Key Personnel

Ashok Jacob — Chairman & Chief Investment Officer (CIO)

Ashok Jacob has over 32 years investment experience and has served as a Director and as Chief Investment Officer of Ellerston since inception. Ashok has managed the global equity managers (GEMS) strategy that now forms part of Ellerston’s range of funds since 20023.

Ashok has held prominent positions including Chief Executive Officer of the Consolidated Press Holdings group and Managing Director of Thorney Holdings, then the investment arm for the Pratt Group.

Ashok is an experienced board member and current appointments include: MRF Ltd, Thorney Opportunities Ltd, Ellerston Global Investments and Ellerston Asian Investments. Previous directorships include Crown Ltd, Publishing and Broadcasting Ltd, Challenger Financial Group Ltd, Fleetwood Holdings Ltd, Ecorp Ltd, CPH Investment Group Ltd, Folkestone Ltd and Snack Foods Ltd. Ashok was also the Chairman of Hoyts Cinemas from 1999 until 2004.

Ashok holds an MBA from the Wharton School of the University of Pennsylvania (1984).

Chris Kourtis — Director & Portfolio Manager

Responsible for leading our investment team, Chris has served as a Director and Portfolio Manager of Ellerston since 2005, and has over 31 years investment experience.

Prior to joining the Manager Chris co-founded the Melbourne based Investment Management firm Portfolio Partners in 1994, where he held various positions including Director and Senior Investment Manager and was formerly the Head of Equities until January 2003. It was from that point that he gave up his role to conceive and focus on managing the highly successful Elite Opportunities Concentrated Australian Shares Fund.

Prior to Portfolio Partners, Chris worked as a Senior Portfolio Manager, Deputy Head of Equities and Head of Resources Strategy at County Natwest Australia Investment Management where he was responsible for the management of County’s largest specialist equity mandates.

Chris has a Bachelor of Commerce degree from the University of Melbourne and is a Senior Associate of the Financial Services Institute of Australia.

Brian O’Sullivan — Director & Chief Executive Officer (CEO)

Brian has more than 22 years experience and has served as a Director and Chief Executive Officer of Ellerston since 2008. Brian has extensive experience in funds management and operations, including senior roles with Everest Capital, Zurich Capital Markets Asia and BT Financial Group.

He is a qualified Chartered Accountant, an Associate of FINSIA and holds a Bachelor of Commerce (Accounting) from the University of New South Wales.

Michael Courtney — Portfolio Manager

Michael joined Ellerston in 2008 and has 20 years investment experience. He is currently the lead Portfolio Manager for the Small Companies strategy and prior to Ellerston, Michael spent five years with the Challenger Financial Services Group as Portfolio Manager, Small Companies.

3 Ellerston Capital was not established until 2004. Prior to that money was managed as part of Consolidated Press Holdings Group.