– SINGAPORE / UK – AEC Education plc (AEC) is pleased to announce that with immediate effect, Munish Rao and Sabin Joshi have joined the board as non-executive directors having been appointed as nominees of Cinnovation Incorporated pursuant to the subscription agreement, details of which were announced on 3 December 2013.

Munish Rao, aged 33, has a degree in Commerce and Finance and a Masters in Business Administration. He started his career as a Research associate for Almondz Capital markets (2005 – 2006) before moving on to Oxus Investments as a Portfolio Analyst (2006 – 2008) and then Bahrain Investment Bank as an Investment Analyst (2008 – 2011). He then moved on to become a Manager in the Asset Management division of Capinnova Investment Bank (2011 – 2013) before Joining Cinnovation Group in 2013 as an Assistant General Manager

Sabin Joshi, aged 31, started his career with Standard Chartered Bank in Nepal (2004 – 2006) before moving on to found RB Joshi and Co, which managed equity funds. He then worked at Spandana Sphoorty Financial Limited as an Assistant Vice President (2009 – 2011). In 2011 he joined Chaudhary Group as a General Manager.

Liam Swords, Chairman commented: “We are delighted to welcome Sabin and Munish to the board of AEC. They bring a strong investment and analytical dimension to the Board that will be critical for the growth plans now being developed.”

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