Vietnam fund announces new director

Indochina Capital appoints Terence Francis Mahony as a new independent non-executive director.
Indochina Capital Vietnam has appointed Terence Francis Mahony as a new and additional independent non-executive director as of January 1, 2008. He takes on the role of chairman of governance and the compliance committee.

ôTerence has extensive experience working in emerging markets in Asia having lived here since 1981," says Tung Kim Nguyen, managing director of Indochina Capital Advisors, ICVÆs investment manager. "He will lead ICVÆs efforts to continually improve the already stringent standards we adhere to in the corporate governance area."

Mahony has had a broad financial career since 1968 covering banking, institutional broking and fund management. Prior to joining ICV, he was a managing director with Investment Manager Selection, or IMS, where he was responsible for asset allocation for global institutional portfolios and research and monitoring of international fund managers with a bias towards Asia. Prior to IMS, he worked at Trust Company of the West and TCW Asia Limited, from 1996 to 1999 as its managing director, emerging markets equities and president of TCW Asia Limited, as well as chief investment officer of global emerging markets.

Among other positions he has held are director and chief investment officer for Latin America for Barings, managing the Baring Puma Latin American fund. He returned to Hong Kong in 1993 and joined HSBC as chief investment officer of global emerging markets and as a member of the global asset allocation committee.

Vietnam, of course, has been on investors' radar screens over the past few years. VietnamÆs economy grew by 8.5% in 2007 -- the third consecutive year of above 8% growth and the fastest pace since the 9.3% growth recorded back in 1996.
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