DR EMMANUEL CLIVE POHL, Managing Director and Investment Committee Chairman
Pr Eng, BSc (Eng), MBA, DBA, FAICD, MSDIA, SA Fin

Dr Emmanuel 'Manny' Pohl joined Hyperion Asset Management in 1996, and is currently the Managing Director.

Manny has been on the board of a number of major corporations in South Africa and Australia. He has over 20 years of investment experience, initially with a leading South African broking firm, followed by a large Australian investment house.

In 1991, Manny was a member of the South African delegation to the Annual Meeting of the Board of Governors of the World Bank and the International Monetary Fund in Bangkok. He was a member of the South African Accounting Practices Board, until he left South Africa in 1994. Manny is Managing Director and a substantial shareholder in Hyperion Flagship Investments Limited and Hyperion Asset Management Limited, a Director of Global Masters Fund Limited and former Director of the Great Barrier Reef Research Foundation.

MARK ARNOLD, Chief Investment Officer and Senior Portfolio Manager
CFA, B.Com, LLB, CA, F Fin

Mark Arnold, a CFA charterholder, is a Senior Manager within Hyperion Asset Management. Over the past six years, Mark has played an integral role in the design and refinement of Hyperion’s investment process.

Mark is a qualified chartered accountant and has 15 years experience researching Australian listed companies. Prior to establishing himself in the investment industry, Mark worked for KPMG. He holds undergraduate qualifications in commerce and law.

Mark worked for Wilson HTM Ltd for the period 1996 to 2000 as a banking and insurance analyst. In 1997 he was a key analyst involved in analysing the Suncorp Metway merger. In 1998, Mark was appointed Head of Industrial Research and shareholder of Wilson HTM Ltd. In the same year, he also commenced work as a part-time Fund Manager for Hyperion, managing a group of discretionary mandates. Mark accepted a full time position with Hyperion in 2000. Mark is a substantial shareholder in Hyperion Asset Management.

JOEL GRAY, Senior Portfolio Manager
CFA, B.EC, F Fin

Joel has over 10 years experience in the investment management industry.

Prior to joining Hyperion Asset Management in 2001, Joel worked for three years as an Industrial Research Analyst focusing on the consumer discretionary sector for Wilson HTM. Previous to Wilson HTM, Joel worked as an Investment Analyst/Assistant Fund Manager for three years with a Melbourne based fund manager.

Joel is a CFA charterholder and is a shareholder of Hyperion Asset Management.

JUSTIN WOERNER, Portfolio Manager
CFA, B.Com

Justin, a CFA charterholder, joined Hyperion Asset Management in August 2004 as an Assistant Fund Manager.

Justin gained four years of industry experience as a Fund Manager Analyst with a Melbourne based research house. This role involved him reviewing and rating a wide array of investment processes offered by some of the country's best-known fund management companies.

Prior to this, Justin was employed with Macquarie Bank Limited within its Financial Services Group.