Management Team | Hamon Investment Group

Introduction

In accordance with its obligations pursuant to Directive 2014/91/EU of the European Parliament and of the Council (“the UCITS V Directive”), Hamon Ireland Limited (the “Company”) is required to have remuneration policies and practices for those categories of staff, including senior management, risk takers, control functions, and any employees receiving total remuneration that takes them into the same remuneration bracket as senior management and risk takers whose professional activities have a material impact on the risk profiles of the Company (“identified staff”), that are consistent with and promote sound and effective risk management and do not encourage risk-taking which is inconsistent with the risk profiles, rules or instruments of incorporation of the Company. Hamon Ireland Limited is a UCITS Management Company with no employees, other than the Board of Directors. Therefore, the Directors are the only identified staff of the Company. This remuneration policy addresses the remuneration requirements of the UCITS V Directive as they apply to the Company only. The requirements of the UCITS V Directive which apply to the Investment Manager, Hamon Asset Management Limited (the “Investment Manager”) are not addressed in this policy, pending the release of ESMA Level 2 Guidance on the UCITS V Directive (the “Guidance”). This policy will be updated, as appropriate, once the Guidance becomes available.

Non-Executive Directors

The Non-Executive members of the Board of Directors receive a fixed fee only and do not receive performance-based remuneration therefore avoiding a potential conflict of interest. The basic fee of a Non-Executive Board member is set at a level that is on par with the rest of the market and reflects the qualifications and contribution required in view of the Company’s complexity, the extent of the responsibilities and the number of board meetings. No pension contributions are payable on Non-Executive Board members’ fees. The Company’s accounts are audited by PwC who will ensure that the necessary disclosures are made in relation to remuneration in the annual audited accounts.

Annual Review

This remuneration policy (together with compliance herewith) will be subject to annual review. These reviews will ensure that:

the overall remuneration system operates as intended;

the remuneration pay-outs are appropriate;

the risk profile, objectives and goals of the Company are adequately reflected; and

the policy reflects available guidelines and regulatory requirements.

The Board will take appropriate measures to address any deficiencies.

Circumstances where action is required

Following a review of adherence to the Company’s remuneration policies and procedures, action may be required if remuneration levels do not adhere to the principles set out therein or is at a level which is unacceptable or gives rise to conflicts of interest. The action to be taken may include possible revision of the level of remuneration payable to the individual(s) concerned. The responsibility for determining action to be taken and for taking action on behalf of the Company lies with the Board.

Company Background	»
Management Team	▼
Hugh Simon	»
Edmond Wong	»

Investment Team	»

Hugh Simon

Chief Executive

Hugh Simon, Chief Executive, established Hamon Investment Group in 1989. Hugh has been responsible for building Hamon’s institutional client base with leading groups. Hugh has managed top performing relative and absolute return funds, and built up an experienced team of fund management professionals to help manage these assets.

Over the last few years, Hugh has focused Hamon’s fund management efforts on increasing its specialization Greater China and Asian emerging markets as well as broadening the firm’s institutional relationships.

Formerly the Managing Director and President respectively of Lazard’s Hong Kong and Japan offices and a director of Lazard Investors in London, Hugh was responsible for establishing Lazard’s offices in the Far East and was in charge of overall investment and marketing for the Asian region. Before joining Lazard in 1984, he worked for Schroders in London, Australia and Hong Kong for five years. He has over 30 years of experience in Asian regional investments.

Edmond Wong

Group Chief Operating Officer & Chief Financial Officer

Edmond Wong is the Group Chief Operating Officer & Chief Financial Officer and is responsible for the Group’s finance and accounting, fund administration, operational risk management, and company secretarial and regulatory compliance.

Edmond has over 20 years of experience in finance and risk control in the financial services industry and has worked for Chase Manhattan Bank (HK) and Indosuez W. I. Carr Securities (HK). In 1997, he joined Dresdner Bank AG Hong Kong Branch as the Head of Accounting and was subsequently appointed as the Head of Finance overseeing the financial management of Dresdner group’s asset management business, investment banking and corporate banking in Hong Kong. Prior to joining Hamon, he ran a high-technology venture with veteran partners and served as the Chief Financial Officer supervising the back office operations.

Edmond graduated from the Chinese University of Hong Kong with a Bachelor Degree of Business Administration and obtained his MBA from Warwick Business School of United Kingdom. He is a Fellow of Hong Kong Institute of Certified Public Accountants (FCPA), a Fellow of Association of Chartered Certified Accountants (FCCA), a Member of Hong Kong Institute of Chartered Secretaries (ACS) and a Member of Institute of Chartered Secretaries and Administrators (ACIS).

HAMON IRELAND LIMITED REMUNERATION POLICY

Introduction

Non-Executive Directors

Annual Review

Circumstances where action is required

HAMON IRELAND LIMITED
REMUNERATION POLICY