Our Team

Board of Directors and Key Personnel of the Investment Manager

Current Board

Conor MacNamara (aged 49), Non-Executive Director

Mr. MacNamara is an experienced investment banker with significant experience in asset management and structuring alternative investment products throughout Asia. He has spent over 25 years in the Japanese and Asian markets, holding senior positions at a number of institutions including been Partner and Head of Business Development at Adamas Asset Management, Executive Director and Asia Co-Head of Structured Credit & Alternatives at ABN AMRO, RBS Global Banking, Gen Re Securities and RBC Dominion Securities. He has a Bachelor of Commerce degreee (B.Comm, Hons) and a Masters of Business Studies degree (MBS, Hons) from University College Dublin (UCD) in Ireland.

Ernest Wong Yiu Kit (aged 48), Non-Executive Director

Mr. Wong has over 20 years of experience in venture capital, corporate finance, business development, legal, IT, financial and general management. Currently he is the President and Group CFO of KVB Kunlun Holdings Limited which is the holding company of a listed financials services group in HK. He is also the independent non-executive director and the chairman of the audit committee of Renheng Enterprise Holdings Limited and E-Rental Car Co Limited, both are listed in the Main Board of HK Stock Exchange. He served as Executive Director and the CFO of China Private Equity Investment Holdings Limited (the former Adamas Finance Asia Limited) till February 2014 and October 2011 respectively. Prior to that, he was the CFO of ASTRI ( the technology development flagship of HK Government) and the VP of Vertex Management (one of the largest Singapore VC firms). He also worked for Guangdong Investment Ltd, Transpac Capital and Anderson Consulting. He has a BBA (University of Hong Kong) and a MSc in investment management (University of Science & Technology, Hong Kong) and a MSc in Electronic Engineering (Chinese University of Hong Kong). Mr. Wong’s professional qualifications include: FCCA, FCPA, CFA, ACA and MHKSI.

John Croft (aged 62), Non-Executive Chairman

Mr. Croft is an experienced director of AIM-quoted companies and has previously worked in executive and non-executive capacities with a number of fast growth companies in the technology and financial services sectors. He is also currently Non-Executive Chairman of Fusionex International PLC (AIM:FXI) and a Non-Executive Director of Goal Group Limited, a leading class action service provider and tax reclamation services specialist. He previously held senior director level positions in Racal Electronics and NCR Corporation, following an early career in banking with HSBC and Grindlays Bank.

 

Key Personnel of the Investment Manager

Paul Heffner

Mr. Heffner is a co-founder, Managing Partner and Chief Executive Officer of Adamas. Prior to forming Adamas, Mr. Heffner was a Partner of Ajia Partners which managed over USD2.5 billion in alternative investment funds focused on Asia. Responsible for Fund of Funds business and development of Middle East relationship. He was also a Managing Director for Hong Kong family office responsible for all technology, media and telecom investments. Mr. Heffner was previously an Associate Director with Morgan Stanley Private Wealth Management. He has 20 years of investment experience in Hong Kong and has extensive experience in asset management, marketing, and entrepreneurial ventures.

He obtained an MBA from Columbia Business School and graduated with Honours in Asia Studies from Trinity College in Hartford, Connecticut.

Mr. Heffner was the former President of Columbia Alumni Association Hong Kong and is current board advisor.

Barry Lau

Mr. Lau is a co-founder, Managing Partner and Chief Investment Officer (Private Investments) of Adamas. Prior to the founding of Adamas, he was Head of Fund Derivatives Asia at BNP Paribas focused on structured collateralised lending on hedge fund assets. 

Prior to BNP Paribas, he was at ABN AMRO focused on structuring dynamic guarantees and credit derivative instruments.

He was formerly a lawyer at Clifford Chance LLP, London, focused on private equity and hedge fund establishments and investments.

Mr. Lau obtained a law degree from University College London.

 

Committees

There is no mandatory corporate governance regime in the BVI with which the Company must comply. However, the Board recognises the importance of sound corporate governance and, save as disclosed below,the Company will, from Admission, take into consideration the main provisions of the AIC Code of Corporate Governance. The AIC Code of Corporate Governance sets out a framework of best practice in respect of the governance of investment companies. It has been endorsed by the Financial Reporting Council as an alternative means for investment companies to meet their obligations in relation to the UK Corporate Governance Code. The Company also proposed to take into consideration the recommendations on corporate governance of the Quoted Companies Alliance for companies with shares traded on AIM. The Company has adopted a code similar to the Model Code, for Directors’ dealings in securities of the Company, which is appropriate for a company quoted on AIM. The Directors will also comply with Rule 21 of the AIM Rules for Companies relating to Directors’ dealings. The Directors believe that the Company has sufficient accounting systems and controls which will provide a reasonable basis for them to make proper judgements as to the financial position and prospects of the Enlarged Group. The Company intends to adopt an anti-corruption and bribery policy shortly after Admission which will be designed to achieve compliance with applicable laws and regulations, including the UK Bribery Act 2010 where relevant and appropriate.

The Board is responsible for reviewing and approving the Company’s Investing Policy and for monitoring the performance of Adamas GAIM in the performance of its obligations under the Services Agreement. The Company intends to hold board meetings as required and not less than six times annually. The Board does not intend to constitute committees for audit, remuneration and nomination at the present time given there are only three Directors currently appointed to the Board. The Directors will absent themselves, at the appropriate time, from discussions on matters directly affecting their remuneration and responsibility for those tasks normally undertaken by the audit and nomination committees will be shared between the Directors. As further directors are appointed to the Board, it is the intention of the Company to constitute these committees.