Rupert Carington

Rupert Carington

Non-executive Chairman (Independent)

Mr. Carington has run his own financial advisory business since leaving Morgan Grenfell & Co. Ltd., the merchant bank, after a 17 year career, including a period as Chief Executive of the Hong Kong office with responsibility for China. He is currently Chairman of Schroder AsiaPacific Fund Plc. He also sits on a number of boards and advisory boards of companies throughout Asia, Europe, North America, and the Middle East including those of SETE Technical Services, Alger Associates Inc., and Abdul Latif Jameel Co. Ltd. He is International Adviser to LGT Group Foundation. Mr. Carington's past directorships have included acting as Chairman of the Korea Asia Fund, Chairman of the Schroder Emerging Countries Fund, a Director of the Fleming Natural Resources Investment Trust and the JP Morgan Fleming Smaller Companies Investment Trust plc.

Robert Binyon

Robert Binyon

Non-executive Director (Independent)

Early in Mr. Binyon’s career, he joined Morgan Grenfell & Company Ltd, a London based merchant bank, in 1972 and held a variety of positions including lending and project finance, international bond and the capital markets divisions. Following this, he had two periods based in Geneva to run the Morgan Grenfell Bank in Switzerland and in 1985, he was appointed to the main Board.

In 1986, he moved to Tokyo to be in charge of Morgan Grenfell’s operations in Japan.  He was made a member of the Group Management Committee in January 1988 and assumed responsibility for the Group’s operations in the Asia Pacific Region. He left Morgan Grenfell in 1991 and spent three years as Chief Executive and Managing Director of Tokai Bank Europe in London.

In 1994, he joined the Commonwealth Development Corporation (CDC) to run the Financial Markets Department which was responsible for the management of CDC’s country and regional (SME focused) funds and its investments in banks and financial intermediaries.

Following his resignation from CDC in March 2003, he has held a number of non-executive Chairman and Directorship roles for Aureos, the SME private equity investment management company, for funds in Central and South Asia, South East Asia, China and Brunei.  He is currently residing in Bangkok, Thailand and sits as the Chairman of GCP Australia and of Khronos Advisers in Thailand, Director of Schroder Asia Pacific Fund plc, Member of the Asia Advisory Council of GIMV and Treasurer of the Royal Society of Literature in London.

Paul Garnett

Paul Garnett

Non-executive Director

Mr. Garnett began his career in 1992 and has over 20 years’ experience in closed-ended funds. In 2010 he helped found London-based Ironsides Partners UK LLP, an affiliate of Ironsides Partners LLC (“Ironsides”), where he is currently a portfolio manager.

Funds managed by Ironsides have an aggregate economic interest in approximately 24.0 percent of the Company’s issued share capital. By virtue of his relationship with Ironsides Mr. Garnett is not regarded as an independent director.