Terry Mahony, who is currently serving as a non-executive director of Indochina Capital Vietnam Holdings, has been appointed an executive member of the management of the entity that manages the fund. He will remain on the board of directors of the fund itself. The new appointment is effective June 2.

The closed-end fund, listed on the London Stock Exchange, provides institutional investors exposure to prelisted equity, state-owned entity equity, listed equity, fixed income, short-term instruments and other investments in Vietnam, where it has a nine-year track record.

In his new role, Mahony will serve as co-CIO along with current CIO Tung Kim Nguyen. As well as help run money, he will also play an active role in training the next generation of equity managers at the firm.

ôWe have a wealth of promising talent available to us in Vietnam,ö says Peter Ryder, CEO of Indochina Capital Corporation, the parent of Indochina Capital Advisors, the company which manages the fund. ôWorking with someone of TerryÆs seniority and experience will accelerate their development.ö This will also free up RyderÆs time to focus on the more strategic aspects of the business.

Mahony has lived in Asia since 1981 in several careers, many focused on emerging-market finance, interrupted by a stint running a Latin American fund for Baring Asset Management. He built HSBC InvestmentsÆ global emerging-markets capacity in the early 1990s, and then did the same for Trust Company of the West and TCW Asia in the mid-1990s. Since 2000, he has been responsible for asset allocation for global institutional portfolios at Investment Manager Selection, a role he continues.