EMAC appoints Jamie Rhodes to Board of Directors
13 July 2007
13 July 2007, London – Emerging Markets Advisory Corporation Group (‘EMAC’), the alternative asset manager focused on opportunities in Central & Eastern Europe, announced today that it has strengthened its team with the appointment of Jamie Rhodes to its Board of Directors. Jamie is currently an Investment Manager at LMS Capital, the investment company which was formerly part of Derwent London, the leading London real estate company. He is involved in LMS Capital’s UK direct investment portfolio, as well as being responsible for its UK, European and US quoted share portfolio. LMS Capital is a shareholder in EMAC and a cornerstone investor in the EMAC Illyrian Land Fund 2.
Jamie has extensive operational and entrepreneurial experience having seed funded, managed and exited three successive ventures, including an award-winning restaurant in London and a chain of sandwich bars in the North of England. He also currently sits on the Board of Moscowbased Prime Foods Limited. Jamie has a degree from Buckingham University and diplomas from the Sorbonne and L’Institute Britannique in Paris.
Matthew Gilpin, Group Chief Executive of EMAC, commented:
“Jamie is a key addition to our Board of Directors, bringing us a wealth of operational and entrepreneurial expertise. In additional, his considerable investment experience, across a wide range of sectors, will be invaluable to EMAC as we continue to grow our funds under management and build-up our investment portfolio across South Eastern Europe.” EMAC recently announced the admission of its two funds, EMAC Illyrian Land Fund 1 (ILF1) and EMAC Illyrian Land Fund 2 (ILF2), to the Channel Islands Stock Exchange. The funds are focused on real estate investment opportunities in a number of key markets in South Eastern Europe including Croatia, Serbia, Romania and Georgia.
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About EMAC
Emerging Markets Advisory Corporation Ltd (EMAC) focuses on the unique opportunities for investment in South Eastern Europe, Eastern Europe and Transcaucasia. Founded and staffed by regional, investment banking and commercial specialists, EMAC offers a combination of intimate market understanding, regional transaction experience, and an unrivalled network of contacts.
EMAC's wholly owned subsidiary, EMAC Capital Ltd is authorised and regulated by the Financial Services Authority and the asset management company, EMAC Management Ltd is regulated by the Jersey Financial Services Commission.
EMAC is 20% owned by a fund managed by Cheyne Capital Management Ltd, a London-based independent asset manager which is part of the Cheyne Capital Group. A further 10% is owned by LMS Capital, the recently de-merged venture capital division of London Merchant Securities plc, the FTSE 250 real estate company.