Insparo Asset Management appoints Chief Operating Officer

16 July 2008

Insparo Asset Management (“Insparo”) has appointed Simone Kruys as its new Chief Operating Officer.

Insparo was established by Principals Mohammed Hanif and Francis Beddington in July 2007 and launched its inaugural Fund, the Insparo Africa and Middle East Fund,with $125m, in May of this year.

Miss Kruys, who was previously Finance Director at Asian investment management firm BDT Invest, brings a wealth of experience to Insparo, having held a number of senior roles within the alternative investment, investment banking and Accountancy industries.

Prior to BDT Invest, Miss Kruys worked as Real Estate Fund Accountant for Cambridge Place Investment Management, where she was involved in the successful launch of Cambridge Place’s privately owned pan-European Real Estate Fund.

Previously Miss Kruys worked in Hedge Fund Accounting at Bluebay Asset Management, where she was responsible for month end reporting and the calculation of weekly NAVs and all other aspects of financial reporting for three of the firm’s hedge funds. During this time, Miss Kruys also worked on the implementation of trading and investment accounting systems.

Miss Kruys has also worked as Financial Analyst for Alternative and Quantitative Investments for UBS O’Connor, and Financial and Management Accountant for ABN Amro. She began her career at PricewaterhouseCoopers in 1998, where she spent three and a half years in the Audit Unit.

Mohammed Hanif commented:

“Although Insparo is only recently established, we are unashamedly institutional in style. Like the rest of the senior management team, Simone brings with her an excellent track record and a depth of experience that will serve Insparo and our investors well.

“We are delighted she has decided to join Insparo and apply her considerable talent to our vision of capturing investment opportunities in frontier markets. Simone’s potent blend of hedge fund and big four accountancy experience can only enhance the way our firm operates and the level of service and reporting we aim to provide to our investors.”

Insparo seed investors include IPGL Limited (“IPGL”), a private holding company in which Michael Spencer, CEO of ICAP plc, together with his wife and family trusts, are majority shareholders, clients of a US investment and financial consulting firm, and Exotix Limited.

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