, United Arab Emirates.
Contact: mmoussallati@live.co.uk
Masayoshi is an analyst at EDHEC-Risk Indices and Benchmarks. He attended college at the University of California, Berkeley, where he graduated with high honors and was a Regents’ and Chancellor’s scholar.
He also holds an MPhil in management from the University of Cambridge, Judge Business School, and is a member of Girton College. His research interests are in the area of equity and fixed income indexing innovation.
Padmanaban contributed to this report during his tenure as a research assistant at EDHEC Risk Institute–Asia in Singapore. He has a master’s of financial engineering from the Anderson School of Management at University of California, Los Angeles, and a bachelor’s of technology, computer science, and engineering, from the International Institute of Information Technology, Hyderabad.
Michael is founder and chief investment officer of Mongolia Asset Management. He has 17 years’ experience in global financial markets having worked in New York, London, Paris, Hong Kong, Dubai, and Singapore in various investment and research functions. Michael held senior positions with HSBC Private Bank as well as Standard Chartered Bank.
Michael is a graduate of the European Business School with a major in finance and international economics, having studied at the school’s centers in London, Paris, and Bologna, Italy in their respective languages. In addition he undertook studies in Japan, Korea, and China. He has published extensively on investment and securities, appeared as commentator on major networks and teaches securities-related matters at private academies.
Mr. Preiss was born in Germany and raised in Switzerland. He currently resides in Singapore.
Contact: mpreiss@mongoliaassetmanagement.com
Josuah is currently establishing a financial business in Central Eastern Europe. Until April 2012, he was an associate at Rising STAR AG where he worked within the operations and controlling department in fund and investment controlling. His areas of responsibility comprised cash and cost controlling as well as currency controlling for Rising STAR’s private equity funds. He began his career as part of the Investment Management Team in the role of a research analyst overseeing the hedge fund product line. During the last two years, he was also involved at the Thurgauer Wirtschaftsinstitut (TWI) as research assistant heading the implementation of a long-term project for regional economic research.
Josuah Rechtsteiner holds a diploma in economics (master of science in economics) from the University of Konstanz (Germany).
As investment banker, lawyer, diplomat, and CIA spy, Malcolm Riddell has participated in China’s rise to international economic and political power for over 30 years. A Mandarin speaker, who lived and worked for more than 15 years in China and Taiwan, he is president of RiddellTseng, a boutique investment bank he formed in 1988. The firm advises leading international financial services and real estate companies on business, investment, and joint ventures in China, and works with them to source, negotiate, and close deals there.
Malcolm is editor of CHINA Debate, a media and events platform he created in 2011 that currently hosts the CHINA Debate blog (www.chinadebate.com).
He is a lawyer, licensed to practice in his home state of Florida since 1976, board certified in international law, and vice chair of the International Law Certification Committee. Malcolm’s former government service includes United States delegate to the United Nations, Florida Undersecretary of State for International Affairs, and undercover CIA case officer in China operations.
Among his graduate degrees are an MBA from Harvard Business School (1986) and a master of international affairs at Columbia University (1985). Among his academic activities, he is an associate-in-research at the Harvard Fairbank Center for Chinese Studies, senior visiting fellow at Peking University Law School, and a former Asia fellow at the Harvard Kennedy School of Government. For his full academic profile, please go to: http://execed.gsd.harvard.edu/faculty/riddell-malcolm.
Malcolm is a member of the Council on Foreign Relations.
Contact: malcolm.riddell@riddell-tseng.com
Eric Rosenkranz is founder and chairman of e.three (Singapore), a strategic advisory helping organizations in Asia determine and execute their long-term plans. He specializes in helping start-ups from initial fundraising to exit.
Eric is currently director of Caelan Wright & Ass. (Singapore) call center, independent non-executive director of Focus Media (HK and Singapore) Network Limited (Listed on HKSE), and director of Kingdom Breweries, a microbrewery in Cambodia. He is a member of the Expert Advisory Network of Frontier Strategy Group (US), and serves as senior advisor to West Indochina Consulting (Thailand) focusing on Myanmar. He is Chairman of start-ups PeeplePass (social media travel website) and EspressoGrow (bio-friendly fertilizer).
Eric has an MBA from The University of Chicago (1975) and a BA in economics from The George Washington University (1973). He currently guest lectures at the Singapore campus of the University of Chicago Booth School of Business in marketing and venture financing. Previously, Eric worked for 21 years for Grey Global Group; in his last position he was President of Asia-Pacific.
Eric has appeared as a panelist and moderator at the World Economic Forum, and in The Asian Wall Street Journal. He is a regular host/commentator on CNBC Asia’s Squawk Box. Eric writes a monthly column on strategy for The Nation in Thailand since 2004.
Contact: er@ethree-asia.com
Ken joined Leopard Capital in 2007 and has over 21 years of operational and investment experience in Southeast Asia. After serving as research head and investment banker at CLSA Securities in Thailand, he spent ten years managing proprietary private equity investments in Thailand and Vietnam.
Ken’s specific operational experience includes project design, construction and management, product distribution, aquaculture production, and service businesses.
He holds an MIM from Thunderbird and a BA from Cornell University, and is a CFA charter holder.
Contact: ks@leopardcapital.com
Paul is a Colombian national with working experience in the building materials industry in Colombia, and other industries in the US. He currently works as an analyst for a private equity fund in Colombia.
Paul has a BA from the Universidad de los Andes and a masters in marketing and commercial development from the Universidad de Catalunya (Barcelona). He is fluent in German, English, and Spanish.
Contact: paulstewart673@hotmail.com
Lin is a senior research engineer at EDHEC Risk Institute–Asia in Singapore. She has contributed to industry surveys on ETFs, green investing, and private wealth management and to a publication on dynamic asset allocation with ETFs.
She has a master’s in risk and asset management from EDHEC Business School. Prior to joining EDHEC, Lin worked as a product engineer for one year after receiving her bachelor’s in engineering, with first-class honors, from Nanyang Technological University in Singapore.
Fungai is the Head of Africa ex-SA Investments at Momentum Asset Management a division of MMI Holdings South Africa. MMI Holdings Limited (MMI) is a South Africa–based financial services group listed on the Johannesburg Stock Exchange with a presence in over 14 African countries and involved in insurance, asset management, savings, investment, healthcare administration, and employee benefits.
Fungai runs portfolios that invest in listed equity across Africa as well as balanced portfolios for MMI’s life businesses across the continent. He has been investing in African markets for over ten years and has travelled the continent extensively. He graduated from the National University of Science and Technology in Zimbabwe with a bachelor of commerce degree with honors in finance in 2001 and is currently completing a master’s in development finance for Africa with the University of Stellenbosch in South Africa.
Contact: fungai.tarirah@momentum.co.za
Chris Tell is a self-made investor who spends his time investing in businesses and markets, to which he devotes an extraordinary amount of time performing due diligence. Raised in Southern Africa, having lived in seven different countries, and now residing in multiple Australasian countries Chris has a background and education in law, investment banking, and financial planning, Chris has been a successful entrepreneur, investor, and speculator for many years.
Chris studied commerce through UNISA, obtained a graduate diploma in financial markets at the Securities Institute of Australia, and a British SFA futures and options representative qualification. He worked for a number of Investment houses including Invesco, Lehman, Robert Fleming and Co., Chase Manhattan, and JP Morgan before becoming an independent investor managing his own capital. Chris is focused on private equity in frontier markets and holds the majority of his net worth in this space.
Chris developed his insights and expertise on developing and emerging markets from entrepreneurial activities on the ground, being an avid student of the world always attempting, but not always succeeding, in understanding how and why it functions the way it does.
Chris is the cofounder of www.capitalistexploits.at, and you can follow Chris’s and his friend and business partner Mark Wallace’s activities on the site.
Contact: chris@capitalistexploits.at
Robert read law at Cambridge University and then at the Inns of Court School of Law in London, England. He was called to the bar of England and Wales in 1996 and to the bars of Northern Ireland, the Dubai International Financial Centre Courts, and the bar of the State of New York as a foreign legal consultant in 2007. He works from Quadrant Chambers in London and frequently appears in courts and tribunals in the United States, UAE, and the Far East.
His particular areas of expertise include contract and partnership law, particularly in financial services, insolvency, insurance, shipping and aviation law, and he is acknowledged as a leading barrister in the global legal directories.
Robert is a fellow of the Chartered Institute of Arbitrators and has sat as sole or joint arbitrator in ICC, LCIA, and other arbitral institutions’ references as well as in domestic arbitrations. He has published articles in several international banking journals and has contributed to a number of legal text books and journals. Robert is a trustee and director of three charitable institutions concerned with music and musical education and performance.
Contact: Robert.Temmink@quadrantchambers.com
Walter Vieira is president of Marketing Advisory Services, India, which provides consultancy, research, and training services to corporations, governments, and the NGO sector. He founded the company in 1975, after a 14-year stint as a corporate manager in large multinationals. Walter is a fellow of the Institute of Management Consultants, India, and was given the lifetime achievement award for consulting in 2005, and lifetime achievement award for marketing in 2009.
He is the author of 11 books on marketing and management, and over 900 articles in the business and general press. He has lectured at well-known business schools like Kellogg, Cornell, and NYU in the United States and other institutions around the world. He was invited to address three consecutive World Congresses of Management Consultants in Yokohama, Rome, and Berlin.
Walter was the founder chairman of the Asia Pacific Conference of Management Consultants, and the chairman of the 42-nation apex body, the International Council of Management Consulting Institutes. He is now involved in contributing his expertise to worthwhile causes such as the Consumer Union, WWF for Nature, and others.
Contact: www.waltervieira.com
Tobias Weinert is an associate in the investment management team of Rising STAR AG, based in Switzerland. He is responsible for the corporate economic research. Besides the research, he monitors the external private equity management partners and is responsible for the investment reporting of Rising STAR’s closed-ended private equity and private equity real estate funds.
In June 2011 Tobias took over the public relations work for the company. Before starting at Rising STAR he worked as student trainee in the corporate finance and mergers and acquisitions boutique albatross invest, where he was part of the mergers and acquisitions team.
Tobias Weinert holds a diploma in economics (master’s of science in economics) and studied at the University of Konstanz (Germany) and Cardiff University (United Kingdom).
Contact: t.weinert@risingstar.ch