Harry Wells


Harry Wells has 40 years' experience of investment markets, primarily as an institutional stockbroker specialising in the Asia Pacific region, based in London and Hong Kong, latterly as a Managing Director of Salomon Smith Barney. He is also Chairman of the Martin Currie Asia Unconstrained Investment Trust PLC and The Establishment Investment Trust PLC. Harry holds an MA degree in Land Economy from Cambridge University and is a Fellow of the Chartered Institute for Securities and Investment and is a Member of the Royal Institution of Chartered Surveyors.

John Scott

Audit Committee Chairman

John has considerable experience of both Asian markets and of the investment trust sector. He is also Chairman of the specialist trust Impax Environmental Markets and Chairman of the Lloyd's Members' agent Alpha Insurance Analysts and was formerly the Chairman of the Scottish Mortgage Investment Trust plc, the UK’s largest conventional investment trust. He is a director of JP Morgan Claverhouse Investment Trust plc. His other directorships include a Guernsey registered business, Bluefield Solar Income Fund Ltd. John started his career in Hong Kong with Jardine Matheson in 1974 and joined investment bank Lazard Brothers in London in 1981, where he spent 20 years, including three years in Tokyo. John is a Fellow of the Chartered Insurance Institute and a Fellow of the Chartered Institute for Securities and Investment. He has a degree in Economics from Cambridge University and an MBA from INSEAD, France.

Mark Smith

Mark is an Investment Manager at Waverton Investment Management (formerly known as J O Hambro Investment Management) which he joined in 2002. He manages portfolios for both UK and international clients, is a Japanese equity specialist, and a member of the Stock Selection Committee. Prior to joining Waverton, Mark spent a number of years in institutional fund management specialising in Japanese equities, firstly at Provident Mutual but mainly at Foreign & Colonial where he worked for five years, ultimately managing large Japanese equity funds. Mark graduated from Exeter University in 1994 with a degree in Spanish, has passed his IIMR exams and is an Associate of the Institute (now CFA).

Peter Wolton

Senior Independent Director

Peter has wide experience of Japan and the investment trust sector. He was resident in Tokyo from 1994 to 1998 where he was responsible for Schroders’ asset management activities and, from 1996, Schroders’ Country Head. He is a former director of Dunedin Income Growth Investment Trust plc, TR Property Investment Trust plc and Schroder Japan Growth Fund plc. He commenced his career with Savills, qualifying as a Chartered Surveyor in 1980 and from 1983 until 2001 worked for Schroders, specialising in the management of UK equity portfolios for pension funds and charities until 1993 when he was transferred to Japan. From 1998 to 2001 he headed Schroders’ global retail businesses and from 2002 to 2003 was Chief Investment Officer of the Investment Management Group of Baring Asset Management. Peter is Executive Vice Chairman of the New Model School Company Ltd, and has degrees in Land Economy from Cambridge University and Contextual Theology from Middlesex University.

Note: All the Board members are independent, Non-Executive Directors.