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.

Dr. Marc Faber
is CEO, investment advisor and fund manager of Marc Faber Limited. He is the publisher of a widely read monthly investment newsletter the Gloom, Boom and Doom report which highlights global investment opportunities.  Dr. Faber is respected around the world for his market forecasts over the past three decades.

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.

Henry Looser, Independent Director
retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer after serving the bank for 33 years. Prior to joining Bank Julius Baer, Mr. Looser received training in London and Paris at international investment banks. He was also the Head of Julius Baer’s Investment Research and later its Capital Market Group and managed three Julius Baer investment funds. He was also President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisory (Hong Kong) Ltd., and President of the Swiss Association of Financial Analysis, among several other functions in international banking and investment management.

Andreas Vogelsanger, Director
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.

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.

Peter de Vries, Director
has over 25 years experience in finance of which 20 was spent 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.

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.

Roland Jossi, CFA, Deputy CEO
has more than 40 years of experience in the private banking, fund management and insurance industry. He has spent most of his professional life outside his native Switzerland. Roland held senior management positions at leading Swiss banks in Japan, Hong Kong, and in Singapore. Before joining the Asia Frontier Capital group, he spent many years at a global insurance company based in Hong Kong. Roland has been a CFA® charterholder since September 2001.

Ari-Pekka Hildén, Independent Director
is a founding Partner of Northern Star and has experience in emerging markets investments since 1989 and a decade of experience of direct investment into frontier markets. He has successfully managed global equity teams with demonstrable benchmark beating track record in multibillion investment organizations. Ari-Pekka was Head of Equities at Finland’s largest pension fund Varma (€33.2bn) in 2002-2009. In his role at Varma, Ari-Pekka also had several seeding roles for emerging market funds, which today represent leading buy side knowledge for their markets. Prior to that, he was Head of Investments at SEB Private Bank in Luxembourg and in charge of equity investments at Finnish pension fund Keva (€28.8bn). He has been also member of the boards and investment committees for several emerging market and frontier markets equity funds. Ari-Pekka holds an MSc in Economics from Tampere University and is a Certified European Financial Analyst (CEFA) charter holder.

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.

Henry Looser, Independent Director
retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer after serving the bank for 33 years. Prior to joining Bank Julius Baer, Mr. Looser received training in London and Paris at international investment banks. He was also the Head of Julius Baer’s Investment Research and later its Capital Market Group and managed three Julius Baer investment funds. He was also President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisory (Hong Kong) Ltd., and President of the Swiss Association of Financial Analysis, among several other functions in international banking and investment management.

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
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.

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.

Jesse Friedlander, Director
is co-founder and Chief Investment Officer of Des Voeux Partners, a Hong Kong based multi-family office. Mr. Friedlander previously worked in equity and credit research as well as capital markets for JPMorgan, Merrill Lynch and Susquehanna International Group. He graduated cum laude and with honors in East Asian Studies from Yale College and holds an MBA from Wharton and a MA in International Relations and Economics from Johns Hopkins School of Advanced International Studies. He is also a Chartered Financial Analyst, contributor to the South China Morning Post and host of the ReOrient! Podcast.

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.

Roland Jossi, CFA, Deputy CEO
has more than 40 years of experience in the private banking, fund management and insurance industry. He has spent most of his professional life outside his native Switzerland. Roland held senior management positions at leading Swiss banks in Japan, Hong Kong, and in Singapore. Before joining the Asia Frontier Capital group, he spent many years at a global insurance company based in Hong Kong. Roland has been a CFA® charterholder since September 2001.

Ahmed Tabaqchali, Chief Strategist AFC Iraq Fund
is an experienced Capital Markets professional with over 25 years experiences in US and MENA markets.  A Senior Fellow at the Institute of Regional & International Studies, an Adjunct Assistant Professor at the American University of Iraq-Sulaimani, and a Senior non-resident Fellow at the Atlantic Council. 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 that a 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 charged with international sales, 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, 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, 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
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, 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.

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, Chief Investment Officer 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, 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.

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, Chief Strategist AFC Iraq Fund
is an experienced Capital Markets professional with over 25 years experiences in US and MENA markets.  A Senior Fellow at the Institute of Regional & International Studies, an Adjunct Assistant Professor at the American University of Iraq-Sulaimani, and a Senior non-resident Fellow at the Atlantic Council. 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 that a 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 charged with international sales, 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.