Board of Directors

Teresa Barger (Vice Chairman) - Cartica Capital LLC
Thomas C. Barry - Zephyr Management, L.P.
Antonio Bonchristiano - GP Investments
Michael Calvey - Baring Vostok Capital Partners
Paul Fletcher - Actis
Jason Glover - Clifford Chance
Roger S. Leeds(Chairman) - Johns Hopkins University, SAIS
H. Jeffrey Leonard - Global Environment Fund
Luis Miranda- IDFC Private Equity
Donald Roth- EMP Global
André Roux- Ethos Private Equity Ltd.
George W. Siguler- Siguler Guff & Company
Sev Vettivetpillai - Aureos Advisers Limited
Pote Videt - Lombard Investments
John Zhao - Hony Capital

Teresa Barger (Vice Chairman)
Co-Founder, Managing Director & CIO
Cartica Capital LLC
Ms. Barger has spent 21 years investing in emerging markets companies at the International Finance Corporation. She was Director of Corporate Governance for the World Bank and IFC from 2004 to 2007, and Director of Private Equity and Investment Funds from 2000 to 2004. Prior to that, she worked at McKinsey & Company in New York, London and Tokyo. Ms. Barger is the co-founder and Vice Chair of the Emerging Markets Private Equity Association. She serves on the Board of the Pacific Pension Institute and is a member of the Council on Foreign Relations. She is a graduate of Harvard University and Yale University, and did graduate work in the American University in Cairo.

Thomas C. Barry
Founder & CEO
Zephyr Management, L.P.
Thomas C. Barry founded Zephyr Management, L.P. in 1994. By combining sustainable business and economic trends with a high value added investment strategy, Zephyr has sponsored thirteen funds, with US $900 million in committed capital. Prior to that, Mr. Barry, a CFA, was CEO of the Rockefeller and Company, Inc. and held several positions at T. Rowe Price Associates, including President of Rowe Price New Horizons Fund. Mr. Barry has a B.A. in Latin American studies from Yale University and an M.B.A. from Harvard Business School.

Antonio Bonchristiano
Managing Partner
GP Investments
Antonio Bonchristiano joined GP Investments in 1992 and has been a Managing Partner of the Company since 1993. Mr. Bonchristiano seats in the advisory and board of several companies including GP Investments, ALL, and Submarino.com. Mr. Bonchristiano has served as a Board Member of Gafisa, Sé Supermercados, ABC Supermercados and Playcenter. Mr. Bonchristiano was the CFO of SuperMar Supermercados, one of GPCP´s portfolio companies, and a partner in Johnston Associates, a London-based financial advisory firm. He also worked for Salomon Brothers in London and New York. Mr. Bonchristiano has a B.A. in politics, philosophy and economics from University of Oxford.

Michael Calvey
Co-Managing Partner
Baring Vostok Capital Partners
Michael Calvey is a Co-Managing Partner of Baring Vostok and a member of the Board of Directors of both Baring Vostok and Vostok Capital. Mr. Calvey has been working full time in Moscow on the First NIS Regional Fund since its inception in 1994 as co-manager of the fund. He is the Chairman of the Investment Commit­tee of the NIS Fund and currently sits on the Board of Directors of five of the NIS Funds portfolio companies. Prior to working on the NIS Fund, Mr. Calvey worked at the European Bank for Reconstruction and Development (EBRD) and Salomon Brothers Inc. on a variety of direct investments and corporate finance assign­ments, principally in the oil and gas sector. Mr. Calvey has an M.Sc. in Finance from the London School of Economics and a B.A. from Oklahoma University.

Paul Fletcher
Senior Managing Partner
Actis
Mr. Fletcher is based in London and heads up Actis's business activities worldwide. He joined Actis in 2000 as Director of Africa and Global Sector Groups and was appointed as CEO in 2002, after which he led the demerger of Actis from CDC. Before joining Actis, Mr. Fletcher was Head of Emerging Markets Strategic Planning for Citibank in London and, prior to that, General Manager for Citibank in East Africa based in Nairobi. He also spent eight years working as a Corporate Finance professional in New York, Tokyo and London. He began his career trading commodities for Cargill in Minneapolis and London before joining the commodities division of Bankers Trust. Mr. Fletcher has a master’s degree in geography from Oxford University.

Jason Glover
Partner
Clifford Chance
Jason Glover has been a partner at Clifford Chance since 1998, immediately prior to which he spent three years working in the private equity industry.  As operations director for AIFAL (then the second largest private equity manager in Asia), he was responsible for the day-to-day operational management for several funds including Asian Infrastructure Fund (US$ 780 million).  Further commercial experience was gained as COO of what is now Duke Street Capital, where his role included active fundraising for an LBO fund which quadrupled funds under management.  Jason's practice focuses on advising fund managers and investors on the establishment and operation of private equity funds.  He represents some of Europe's leading managers including Barclays Private Equity, Charterhouse, Duke Street Capital, EQT, Permira, Royal Bank of Scotland and STAR Capital.  In addition Jason is highly active in the Emerging Markets, acting for a number of leading fund managers including Actis, Abraaj Capital, Affinity Capital, EFG Hermes and Renaissance. On the investor side his clients include PPM Ventures, UBS and Capital Dynamics. 

Roger S. Leeds (Chairman)
Professor
Johns Hopkins University, SAIS
Dr. Roger S. Leeds is the Chairman of the Board of Directors of EMPEA, and a Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University, Director of the School’s Center for International Business and Public Policy, and an Adjunct Professor at the Wharton School, University of Pennsylvania. Prior to SAIS, Dr. Leeds worked as Managing Director and co-head of the emerging markets practice at Patricof & Co., Partner at KPMG, senior staff member at the International Finance Corporation, and, Associate at Salomon Brothers in New York. A renowned expert in the field, Dr. Leeds has worked in 100 countries in Latin America, Asia, Eastern Europe and the former Soviet Union, and Africa, and is a member of Council of Foreign Relations in New York. Dr. Leeds has a bachelor’s degree from Columbia University, and a M.A. and Ph.D. from SAIS.

H. Jeffrey Leonard
President & CEO
Global Environment Fund
H. Jeffrey Leonard has primary oversight of GEF’s investment management activities in emerging markets and technology investments specializing in the energy, environmental, intelligent systems engineering, biotechnology and healthcare sectors. Prior to GEF, Mr. Leonard worked with development and finance economic development and environmental infrastructure for the World Bank, U.S. Agency for International Development, World Resources Institute, U.S. Environmental Protection Agency, U.S. Office of Technology Assessment and the Consultative Group on International Agriculture Research. He also served as vice president of World Wildlife Fund and The Conservation Foundation. He is a Board Member of the National Council for Science and the Environment, and was a board member of Centro Internacional de Agricultura Tropical (CIAT). Mr. Leonard has a B.A. from Harvard University, a M.Sc. from the Lon­don School of Economics and a Ph.D. from Princeton University.

Luis Miranda
President & CEO
IDFC Private Equity
Luis Miranda is the President & CEO of IDFC Private Equity, the largest Indian private equity manager. IDFC manages USD 630 million through funds from the India Development Fund and IDFC Private Equity Fund II. Prior to IDFC, Mr. Miranda was a General Partner at ChrysCapital, founding member of HDFC Bank, India’s leading private sector bank, and a banker at HSBC, Citibank, KPMG and PriceWaterhouse. He was also the Director and Founder of the Fixed Income, Money Markets and Derivatives Association of India and Executive Committee Member of the Foreign Exchange Dealers’ Association of India. He is an Executive Committee Member of the Indian Venture Capital Association. Mr. Miranda has an M.B.A. from the University of Chicago and is a Chartered Accountant. He is Chairman of the Asia Cabinet of the Global Advisory Board of the Graduate School of Business, University of Chicago.

Donald Roth
Managing Partner
EMP Global
Mr. Roth is the Managing Partner of EMP Global, an international private equity firm based in Washington, D.C. with international affiliates. EMP Global serves as the principal adviser or manager of the private equity funds having $5.7 billion in committed resources. Prior to EMP Global, Mr. Roth served as Vice President and Treasurer of the World Bank, and as Chairman and Chief Executive at Merrill Lynch Europe Ltd. Mr. Roth is also Adviser to the National Treasury Management Agency in Ireland, and a Director at the Center for International Private Enterprise, which is funded by the U.S. Congress and sponsors private sector enterprises in developing countries. Mr. Roth has a B.A. in Politics from Princeton University, an M.B.A. in International Finance from University of Chicago and an M.Sc. in International Monetary Economics from London School of Economics.

André Roux
Chief Executive
Ethos Private Equity Ltd.
Andre Roux is the founding partner of Ethos. As Chief Executive, he has overall responsibility for the company’s strategic, operating and investment activities. With more than 25 years in investment banking he is regarded as a pioneer in the private equity industry in South Africa. Prior to Ethos, he worked for FirstCorp Merchant Bank (a subsidiary of First National Bank) in financial advisory, including mergers and acquisitions, corporate restructuring, divestitures, initial public offering and minority investments. He also worked with BZW, the investment banking arm of Barclays plc, in corporate finance related assignments and private equity. Prior to the establishment of Ethos, he jointly held the positions of Chief Executive of FirstCorp Capital Investors Limited and FirstCorp Merchant Bank. Mr. Roux serves on the board of Dunlop Tyres International.

George W. Siguler
Managing Director & Founding Principal
Siguler Guff & Company
George W. Siguler is the Managing Director and founding principal of Siguler Guff & Company. Prior to Siguler Guff, Mr. Siguler was a Managing Director and head of PaineWebber’s Private Equity Group, and President and Chief Investment Officer of Associated Capital Investors. He was a founding partner of the Harvard Management Company and initiated and managed its venture capital, buyout and hedge fund activity. He also served as Associate Treasurer of Harvard University. Mr. Siguler served in the Reagan Administration from 1983 to 1984 as Chief of Staff of the U.S. Department of Health and Human Services, with oversight responsibility for a $300 billion budget and 150,000 employees. He is a member of the Board of Overseers Visiting Committee of the Harvard Medical School, and a Trustee of the Bement School, Deerfield, Massachusetts. He holds a B.A. from Amherst College and an M.B.A. from Harvard Business School.

Sev Vettivetpillai
CEO & CIO
Aureos Advisers Limited
Sev Vettivetpillai was appointed Chief Executive Officer of Aureos Advisers Limited in July 2004. Prior to this, he was Investment Director of AAL and responsible for the Aureos Group investment activities such as investment strategy & philosophy, investment process and fund structures. Mr. Vettivetpillai was instrumental in applying portfolio development and management theory to private equity investment across the Aureos Group.  He has 13 years of experience in private equity investing in the emerging markets. Prior to joining Aureos, Mr. Vettivetpillai was a Senior Investment Executive at CDC, responsible for evaluating third-party fund investments and CDC’s portfolio of managed funds. He previously worked for three years in Ayojana, one of CDC’s fund management companies in Sri Lanka. He also worked at Vanik Inc. as a Portfolio Manager and Mott Macdonald Group as an Engineer. Mr. Vettivetpillai graduated from Imperial College, London, UK with a BEng (Hons) in Civil Engineering. In 2001 he gained the United States professional designation of Chartered Financial Analyst (CFA).

Pote Videt
Managing Director
Private Equity (Thailand) Co., Ltd., a subsidiary of Lombard Investments
Pote Videt is Managing Director of Private Equity (Thailand) Co., Ltd., an affiliate of Lombard Investments, which provides technical assistance to the US$245 million Thailand Equity Fund. Previously Mr. Videt was Managing Director of Credit Suisse First Boston and Managing Director of Goldman Sachs in Hong Kong. Named one of the top bankers in emerging markets by The Global Finance magazine, Mr. Videt served as Deputy Minister of Commerce and as advisor to Deputy Prime Minister Dr. Supachai Panitchpakdi in the Thai Government. He is currently on the Council of Economic Advisors to the Prime Minister of Thailand. Mr. Videt serves on the Board of Trustees of the Asia Society, a Council Member of the Asian Corporate Governance Association, and a board member of Thai companies including K-Tech, Loxley, Trinity Watthana and Vinythai. He has a B.A. in economics from Yale University and a M.B.A. from Harvard Business School.

John Zhao
Chief Executive Officer
Hony Capital
Mr. John Zhao is CEO of Hony Capital, one of China’s first domestic private equity firms. Under Mr. Zhao’s leadership Hony Capital has grown to encompass $700Mn in assets under management, and its 12 portfolio companies have annual sales of $2.7Bn, employ 44k individuals, and make annual tax contributions of over $250Mn. Prior to Hony, Mr. Zhao served as a Silicon Valley venture capitalist and as a turn-around CEO and chairman of several high technology companies. Mr. Zhao continues to serve as vice president of Hony’s sponsor firm, Legend Holdings and the parent of Lenovo, acquirer of the IBM personal computer business. Mr. Zhao is the director and chairman in several Hony portfolio companies. Mr. Zhao has an M.B.A. from the Kellogg School of Management at Northwestern University, a dual master’s degrees in electric engineering and physics from Northern Illinois University, and a bachelor’s degree in physics from Nanjing University.

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