Non Executive Directors/ Advisory Board

Ashar Qureshi

Ex-CEO Renaissance Investment Management (UK) Limited, Ex-Executive Vice Chairman Renaissance Group

Ashar masterminded expansion into developing markets in Europe, the Middle East and South Asia for Cleary Gottlieb, New York. Built a formidable law practice advising financial institutions, corporations and sovereigns on cross border transactions. Is an expert in corporate governance and regulatory matters. Ashar is one of the pre-eminent lawyers in his sector. Brought all these skills to lead Renaissance Asset Managers to new heights.

Dennis Fulling

CFO International at Norilsk Nickel

Dennis is currently CFO International at Norilsk Nickel, the world's leading producer of nickel and palladium, and one of the largest global producers of platinum and copper. Previously he was CFO, Head of Consumer Finance Bank and Head of Treasury of Renaissance Capital, a leading investment bank focused on the emerging markets of Russia, Ukraine, Kazakhstan and sub-Saharan Africa.

Dag Cramer

CEO of BSG Capital Markets and BSG Management Services

Dag Cramer is the CEO of BSG Capital Markets and BSG Management Services. Between 1989 and 2003 he was employed by Anglo American PLC and Anglo American SA where he spent all of his career in the Finance Division. In 2003 he joined Onyx SA as CEO. Onyx provides management and administrative services to BSG Investments.

Nikolay Chernikov

Non-executive Director, Senior Advisor, Da Vinci Capital

Nikolay is a managing director of Titan Assets, a Luxembourg based independent financial advisory. Mr. Chernikov focuses on financial services sector: international banking, investment banking, stock exchanges, family offices. He has 27 years experience in banking, M&A transactions and joint ventures in financial sector. Nikolay previously served as a treasurer at East-West United Bank, Luxembourg. He has a degree in economy and international banking, as well as a PHD.

Average P/E multiple in Russia vs 13.7x in China, 14.9x in India and 8.6x in Brazil