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Leopard Capital

Managing Partners

Douglas Clayton

Chief Executive Officer

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founded Leopard Capital in 2007 and oversees all the Group's activities. Douglas also serves as Advisor to H.E. Ming Bankosal, Director-General of the Securities & Exchange Commission of Cambodia, and as a director of the Center for Khmer Studies. He has 25 years' experience investing in Asia, and has lived in five Asian countries. Earlier positions include CIO of Knight Asia, CEO of Abacus Equity Partners, Regional CEO of CLSA Securities, and Country Manager at CLSA and Indosuez WI Carr Securities. Douglas holds a MM (Sasin GIBA) and BA (Cornell).

Scott Lewis

Chief Investment Officer

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has 15 years' experience in investment banking and private equity. He was a Director of Merrill Lynch's Global Energy & Power investment banking group in London, and earlier was a member of the investment teams of First Reserve Corp., a private equity firm focused on the global energy sector and Sterling Group, a private equity firm investing in the US petrochemical, agribusiness and basic manufacturing industries. Mr. Lewis has a BBA in accounting with High Honors and a MPA from the University of Texas at Austin.

Kenneth Stevens

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has 19 years of unlisted and listed equities investment and business management experience.  After serving as Head of Research and Investment Banking Executive at CLSA Securities in Thailand, he spent ten years developing his own group of business ventures in Thailand and Vietnam.  His operational experience includes project design, construction and management; product distribution; aquaculture production; and service businesses. Mr. Stevens holds a MIM (Thunderbird) and a BA (Cornell), and is a Chartered Financial Analyst.

Nirosh De Silva

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has 17 years' experience in Sri Lanka's capital markets. He began his career as an analyst at a local merchant bank, Vanik, and was recruited by Hatton National Bank to set up its corporate finance unit in 1997. In 2000 Mr. De Silva was hired as Fund Manager of Ayojana Fund, a NDB/CDC joint venture that was one of Sri Lanka's first private equity funds, where he worked under Mr. Ranjith Fernando (above). After CDC sold its shareholding in Ayojana to Aureos Capital, Mr. De Silva established Orion Capital Partners to provide change management and corporate restructuring advisory services to Sri Lankan companies, and completed numerous assignments that substantially increased shareholder value. In 2004 he co-founded Orion Fund Management with two partners, and assisted in building a fund management business in managing listed equities that substantially outperformed its benchmark stock indices each year since inception. Mr. De Silva holds a BA in Economics & Business Management from Franklin & Marshall College, and is a Chartered Financial ...

 

Consultant Partners

Thomas Hugger

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spent 26 years in private banking, where he specialized in managing portfolios of listed and unlisted equity investments.  His most recent position was Executive Director and Head of Investments at LGT Investment Management (Asia), Hong Kong.   Earlier he held investment positions at LGT Bank (Zurich) and Bank Julius Baer in Zurich and Hong Kong.   Mr. Hugger is a CFIA – (Federal) Certified Financial Analyst and Investment Adviser – Switzerland, and a Certified EFFAS (European Federation of Financial Analysts Societies) Financial Analyst.

Dr. Marc Faber

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is Executive Director of Marc Faber Limited, an investment advisor and fund manager for private clients. He is the author of the widely read newsletter Gloom, Boom and Doom Report, which highlights unusual investment opportunities around the world, and the book Tomorrow's Gold - Asia's Age of Discovery, a Best-Seller in 2002. Well-known for his contrarian investment approach, Dr. Faber is a popular speaker at investment conferences and in media panels, and serves as a director of a number of international investment funds.

Dr. Jim Walker

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is Founder and Managing Director of Asianomics Limited, an economic research and consultancy firm servicing the fund management industry. From 1991 to 2007, he was Cheif Economist and Director of CLSA Asia-Pacific Markets. He was voted best regional surveys of the Asiamoney Stockbrokers Poll for 11 consecutive years (1994-2004) and recieveed frequent #1 rankings in Greenwich survey of fund managers in Asia, Europe and USA. He holds a BA (Honors) and PhD in economics from University of Strathclyde, Glasgow.

Henry Looser

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retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer. He was also President of Julius Baer Swiss Capital Market Research Ltd., President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisors (Hong Kong) Ltd., and President of the Swiss Financial Analysts Association, among several other functions in international banking and investment management.

Dr. Gordian Gaeta

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is one of Asia’s leading banking consultants and risk control experts. He has developed strategies and business plans for many of Asia’s leading financial services businesses, capital markets organizations, and stock exchanges, and advised or served close to half of the top 100 banks worldwide. Previously an academic and banker in several countries, Dr. Gaeta started his consulting career with Booz Allen & Hamilton in London. He moved to Hong Kong in the early 1980s to become the strategy advisor to Standard Chartered Bank. In 1991 Dr. Gaeta became Managing Partner for Booz Allen & Hamilton for financial services across Asia. Since leaving Booz Allen in 1998, Dr. Gaeta has been an active private equity investor and a director or advisor to a range of entrepreneurial companies. He continues to advise financial services groups at the Board or CEO level, and also undertakes corporate restructurings. Dr Gaeta has published around 20 articles on banking and financial services and several books, notably “Frontiers in Credit Risk”. He is also a popular speaker on the international conference circuit, and a guest lecturer at several universities. Dr. Gaeta received PhD and LL.M degrees from the University of ...

Terry Mahony

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has over 40 years of professional experience in investment management and financial services. After 20 years in Institutional Sales at White Weld and Paine Webber in Geneva , Hong Kong and New York (1970-1990), Mr. Mahony joined Baring International Investment Management in Boston to serve as Director and Chief Investment Officer of Latin America, where he launched the highly successful Baring Puma Latin America Fund. In 1993 he joined HSBC Asset Management as Chief Investment Officer for Global Emerging Markets and Member of the Global Asset Allocation Committee, and launched HSBC’s first Global Emerging Markets fund. From 1996 to 1999 Mr. Mahony served as Trust Company of the West’s Managing Director for Emerging Markets Equities, Chief Investment Officer of Global Emerging Markets, and President of TCW Asia Ltd., overseeing up to $2.2 billion of assets under management. He spent 6 months pro-tem in Ho Chi Minh City as CIO for the London listed IndoChina Capital Fund. Mr. Mahony currently serves as Chairman of Platinum Advisory International Inc., and is on the board of several UK London listed Investment Trusts. Mr. Mahony holds a MBA (INSEAD) and a BA ...

Paul Supramaniam

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is one of Southeast Asia’s top M&A lawyers. He is Chairman and Managing Partner of Law Asia, a Pan-Asian international law firm headquartered with offices and associated offices in Singapore, Bangalore, Bangkok, Brunei, Chennai, Colombo, Jakarta, London, Mumbai, New Delhi and Phnom Penh. Until recently he was a Senior Partner in the international law firm, Berwin Leighton Paisner LLP, and its Asian Regional Head. Mr. Supramaniam has led numerous privatisations, cross border mergers and acquisitions, private equity investments and capital markets transactions in various emerging markets. He serves as a senior officer in the Singapore Armed Forces, and sits on the Singapore British Business Council and on the boards of various charities. Note: Mr. Supramaniam participates in Leopard Capital in a personal capacity.

Alex de Lesseps

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is a Director of BlueOrchard Finance, a Geneva-based lender to microfinance institutions, and President of two firms making private equity investments in emerging markets, Coral Capital and Pandaw Investment Holdings. Earlier in his career he founded two US film production companies, Intertel USA and Tanit Productions, and a French personal care manufacturer, Les Laboratoires de l'Atlantique, and was also an angel investor in California Pizza Kitchen. Mr. de Lesseps was awarded with the Fulbright Humanitarian Award in 2004.

Andrew Fraser

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graduated From St John's College, Oxford after which he held numerous posts in the financial sector both in the City of London and elsewhere. He was CEO of Baring Securities in the UK, Chairman of Equity Partners Ltd., a Bangladesh investment bank, and Chairman of Bridge Securities, a quoted Korean company, amongst other posts. At present he is a director of an Asian hedge fund and a global investor.

Patrick Davenport

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has 21 years of manufacturing, import/export, and investment experience as a private entrepreneur in India, China, and Thailand. He is also a Director of Knight Pacific Fund, Siam Knight Fund Management Securities, and two listed companies, Focus Development and Construction (Thailand) and Rubfila International (India). Mr. Davenport speaks German, Cantonese, Mandarin, Thai, Tamil and Hindi, and holds a BA from James Madison College, Michigan State University.

Paul Kaju

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has over 25 years of professional experience in the financial services industry. He founded Chelsea Park Partners Ltd in 2005, an investment advisory business with offices in Singapore and London. Previously he held senior positions in trading, investment, and corporate finance at Cargill, Merrill Lynch, and Lazard. Mr. Kaju holds a BA from the University of Wisconsin-Madison.

Nobuya Saito

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has more than 25 years experience in investment banking, especially in emerging markets. After serving as head of Japanese securities sales in Yamaichi Middle East, Bahrain, head of non-Japanese securities sales in Yamaichi U.K. London, and Executive Vice President in Chao Phraya Finance & Securities, Bangkok, he established his own investment consulting firm in 1998. He acquired his brokerage license for Agricultural Futures from the Thai Government and established JSP Futures, the first derivatives brokerage company in Thailand. Mr. Saito studied Arabic at the American University in Cairo, and Arab-Afro History at Cairo University.

 

Board of Managers

Douglas Clayton

Chairman

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founded Leopard Capital in 2007 and oversees all the Group's activities. Douglas also serves as Advisor to H.E. Ming Bankosal, Director-General of the Securities & Exchange Commission of Cambodia, and as a director of the Center for Khmer Studies. He has 25 years' experience investing in Asia, and has lived in five Asian countries. Earlier positions include CIO of Knight Asia, CEO of Abacus Equity Partners, Regional CEO of CLSA Securities, and Country Manager at CLSA and Indosuez WI Carr Securities. Douglas holds a MM (Sasin GIBA) and BA (Cornell).

Henry Looser

Vice-Chairman

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retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer.   He was also President of Julius Baer Swiss Capital Market Research Ltd., President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisors (Hong Kong) Ltd., and President of the Swiss Financial Analysts Association, among several other functions in international banking and investment management.

Kenneth Stevens

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has 19 years of unlisted and listed equities investment and business management experience.  After serving as Head of Research and Investment Banking Executive at CLSA Securities in Thailand, he spent ten years developing his own group of business ventures in Thailand and Vietnam.  His operational experience includes project design, construction and management; product distribution; aquaculture production; and service businesses. Mr. Stevens holds a MIM (Thunderbird) and a BA (Cornell), and is a Chartered Financial Analyst.

 

Shareholders

Leopard Capital is privately owned by its Managing Partners, Associates, Consultant Partners, Investment Committee members and Directors.

Leopard Cambodia

Investment Team

Douglas Clayton

Managing Partner

Chief Executive Officer

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founded Leopard Capital in 2007 and oversees all the Group's activities. Douglas also serves as Advisor to H.E. Ming Bankosal, Director-General of the Securities & Exchange Commission of Cambodia, and as a director of the Center for Khmer Studies. He has 25 years' experience investing in Asia, and has lived in five Asian countries. Earlier positions include CIO of Knight Asia, CEO of Abacus Equity Partners, Regional CEO of CLSA Securities, and Country Manager at CLSA and Indosuez WI Carr Securities. Douglas holds a MM (Sasin GIBA) and BA (Cornell).

Scott Lewis

Managing Partner

Chief Investment Officer

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has 15 years' experience in investment banking and private equity. He was a Director of Merrill Lynch's Global Energy & Power investment banking group in London, and earlier was a member of the investment teams of First Reserve Corp., a private equity firm focused on the global energy sector and Sterling Group, a private equity firm investing in the US petrochemical, agribusiness and basic manufacturing industries. Mr. Lewis has a BBA in accounting with High Honors and a MPA from the University of Texas at Austin.

Kenneth Stevens

Managing Partner

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has 19 years of unlisted and listed equities investment and business management experience.  After serving as Head of Research and Investment Banking Executive at CLSA Securities in Thailand, he spent ten years developing his own group of business ventures in Thailand and Vietnam.  His operational experience includes project design, construction and management; product distribution; aquaculture production; and service businesses. Mr. Stevens holds a MIM (Thunderbird) and a BA (Cornell), and is a Chartered Financial Analyst.

Jazz Gill

Technology Consultant

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has 19 years of experience in the Telecoms & Technology industry. Mr. Gill was Founder and CEO of his own software and media technology business for 9 years. He also has over 10 years experience as an executive in the telecoms sector covering marketing, product management, strategy and business development, holding senior positions at Global Crossing, FREEDOM4, Motorola and several early-stage businesses. His technology experience includes WiMax, WiFi, mobile, devices, convergence and other IP products. Mr. Gill holds an MBA from Imperial College.

Polleak-Guillaume Ok Serei

Investment Associate

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has over three years of experience working in Cambodia in the development sector within the UN system, mainly with a project of the International Labour Organization. He was also a lecturer in international relations at the Pannasastra University of Cambodia. Mr Ok Serei holds a law degree from the University de Paris X and an MA in international economics and international relations from SAIS Johns Hopkins University and is fluent in French.

Vichet Tep

Investment Associate

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has over 4 years experience of project development and coordination work between the public and private sectors to facilitate business activities in Cambodia. His operational experience includes investor relations, logistics and service businesses. He was awarded a scholarship from the Government of Japan and completed a Master of Law degree at Nagoya University after earning his Bachelor of Law degree at Osaka University. Vichet is fluent in Japanese, Khmer and English.

Ouk Chan Sophea

Investment Associate

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has over three years of commercial banking experience as Business Banking Specialist for ANZ Royal Bank's Sihanoukville Branch, and Credit Officer for Vattanac Bank in Phnom Penh. He was awarded a scholarship from the Government of France and completed a Master in International Business from Universite Paris Sorbonne (Paris IV), after earning MM and BBA degrees from Royal University of Law and Economics in Cambodia. Sophea is fluent in Khmer, French and English.

Ussa Seang

Intern

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joined Leopard Capital after completing his MBA from the Johnson School at Cornell University in May 2010. He brings more than five years of work experience in the USA and in Cambodia in diverse sectors such as finance, insurance and non-profit. He holds a Bachelor of Computer Engineering from Concordia University in Montréal, Canada and was a student at the Centre for Sustainable Global Enterprise at Cornell. He is fluent in Khmer, French and is currently learning Mandarin Chinese.

Anirban Lahiri

Intern

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Anirban is a first year MBA student at London Business School. Prior to commencing the MBA program, he was involved in launching and running a startup business in the engineering services outsourcing sector, based out of India. During this period he built a 30-member team and developed a client base in India, the Middle East and United States. Prior to this he worked in M&A strategy consulting and investment banking with PwC and UBS, respectively. During this time, he participated on M&A, debt and equity capital-raising transactions across the metals & mining, automotive, industrial chemicals sectors. Anirban graduated from Columbia University in 2004 with a degree in Operations Research / Engineering Management Systems.

 

Operations Team

Michael Pritchett

Chief Operations Officer

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has an entrepreneurial and operational background in energy, real estate, biofuels, and manufacturing. Prior to joining Leopard Capital, Michael was developing agricultural and manufacturing business opportunities in rural Thailand and Laos. He holds Bachelor degrees in Electrical Engineering and Economics from the University of Virginia. Michael is fluent in English and Spanish, and has a working knowledge of Thai and Lao.

Thou Sen Chann

Operations Manager

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was most recently the Financial Controller for both the Royal Angkor Resorts in Phnom Penh and Siem Riep, and prior to that the Sunway City and Allson Angkor Paradise Hotels . He has also been a Caltex Station manager, and before that was Account Officer with Medtecs Cambodia Co. Ltd. He has taught English at the Toul Trea Secondary School, and obtained degrees in accounting and management from what is now called Phnom Penh's Royal University of Law and Economics.

Virginia Law

Operations Officer

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has over 30 years of prior work experience in fund operations, accounting, administration, and investor services at institutions such as HSBC, Bank of Bermuda, Standard Chartered, Sun Life, and Bank of East Asia. She earned a Diploma in Financial Planning from HKU.

Wathana Cheng

IT Specialist

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was previously employed as IT Officer at BBC World Service Trust, after serving as IT Consultant at B.N.G Ltd, and IT Assistant Manager with Medtecs Cambodia Co., Ltd. He holds a Bachelors degree in Management Information System from National Institute of Management.

Phat Sotheary

Executive Assistant

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most previously worked at Abercrombie & Kent Cambodia as Assistant to the Director of Operations. She was trained as a finance department volunteer at National Centre of Disabled Persons and holds a Bachelors degree in Accounting from National Institute of Management.

Pen Bunnak

Receptionist

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most previously worked for MPA International Co., Ltd. and the International Labour Organization as receptionist and administrative assistant.

 

Investment Committee

Terence F. Mahony

Chairman

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has over 40 years of professional experience in investment management and financial services. After 20 years in Institutional Sales at White Weld and Paine Webber in Geneva , Hong Kong and New York (1970-1990), Mr. Mahony joined Baring International Investment Management in Boston to serve as Director and Chief Investment Officer of Latin America, where he launched the highly successful Baring Puma Latin America Fund. In 1993 he joined HSBC Asset Management as Chief Investment Officer for Global Emerging Markets and Member of the Global Asset Allocation Committee, and launched HSBC’s first Global Emerging Markets fund. From 1996 to 1999 Mr. Mahony served as Trust Company of the West’s Managing Director for Emerging Markets Equities, Chief Investment Officer of Global Emerging Markets, and President of TCW Asia Ltd., overseeing up to $2.2 billion of assets under management. He spent 6 months pro-tem in Ho Chi Minh City as CIO for the London listed IndoChina Capital Fund. Mr. Mahony currently serves as Chairman of Platinum Advisory International Inc., and is on the board of several UK London listed Investment Trusts. Mr. Mahony holds a MBA (INSEAD) and a BA (Oxford).

Dr. Gordian Gaeta

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is one of Asia’s leading banking consultants and risk control experts.  He has developed strategies and business plans for many of Asia’s leading financial services businesses, capital markets organizations, and stock exchanges, and advised or served close to half of the top 100 banks worldwide.  Previously an academic and banker in several countries, Dr. Gaeta started his consulting career with Booz Allen & Hamilton in London.  He moved to Hong Kong in the early 1980s to become the strategy advisor to Standard Chartered Bank. In 1991 Dr. Gaeta became Managing Partner for Booz Allen & Hamilton for financial services across Asia.  Since leaving Booz Allen in 1998, Dr. Gaeta has been an active private equity investor and a director or advisor to a range of entrepreneurial companies.  He continues to advise financial services groups at the Board or CEO level, and also undertakes corporate restructurings.  Dr Gaeta has published around 20 articles on banking and financial services and several books, notably “Frontiers in Credit Risk”. He is also a popular speaker on the international conference circuit, and a guest lecturer at several universities.  Dr. Gaeta received PhD and LL.M degrees from the University of Vienna.

Douglas Clayton

Show Bio

founded Leopard Capital in 2007 and oversees all the Group's activities. Douglas also serves as Advisor to H.E. Ming Bankosal, Director-General of the Securities & Exchange Commission of Cambodia, and as a director of the Center for Khmer Studies. He has 25 years' experience investing in Asia, and has lived in five Asian countries. Earlier positions include CIO of Knight Asia, CEO of Abacus Equity Partners, Regional CEO of CLSA Securities, and Country Manager at CLSA and Indosuez WI Carr Securities. Douglas holds a MM (Sasin GIBA) and BA (Cornell).

 

Board of Directors: Leopard Cambodia Partners GP, LLC

Dr. Marc Faber

Chairman

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is Executive Director of Marc Faber Limited, an investment advisor and fund manager for private clients.  He is the author of the widely read newsletter Gloom, Boom and Doom Report, which highlights unusual investment opportunities around the world, and the book Tomorrow's Gold - Asia's Age of Discovery, a Best-Seller in 2002.  Well-known for his contrarian investment approach, Dr. Faber is a popular speaker at investment conferences and in media panels, and serves as a director of a number of international investment funds.

Henry Looser

Vice-Chairman

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retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer.   He was also President of Julius Baer Swiss Capital Market Research Ltd., President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisors (Hong Kong) Ltd., and President of the Swiss Financial Analysts Association, among several other functions in international banking and investment management.

Dr. Jim Walker

Non-Executive Director

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is Founder and Managing Director of Asianomics Limited, an economic research and consultancy firm servicing the fund management industry. From 1991 to 2007, he was Cheif Economist and Director of CLSA Asia-Pacific Markets. He was voted best regional surveys of the Asiamoney Stockbrokers Poll for 11 consecutive years (1994-2004) and recieveed frequent #1 rankings in Greenwich survey of fund managers in Asia, Europe and USA. He holds a BA (Honors) and PhD in economics from University of Strathclyde, Glasgow.

Rolf Jud

Independent Director

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has 23 years experience in private banking and portfolio management at several international institutions in Switzerland. Since 2002 he has been Managing Director of Jud & Partner Vermögensverwaltung AG (JPV) which offers investment advisory and asset management services to institutional clients and high net worth individuals. In addition, JPV develops financial structured products and theme investment certificates for institutional investors and professional asset managers, with a specialization in Emerging Markets and Commodities.

Richard Leonard

Non-Executive Director

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is a an active investor and entrepreneur in frontier markets such as Columbia, Peru, and Afghanistan, through ventures such as include FertiVerde, Biscayne Resources, and Oxiana Energy.  After serving as a Captain in the US Marines, Mr. Leonard was an oil analyst for Eastman Dillon, and a Senior Vice President of Donaldson, Lufkin & Jenrette Securities where he spent three decades in international management and institutional sales positions.  Mr. Leonard also served as TIR Securities/E*Trade’s Managing Director for Southeast Asia.

 

Board of Directors: Leopard Cambodia Investments (BVI) Ltd.

Henry Looser

Chairman

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retired as Director and Chief of Private Banking at Bank Julius Baer in Zurich and Deputy Chairman of the Management of Bank Julius Baer.   He was also President of Julius Baer Swiss Capital Market Research Ltd., President of Bank Julius Baer (Guernsey) Ltd., President of Julius Baer Investment Advisors (Hong Kong) Ltd., and President of the Swiss Financial Analysts Association, among several other functions in international banking and investment management.

Thomas Hugger

Vice Chairman

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spent 26 years in private banking, where he specialized in managing portfolios of listed and unlisted equity investments.  His most recent position was Executive Director and Head of Investments at LGT Investment Management (Asia), Hong Kong.   Earlier he held investment positions at LGT Bank (Zurich) and Bank Julius Baer in Zurich and Hong Kong.   Mr. Hugger is a CFIA – (Federal) Certified Financial Analyst and Investment Adviser – Switzerland, and a Certified EFFAS (European Federation of Financial Analysts Societies) Financial Analyst.

Scott Lewis

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has 15 years' experience in investment banking and private equity. He was a Director of Merrill Lynch's Global Energy & Power investment banking group in London, and earlier was a member of the investment teams of First Reserve Corp., a private equity firm focused on the global energy sector and Sterling Group, a private equity firm investing in the US petrochemical, agribusiness and basic manufacturing industries. Mr. Lewis has a BBA in accounting with High Honors and a MPA from the University of Texas at Austin.

Markus Winkler

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was educated at the University of Zurich and the Business School of St. Gallen, from which he graduated. He is President of the Board of VGZ Vermoegensverwaltungs-Gesellschaft Zurich, an independent asset management company he founded in 1973. Prior to that he was trained at Bank Leu and UBS. He is a founder-member and former Vice President of the Swiss Association of Asset Managers and has been a member of its Ethics Committee for 20 years. He also was a founder and for more than 10 years a Board member of the Swiss Investors' Association. He serves on the Advisory or Supervisory Boards of a number of Dublin, Frankfurt and London listed funds investing in Asian and Eastern European emerging markets.

 

Advisors

H.E. Dr. Sok Siphana

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is Advisor to the Royal Cambodia Government with rank of Minister. Recently he served as a senior official at WTO/UNTAD's International Trade Center in Geneva. From 1999-2005 Dr. Sok was Secretary of State at the Ministry of Commerce where he played a key role in Cambodia's 2003 accession to the World Trade Organization. He is considered one of Cambodia's leading authorities on issues related to trade, economic integration, and the development of a commercial legal framework. Dr. Sok holds JD (Widener University School of Law), PhD (Bond University School of Law) and MBA degrees.

H.R.H. Pheanuroth Sisowath

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is Advisor to the King's Cabinet with rank of Secretary of State. He serves as Cambodia's Focal Point for the International Trade Centre (a technical cooperation agency of UNCTAD and WTO), and as Project Coordinator for the Ministry of Commerce's Sector-wide Silk Project. Prince Pheanuroth formerly served as the Ministry of Rural Development's Deputy Director General for Administration and Finance, and Deputy Governor of Phnom Penh. After receiving his BA in Paris, he spent 10 years at an IT services and consulting firm in Paris. Prince Pheanuroth supports several NGOs, as Chairman of SMI Cambodia and a Director of Youth Star Cambodia.

Dr. Benny Widyono

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served as a United Nations diplomat in Cambodia, Thailand, Chile, and New York. He was a peacekeeper in Cambodia with UNTAC from 1992 to 1993, then returned to Cambodia the UN Secretary-General's Representative from 1994-1997. His recently published book, Dancing in the Shadows: Sihanouk, the Khmer Rouge, and the United Nations in Cambodia was written while Dr. Widyono was a visiting scholar at Cornell University. Dr. Widyono holds a PhD in Economics and is currently professor of economics at the University of Connecticut.

Leopard Sri Lanka

Investment Team

Nirosh De Silva

Managing Partner, CFA

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has 17 years' experience in Sri Lanka's capital markets. He began his career as an analyst at a local merchant bank, Vanik, and was recruited by Hatton National Bank to set up its corporate finance unit in 1997. In 2000 Mr. De Silva was hired as Fund Manager of Ayojana Fund, a NDB/CDC joint venture that was one of Sri Lanka's first private equity funds, where he worked under Mr. Ranjith Fernando (above). After CDC sold its shareholding in Ayojana to Aureos Capital, Mr. De Silva established Orion Capital Partners to provide change management and corporate restructuring advisory services to Sri Lankan companies, and completed numerous assignments that substantially increased shareholder value. In 2004 he co-founded Orion Fund Management with two partners, and assisted in building a fund management business in managing listed equities that substantially outperformed its benchmark stock indices each year since inception. Mr. De Silva holds a BA in Economics & Business Management from Franklin & Marshall College, and is a Chartered Financial Analyst.

Vidhumin Grero

Senior Manager

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started his career at Bartleets Financial Services before becoming an accountant at media group Maharaja Organization. He later served as CFO at plastics manufacturer Phoenix Industries, and then CFO at Bently Merchants, a wood products exporter. In 2005 he joined Orion Capital Partners as a change management consultant , and served as Acting CFO in client companies undergoing restructurings. Vidhumin was a finalist of the Chartered Institute of Management Accountants of UK and of the Chartered Institute of Marketers UK.

 

Board of Directors

Ranjit Fernando

Chairman

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earned recognition as one of the top development bankers in South Asia during his 22 year career at National Development Bank of Sri Lanka (NDB). After being named NDB's CEO and Director in 1989, he guided the state-owned NDB to a successful IPO privatization in 1993, and transformed NDB into a full-fledged commercial bank through the acquisition of ABN-AMRO's local operations in 2001. Mr. Fernando also helped launch Sri Lanka's venture capital industry by promoting two pioneering funds, NDB Venture Investments and Ayojana Fund (both joint ventures between NDB and Britain's CDC Group). Following his retirement from NDB he served as Permanent Secretary of the Ministry of Industries from 2002-2004. Mr. Fernando is currently Chairman of United Motors Lanka PLC, Financial Services Ltd, and Latex Green Ltd., and Independent Director of Commercial Bank of Ceylon PLC, Piramal Glass Ceylon PLC, Kelani Tyres PLC, Sarvodhaya Economic Enterprises Development Ltd., ICICI International Pte Ltd. (Mauritius), and Prasac Microfinance Ltd. (Cambodia). Mr. Fernando is an Attorney-at-Law and holds a Bachelor of Laws (Hons) degree from University of Ceylon. He is a Fellow of the Chartered Institute of Management Accountants (UK), Chartered Institute of Bankers (UK), and Companion of the Chartered Institute of Management (UK).

Nirosh De Silva

Vice Chairman, Managing Partner, CFA

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has 17 years' experience in Sri Lanka's capital markets. He began his career as an analyst at a local merchant bank, Vanik, and was recruited by Hatton National Bank to set up its corporate finance unit in 1997. In 2000 Mr. De Silva was hired as Fund Manager of Ayojana Fund, a NDB/CDC joint venture that was one of Sri Lanka's first private equity funds, where he worked under Mr. Ranjith Fernando (above). After CDC sold its shareholding in Ayojana to Aureos Capital, Mr. De Silva established Orion Capital Partners to provide change management and corporate restructuring advisory services to Sri Lankan companies, and completed numerous assignments that substantially increased shareholder value. In 2004 he co-founded Orion Fund Management with two partners, and assisted in building a fund management business in managing listed equities that substantially outperformed its benchmark stock indices each year since inception. Mr. De Silva holds a BA in Economics & Business Management from Franklin & Marshall College, and is a Chartered Financial Analyst.

Douglas Clayton

Managing Partner

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founded Leopard Capital in 2007 and oversees all the Group's activities. Douglas also serves as Advisor to H.E. Ming Bankosal, Director-General of the Securities & Exchange Commission of Cambodia, and as a director of the Center for Khmer Studies. He has 25 years' experience investing in Asia, and has lived in five Asian countries. Earlier positions include CIO of Knight Asia, CEO of Abacus Equity Partners, Regional CEO of CLSA Securities, and Country Manager at CLSA and Indosuez WI Carr Securities. Douglas holds a MM (Sasin GIBA) and BA (Cornell).

 

Advisors

Jim Rogers

Advisor

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after co-founding and co-managing the spectacularly successful Quantum Fund for a decade, Jim "retired" in 1980, but remained an active private investor, financial commentator, adventure traveler, and author. An early participant in the commodities boom, Jim created the Rogers International Commodity Index in 1998. His books include Investment Biker: Around the World with Jim Rogers, Adventure Capitalist: The Ultimate Road Trip, Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market, A Bull in China, and A Gift to My Children: A Father's Lessons For Life And Investing.

Dr. Marc Faber

Advisor

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is Executive Director of Marc Faber Limited, an investment advisor and fund manager for private clients. He is the author of the widely read newsletter Gloom, Boom and Doom Report, which highlights unusual investment opportunities around the world, and the book Tomorrow's Gold - Asia's Age of Discovery, a Best-Seller in 2002. Well-known for his contrarian investment approach, Dr. Faber is a popular speaker at investment conferences and in media panels, and serves as a director of a number of international investment funds.

Senator Larry Pressler

Advisor

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Senator Larry Pressler served in the United States Congress for 22 years (1975-1997).  He was the author of the Telecommunications Act of 1996, Chairman of the Senate Commerce, Science and Transportation Committee, and Chairman of the Asian and European Subcommittees of the Foreign Relations Committee. After retiring he maintained his lengthy interest in South Asia and served as a Director of Infosys Technologies Ltd. among other assignments. Senator Pressler holds a BA from University of South Dakota, a MPA from Harvard’s Kennedy School of Government, a JD from Harvard Law School and was a Rhodes Scholar at Oxford, England

Rolf Jud

Independent Director

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has 23 years experience in private banking and portfolio management at several international institutions in Switzerland. Since 2002 he has been Managing Director of Jud & Partner Vermögensverwaltung AG (JPV) which offers investment advisory and asset management services to institutional clients and high net worth individuals. In addition, JPV develops financial structured products and theme investment certificates for institutional investors and professional asset managers, with a specialization in Emerging Markets and Commodities.