Experience

Asia Frontier Investments Limited

• Hong Kong
• Investment Management
• 1 - 100 Employee

• CEO

  • Sep 2011 - Present

  Hong Kong Asia Frontier Investments Ltd. is the investment adviser to Asia Frontier Capital Ltd. which manages the "AFC Asia Frontier Fund". AFC Asia Frontier Fund invests in listed securities from the following countries: Bangladesh, Bhutan, Cambodia, Iraq, Kazakhstan, Kyrgyzstan, Laos, Maldives, Mongolia, Myanmar (Burma), Pakistan, Papua New Guinea, Sri Lanka, Uzbekistan, Vietnam



Asia Frontier Capital (Iraq) Limited

• CEO

  • Feb 2015 - Present

  Cayman Islands Asia Frontier Capital (Iraq) Limited is the Investment Manager of the newly launched AFC Iraq Fund.



Asia Frontier Capital Ltd.

• Hong Kong
• Investment Management
• 1 - 100 Employee

• Director

  • Nov 2013 - Present

  Cayman Islands Asia Frontier Capital (Vietnam) Ltd. is the investment manager of AFC Vietnam Fund. The AFC Vietnam Fund was launched on the 11th of December 2013 and is directed under the executive leadership of Thomas Hugger, Andreas Karall and Andreas Vogelsanger who have more than 75 years combined experience managing investments in frontier markets, Asia and around the world. The fund invests exclusively in Vietnamese equities to capture value in growth companies; especially in the small to medium size… Show more Asia Frontier Capital (Vietnam) Ltd. is the investment manager of AFC Vietnam Fund. The AFC Vietnam Fund was launched on the 11th of December 2013 and is directed under the executive leadership of Thomas Hugger, Andreas Karall and Andreas Vogelsanger who have more than 75 years combined experience managing investments in frontier markets, Asia and around the world. The fund invests exclusively in Vietnamese equities to capture value in growth companies; especially in the small to medium size company segment. The fund's Chief Investment Officer, Andreas Karall, has identified more than 100 listed Vietnamese stocks that have a P/E ratio between 6x and 7x and are trading around book value. Many of these companies have a dividend yield of more than 9% and some have a net cash position that is almost as high as their market cap.

• CEO & Founder

  • Jun 2013 - Present

  Cayman Islands Asia Frontier Capital Ltd. is the fund manager of "AFC Asia Frontier Fund" which invests in listed equities from Bangladesh, Bhutan, Cambodia, Iraq, Kazakhstan, Kyrgyzstan, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan, Papua New Guinea, Sri Lanka, Uzbekistan and Vietnam. Asia Frontier Capital Ltd. is also the fund manager of the "AFC Uzbekistan Fund" which invests in listed equities in Uzbekistan.

• CEO

  • Oct 2011 - Present

  Hong Kong Asia Frontier Capital Ltd. is the fund manager of "AFC Asia Frontier Fund" which invests in listed equities from Bangladesh, Bhutan, Cambodia, Iraq, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan, Papua New Guinea, Sri Lanka and Vietnam



AFC Asia Frontier Fund (previously Leopard Asia Frontier Fund)

• Fund Manager

  • Mar 2012 - Present

  Hong Kong AFC Asia Frontier Fund invests in listed equities of Asian Frontier Markets which are already in the MSCI Frontier Index (Bangladesh, Pakistan, Sri Lanka, Vietnam) or will be in the future: Bhutan, Burma (Myanmar), Cambodia, Iraq, Laos, Maldives, Mongolia, Nepal and Papua New Guinea.



BRAC EPL Investments Limited

• Bangladesh
• Capital Markets
• 1 - 100 Employee

• Founding Shareholder

  • Jul 2000 - Nov 2017

  Bangladesh Founding shareholder of Equity Partners Limited (EPL), Dhaka, Bangladesh, the leading stock broker and merchant bank in Bangladesh.



Leopard Capital

• Investment Management
• 1 - 100 Employee

• Managing Partner

  • Sep 2011 - May 2013

  Cayman Islands Frontier market fund management firm with presences in Phnom Penh, Vientiane, Dhaka, Port-au-Prince, Hong Kong, and Bangkok. Raised Cambodia's first investment fund during the depths of the global financial crisis. Leopard Cambodia Fund has since made ten investments in Cambodia, Laos and Thailand, and achieved two exits. Sectors invested include mobile telecoms, banking, micro-finance, beverage production, seafood processing, hydropower, electricity distribution, housing, and… Show more Frontier market fund management firm with presences in Phnom Penh, Vientiane, Dhaka, Port-au-Prince, Hong Kong, and Bangkok. Raised Cambodia's first investment fund during the depths of the global financial crisis. Leopard Cambodia Fund has since made ten investments in Cambodia, Laos and Thailand, and achieved two exits. Sectors invested include mobile telecoms, banking, micro-finance, beverage production, seafood processing, hydropower, electricity distribution, housing, and professional services

• Chairman Leopard Cambodia Investments (BVI) Ltd.

  • Mar 2008 - May 2013

  Virgin Islands (British) Leopard Cambodia Investments (BVI) Ltd. is a feeder fund who invests in Leopard Cambodia Fund, L.P. - the first private equity fund investing in companies operating in Cambodia and real estate located in Cambodia.

• Managing Director, Chief Operating Officer and Chief Financial Officer

  • Jan 2008 - May 2010

  Cambodia Leopard Capital Cambodia Ltd. is the local part of Leopard Capital in Cambodia. The company raises and manages Private Equity Funds investing in unlisted companies, projects and real estate in the Kingdom of Cambodia. Leopard Capital Cambodia Ltd. successfully raised US$ 34.2 million for a Private Equity Fund ("Leopard Cambodia Fund LP" and "Leopard Cambodia Investments (BVI) Ltd.") investing in the promising Cambodian economy.

• Managing Partner

  • Dec 2007 - May 2010

  Cayman Islands Managing Partner and COO & CFO Leopard Capital successfully raised US$ 34.2 million for a Private Equity Fund ("Leopard Cambodia Fund LP" and "Leopard Cambodia Investments (BVI) Ltd.") investing in the promising Cambodian economy.



Kingdom Breweries (Cambodia) Ltd.

• Cambodia
• Food and Beverage Services
• 1 - 100 Employee

• Director at Kingdom Breweries Pte. Ltd., Singapore

  • Aug 2009 - Mar 2013

  Singapore Producer of Cambodia's only premium beers: Kouprey Dark Lager and Clouded Leopard Pilsener - winner of Cambodia's first-ever gold medal in Belgium's Monde quality competition. Kingdom's spectacular brewery overlooks the Phnom Penh riverfront and is open for tours and tastings in the Tap Room. www.kingdombreweries.com



LGT Capital Partners

• Switzerland
• Investment Management
• 400 - 500 Employee

• Head of Portfolio Management

  • Jun 2010 - Sep 2011

  Hong Kong Head of portfolio management for LGT Asia's Private Clients. Investing in bonds, global equities, Asian and Emerging equities, commodities, hedge funds of funds and structured products. Co-responsible for investment strategy at LGT Asia. Adivising clients and replationship managers about investment ideas, new trends, portfolio analyzing, portfolio restructuring and tailor made investment proposals. Sourcing of investment products like funds, ETF and especially structured products.



Asia Frontier Investments Limited

• Hong Kong
• Investment Management
• 1 - 100 Employee

• Executive Director, Leopard Capital (Hong Kong) Ltd.

  • Jan 2008 - May 2010

  Hong Kong Leopard Capital (Hong Kong) Ltd. Hong Kong is part of Leopard Capital LP a private equity fund management group that focuses on Asian frontier economies including Cambodia, Vietnam, Bangladesh, Sri Lanka and India.



LGT Private Banking

• Liechtenstein
• Banking
• 700 & Above Employee

• Head of Investments

  • Nov 2004 - Dec 2007

  Hong Kong Main responsibility is portfolio management for LGT Asia's Private Clients. Investing in bonds, global equities, Asian and Emerging equities, commodities, hedge funds of funds and structured products. Co-responsible for investment strategy at LGT Asia. Adivising clients and replationship managers about investment ideas, new trends, portfolio analyzing, portfolio restructuring and tailor made investment proposals. Sourcing of investment products like funds, ETF and especially sructured products.

• Head of Portfolio Management, Member of Senior Management / Mitglied der Direktion

  • May 2001 - Oct 2004

  Zurich Portfolio Management for Private Clients and Institutional Clients: bonds, global equities, hedge fund of funds and structured products. Responsible for asset allocation at LGT Zurich.



Julius Baer

• Switzerland
• Banking
• 700 & Above Employee

• Head of Asian Desk / First Vice President

  • Jul 1986 - Nov 2000

  Zürich Area, Switzerland I started as market maker for Japanese Convertibles, then became a market maker for Japanese Warrants and after the collapse of the Japanese equity market started the Asian Desk at Julius Baer which became highly recognized in the industry until my departure. I was setting up the infrastructure and then trading / investing in many emerging countries like: Bahrain, Bangladesh, Botswana, China, Egypt, Ghana, Hong Kong, India, Indonesia, Israel, Jordan, Kenya, Malawi, Malaysia, Mauritius… Show more I started as market maker for Japanese Convertibles, then became a market maker for Japanese Warrants and after the collapse of the Japanese equity market started the Asian Desk at Julius Baer which became highly recognized in the industry until my departure. I was setting up the infrastructure and then trading / investing in many emerging countries like: Bahrain, Bangladesh, Botswana, China, Egypt, Ghana, Hong Kong, India, Indonesia, Israel, Jordan, Kenya, Malawi, Malaysia, Mauritius, Morocco, Namibia, New Zealand, Nigeria, Pakistan, Philippines, Qatar, South Africa, South Korea, Singapore, Sri Lanka, Taiwan, Thailand, Tunisia, Turkey, Vietnam, Zimbabwe. Show less



Julius Baer Investment Advisory, Hong Kong

• Senior Vice President

  • May 1995 - Apr 1997

  Hong Kong I was responsible for the trading activity of Julius Baer Zurich and London office during Asia morning trading hours. Another duty was arranging corporate finanace activities for the Julius Baer Group in Asia.



Bank Sogenal - Societe Generale, Zurich, Switzerland

• Trader

  • Aug 1985 - Jun 1986

  Zürich Area, Switzerland Dealing and executing all kind of securities (bonds, equities, warrants, futures, options) and products worldwide with the exception of products listed at the Swiss stock exchanges.



Zürcher Kantonalbank

• Switzerland
• Banking
• 700 & Above Employee

• Trader

  • Jun 1981 - Jul 1985

  Zürich Area, Switzerland



Zürcher Kantonalbank - ZKB, Egg, Switzerland

• Apprenticeship

  • Jun 1978 - May 1981

  Zürich Area, Switzerland