– UK, London – Weiss Korea Opportunity Fund Ltd. (LON: WKOF) today announced the appointment of Krishna Shanmuganathan to its Board as a Non-Executive Director, effective immediately.
“The Directors are delighted to welcome Krishna to the Board of the Company. His wealth of experience in varied roles, as well as his knowledge of investment trusts, will provide a fresh perspective on the Company. We look forward to his contribution as we continue to market the Company’s track record to a wider audience. Krishna’s appointment is part of the process of renewing the Board as we approach the tenth anniversary of the Company in 2023.” said Board Chairman, Norman Crighton.
Mr. Shanmuganathan will also join the Audit and the Management & Engagement Committees.
About Krishna Shanmuganathan
Krishna Shanmuganathan brings a wealth of experience to the Board of the Company and has been a Non-Executive Director of abrdn Asia Focus plc since June 2020. He founded Scylax Partners in 2016, a provider of specialist advisory services, and before that was a managing partner at Hakluyt & Company (Asia), a risk advisory company, having established and led the Asia Pacific offices of the firm, based in Singapore. Before that Krishna held research and analyst roles at Fidelity International and Cambridge Associates after a successful and varied career in the Foreign & Commonwealth Office. He holds several other non-executive appointments including being on the advisory board of Serendipity Capital, chairman of the trustees of St Jude India Child Care Centres UK, and a trustee of Solefield School Educational Trust.
Krishna Shanmuganathan said: “It is a great honour and privilege to be joining the Board of Weiss Korea Opportunity Fund. The Company offers a unique investment proposition in the market which has served current shareholders well since its inception in 2013. Weiss Asset Management remains one of the leading investment managers at discovering undervalued securities and with Korean preference shares currently priced at significant discounts, the opportunity remains very compelling. I’m looking forward to contributing to the Board’s robust oversight of the Company, ensuring it continues to deliver for shareholders.”
For more information: https://www.weisskoreaopportunityfund.com/
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