Listed investment manager Asia Frontier Capital has brought in two new team members for its Hong Kong office following it backing the MBO of private equity firm Leopard Capital by its fund manager Thomas Hugger.
Ruchir Desai has been hired as senior investment analyst while Stephen Friel has been named marketing director.
Desai, who was a summer associate with the Leopard Asia Frontier Fund in 2012, was previously based in Mumbai where he spent two years as a Senior Analyst at mid-market private equity group HandsOn Ventures.
Friel previously worked as a statistical officer at the Australian Bureau of Statistics before supporting the launch of a Hong Kong based hedge fund.
Hugger, CEO and Fund Manager of AFC Asia Frontier Fund, said, “With the addition of our new team members the future of Asia Frontier Capital is very bright.
“As CEO and Fund Manager I can now better focus my energy on managing the AFC Asia Frontier Fund and continue generating strong returns for our investors.
“The specialization of roles in our Hong Kong office will also add value to the overall performance of the team and create a stronger base for Asia Frontier Capital to continue to grow.
“Research provided by Senior Investment Analyst Ruchir Desai has already begun to bear fruit with increasing stock coverage and the creation of enhanced screening tools to identify growth and value opportunities in our frontier universe.
“The fund’s exposure and ability to communicate with investors has also seen a marked increase under the direction of our new Marketing Director, Stephen Friel.
“Asia Frontier Capital is now poised for the next stage of growth and has the resources to accommodate individual investors as well as large seeding from institutional investors.”
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