people

An exceptional team committed to excellence across all our activities

As a truly global organization, Indus excels because of the very diversity we bring together, across geographies and international cultures.

Indus was established with the objective of creating a firm that could adapt and thrive in changing environments. In that spirit, Indus continues to nurture a partnership culture, fostering the infusion of new perspectives and talent.

investment team

BYRON GILL, San Francisco

Managing Partner / PM, Pan-Asia Long/Short Strategy

JOHN PINKEL, San Francisco

Partner / PM, Pan-Asia Long Only Strategy

HOWARD SMITH, San Francisco

Partner / PM, Indus Japan Strategies

Peter Boodell, New York

Partner / Research Analyst

Byron Gill is the Managing Partner and a founder of Indus Capital with responsibility for managing the Indus Pacific Opportunities Fund. Mr. Gill has been analyzing and investing in Asian equities for over 25 years, and managing the Pacific Opportunities Fund since inception. In June 2023, Mr. Gill was appointed as an Independent Director to the Board of Directors of Fujitsu Limited (TSE: 6702), where he currently serves on the Company’s Compensation Committee. Prior to starting Indus Capital, Mr. Gill headed Soros Fund Management's Tokyo office. Before this, Mr. Gill was a research analyst following Japanese retailers and consumer goods companies at Salomon Smith Barney (Japan) and at SBC Warburg (Japan) for six years.

Mr. Gill, a CFA charterholder, majored in Economics at Brandeis University where he graduated magna cum laude in 1991 and also spent a year at Keio University in Tokyo as a Rotary Scholar. Mr. Gill was born in Japan and is fluent in both spoken and written Japanese.

John D. Pinkel is a Partner of Indus Capital, based in San Francisco, and the Portfolio Manager of the Indus Select Strategy since its inception in 2009. Mr. Pinkel joined Indus Capital in March 2003. Since joining, he spearheaded many of the firm’s key investments in greater China. He joined from Citigroup where he was Managing Director and Head of Equities for Taiwan. Prior to that, he spent eight years as a securities analyst in Hong Kong, China and South Korea. In total, Mr. Pinkel lived and worked in Asia for 30 years.

Mr. Pinkel, a CFA charterholder, graduated from the University of California, Santa Barbara, with a BS in Applied Mathematics. He spent the academic year of 1990-1991 at the Stanford Center in Taipei (Inter-University Program for Chinese Language Studies). He is fluent in Mandarin Chinese.

Howard Smith is a Partner of Indus Capital, based in San Francisco. Mr. Smith is the portfolio manager for the Indus Japan Strategies. Mr. Smith has worked in the investment industry in Japan for over 30 years.

Mr. Smith joined Indus Capital in April 2002 from ING Barings where he worked in their Tokyo research department from 1997 to 2002 as a senior analyst.  Prior to ING, Mr. Smith was a macroeconomist and country analyst with regional specialization on North-east Asia for the Economist Intelligence Unit in London from 1993 to 1997. He began his career in 1990 at Nomura Research Institute in Tokyo where he was an editor/economist.

Mr. Smith, a CFA charterholder, earned his B.A. in Economics and Statistics at the University of York in the U.K. in 1988 and his MSc in Economics at Birkbeck College, at the University of London in the U.K. in 1996.  Mr. Smith is fluent in Japanese.

Peter Boodell is a Partner at Indus Capital and is a senior research analyst based in New York with generalist sector coverage. Prior to joining Indus Capital in 2015, Mr. Boodell was the managing partner and portfolio manager of Boodell & Co. Capital Management where he managed an Asia-focused long/short equity fund from 2010 to 2015. From 2005-2009 he was a partner and senior analyst at Eastern Advisors Capital Management, an Asia-dedicated hedge fund under the Tiger Management umbrella, analyzing Asian equities across sectors. Mr. Boodell began his career in 1995 at Jardine Fleming in Hong Kong in Emerging Market Program Trading and Equity Derivative Sales, where he worked to pioneer synthetic equity access products in India, Taiwan, and Korea. He moved to New York in 1997 with Robert Fleming Company to expand the Asia derivatives and program trading business. Mr. Boodell also worked for the office of the CEO of Chicago Public Schools as Director of Special Initiatives from 2002 – 2003. Mr. Boodell graduated with a B.A. cum laude from Princeton University in 1993, and obtained an MBA from the University of Chicago, Booth School of Business in 2005. He currently serves as Chairman of the Board of the Untermyer Gardens Conservancy.

Paul Chanin, San Francisco

Partner / Research Analyst

Karthik Chellappa, Hong Kong

Executive Director / Research Analyst

Ben De Somma, San Francisco

Partner / Head Of Research

Anh Do, New York

Partner / Senior Analyst

Paul Chanin is a Partner and research analyst at Indus Capital based in the San Francisco office.  Mr. Chanin joined Indus in May 2014.  He principally conducts analysis in Asia for the Pan-Asia Long Only Strategy. Prior to that he worked at Citi Group (formerly Salomon Smith Barney) for 13 years, starting in 2000, where he ran the Asia Pacific and Emerging Market quant teams. From 2002 he was a Managing Director in research for the Asia Pacific region.  Prior to that he was a member of their Asian equity Strategy team, focusing on North Asia. Mr. Chanin previously worked for Schroders Asia, and Natwest Asia, both in Hong Kong.  Mr. Chanin began his career at Barclays de Zoete Wedd in 1987, where he worked in London until 1992, before moving to Japan in 1992 to work in BZW’s Japanese research department. Mr. Chanin graduated from Exeter University with a BSc in Computer Science in 1987.

Karthik Chellappa is a research analyst based in the Indus Hong Kong Office. Karthik has been in the investment industry for over 15 years across both the sell side and buy side. Mr. Chellappa started his investment career on the sell side with Lehman Brothers in equity research covering Utilities across Asia Ex-Japan between 2006-2008. After a brief stint at Canyon Capital Advisors in Singapore in 2008 where he was covering Indian equities, he joined Buena Vista Fund Management in Hong Kong where he spent nearly 11 years covering Asian Ex-Japan spanning across sectors such as financials, autos, telecom, consumer, retail, internet, and logistics. In between his stints at Buena Vista Fund, Mr. Chellappa also spent 2 years between 2012-2014 at Saga Tree Capital Advisors, a start-up hedge fund, covering India and Southeast Asia.

Mr. Chellappa is a Chartered Accountant from India by profession and holds a Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad. He also holds professional qualifications from ACCA, London and CIMA, London.

Leonard (Ben) De Somma is a Partner of Indus Capital, based in San Francisco. He is also co-Head of the Shanghai office. Mr. De Somma has over 30 years of experience working in Asian financial markets, of which over 20 years have been on the buy-side.   Mr. De Somma was one of the original founding partners of Indus in 2000 and spent 12 years conducting corporate and sector research from Indus’s Hong Kong and San Francisco offices. After a three-year sabbatical, Mr. De Somma re-joined Indus in early 2016 to head its research efforts. Mr. De Somma actively works with the Firm’s analysts to help ensure the Indus funds have continual access to a variety of thoroughly analyzed, differentiated and idiosyncratic Asian stock ideas. Prior to Indus, Mr. De Somma was responsible for the Asia ex-Japan equity research efforts of Soros Fund Management.  Mr.  De Somma joined Soros in 1995 and helped establish Soros's Hong Kong office.  Prior to joining Soros, Mr. De Somma worked as a junior level investment banker for Lehman Brothers from 1990-1995, initially in New York and later in Hong Kong. Mr. De Somma graduated cum laude with a B.S. in Economics from Georgetown University in 1990.

Anh Do is a Partner of Indus Capital, based in New York. She is the Head of Pharmaceuticals and Biotech investment. Ms. Do was named 50 Leading Women in Hedge Funds 2020 by the Hedge Fund Journal in association with E&Y. Ms. Do is a member of Morgan Stanley's Women's Investment Roundtable and serves on the Board of Vietnam Finance Society. Ms. Do joined Indus after graduating from college in 2006. She grew up in Vietnam, studied A-levels in the UK and has a B.A. in Economics and Political Science from Bowdoin College.

David Fujisaki, Hong Kong

Partner / Senior Analyst

Takafumi Hara, Tokyo

Executive Director / Research Analyst

Kenichiro Kono, Tokyo

Executive Director / Research Analyst

Eric Koo, San Francisco

Partner / Research Analyst

David Fujisaki is a Partner of Indus Capital, where he serves as the Head of the Hong Kong office and a senior research analyst. He primarily researches North Asian companies with a focus on Japan, Korea, and Taiwan. Mr. Fujisaki joined Indus Capital in 2010 from Apiana Investments, where he was a partner and analyst for the Apiana Japan Long/Short Fund. Before joining Apiana in 2007, he was a senior analyst at FrontPoint Partners in Tokyo from 2005 to 2007 and American Century Investments in New York from 2002 to 2005.

Mr. Fujisaki earned a B.A. in Political Science and International Relations from Carleton College in 2001. Mr. Fujisaki is fluent in Japanese.

Takafumi Hara is a research analyst based in the Indus Tokyo office. Prior to joining Indus Capital in 2018, Mr. Hara spent six years at Goldman Sachs in Tokyo, most recently as a lead analyst in the Japan auto-parts sector, after having been a lead analyst in the precision equipment and electronic-component sectors. Mr. Hara began his career in 2009 with the financial strategy team at Citibank Japan, where he provided optimal capital structure advisory for corporate debt financing deals including M&A. Mr. Hara graduated from the University of Tokyo with a B.A. in Law. He is a native Japanese speaker.

Ken Kono is a research analyst based in the Indus Tokyo office. Prior to joining Indus Capital in 2018, Mr. Kono spent his entire career with the Bank of Japan and held several roles in the fields of monetary policy analysis, Basel III banking regulation and examination of domestic banks, and most recently conducting research of macroeconomic and financial-market conditions in Southeast Asia. At Indus, Mr. Kono tends to cover small- and mid-cap names in the information technology sector.

Mr. Kono, a CFA charterholder, earned a B.A. in Economics from Brandeis University in 2008 and an MBA from the University of Oxford in 2013 as a British Chevening Scholar. He is a native Japanese speaker.

Eric Koo is a Partner at Indus Capital, based in the San Francisco office, researching ideas in the Asia Pacific region, including Japan.  Prior to joining Indus in August 2016, Mr. Koo was a Senior Associate at TIAA-CREF in San Francisco for four years, analyzing investment opportunities in Global TMT and Consumer sectors.  Prior to that, he worked as an investment analyst in the investment management division of Goldman, Sachs in San Francisco from 2010 to 2012, where he led a team of three analysts.

Mr. Koo graduated from Santa Clara University in 2010 with a B.S. degree with honors in Accounting and Finance.  He is a Level 3 CFA candidate, and speaks Mandarin.

KJ Li, New York

Executive Director / Research Analyst

Akshay Mishra

Partner / Research Analyst

Marilyn Mo, Hong Kong

Partner / Research Analyst

Jimmie Newton, Hong Kong

Executive Director / Research Analyst

KJ Li is a research analyst based in the Indus New York office, as a generalist covering the Asia Pacific region. Mr. Li started his career at Indus Capital in 2015 as a performance and risk analyst, before transitioning to an investment research role in 2018.

Mr. Li earned a B.S. in Finance from Ohio State University in 2013 and a Masters in Finance from the University of Maryland in 2014. Mr. Li is a CFA charterholder, Certified Financial Risk Manager (FRM) and has earned a certificate in Sustainable Finance from the University of Cambridge Institute for Sustainability Leadership. He is a native speaker of Mandarin, Cantonese, and Hakka, and proficient in reading and writing Chinese.

Akshay Mishra is a Partner and a research analyst of Indus Capital whose primary research office is in San Francisco. Before joining Indus Capital in 2016, Mr. Mishra worked at UBS Investment Bank in London as a quantitative analyst from 2010 to 2014, working on portfolio strategies within rates and credit. From 2008 to 2009, he worked at Barclays Capital in Singapore as a graduate business analyst for Emerging Markets FX and money markets. At Indus, his primary focus is on companies in Japan, ASEAN, India and Australia with a particular emphasis on the semiconductor, precision equipment, IT services, transport and financial sectors. Mr. Mishra graduated from the Indian Institute of Technology in 2008 with a Bachelor of Technology (Hons.) in Mechanical Engineering and a Master of Technology in Thermal and Environmental Engineering.  He obtained his MSc in Finance and Economics from the London School of Economics and Political Science in 2010, and in 2016 he graduated with a Master of Financial Engineering from the Haas School of Business, University of California, Berkeley.

Marilyn Mo is a Partner of Indus Capital, based in the Indus Hong Kong research office contributing ideas to many of the funds, with a focus on Greater China stocks. She is also co-Head of the Shanghai office. She joined Indus Capital in 2006 and worked for the Indus Structured Finance Fund first for 5 years, sourcing, executing, and monitoring private equity investments in China. Prior to that, she worked at the Boston Consulting Group in Shanghai from 2001 through 2004, gaining experience on company operations, strategy, competitive dynamics and business execution.

Ms. Mo received a B.A. in Accounting and MSc in Economics from Tsinghua University in 2001 with first-class honor and an MBA from Harvard Business School in 2006. She is a Chinese national.

Jimmie Newton is a generalist analyst for Indus, based in the Indus Hong Kong office. Before joining Indus Capital in 2016, Mr. Newton worked at Ashmore Investment Management.  From 2014 to 2015, he was an equity research associate conducting macro and company research on Chinese equities.  Prior to this role, from 2012 to 2014, he was a marketing associate for the Ashmore equity team. Mr. Newton worked at Cambridge Associates in Arlington, Virginia from 2010 to 2012, primarily as an investment analyst.

Mr. Newton, a CFA charterholder, graduated with a B.A. in Economics from Radford University in 2010, and earned an MBA from Yale University in 2021.

Clive Wiggins, Tokyo

Managing Director / Research Analyst

Gill Yin, Hong Kong

Executive Director / Research Analyst

Clive Wiggins is a research analyst at Indus Capital and Head of the Firm’s Tokyo office. Mr. Wiggins covers companies in Japan and throughout Asia, primarily for the Indus Japan Strategies. Mr. Wiggins’ wide-ranging coverage focus has included the consumer, retail, automotive, industrial and property sectors, as well as stocks impacted by the decarbonization/energy transition theme. Prior to joining Indus Capital in 2020, Mr. Wiggins spent over 20 years in various sell-side and buy-side roles, analyzing equities with Codrington, BNP Paribas, Macquarie, Fidelity, Lehman Brothers and Commerzbank. He most recently served as the Director of Operations at the British School in Tokyo.

Mr. Wiggins earned a B.A. in History from the University of Nottingham in 1987 and an MBA from Heriot-Watt University in 1998. He is fluent in Japanese.

Gill Yin is a research analyst based in the Indus Hong Kong office. Ms. Yin focuses on greater China stocks in the TMT and consumer sectors. Prior to joining Indus Capital in 2018, Ms. Yin spent three years at Morgan Stanley as an analyst covering Taiwan and A-share technology companies. Ms. Yin started her career in 2012 at CLSA in Taipei, where she also covered Taiwan technology stocks. Ms. Yin graduated from National Taiwan University with a B.B.A. in Finance. She is a native Mandarin speaker.

business management team

Our experienced business managers lead their teams based on a shared vision of firm strategy, which allows our investment team to focus on performance.


Michael Conway, New York

Partner / Head Of Capital Markets

Zlata Gleason, New York

Partner / Head of Client Advisory

Jeffrey Hammond, New York

Principal / Head of Trading

Brian Lee, New York

Partner / Chief Risk Officer

Michael Conway is a Partner of Indus Capital, based in New York. He heads the Firm’s activities for Equity Capital Markets, and also holds the responsibility for managing the Firm’s overall relationships with its Investment bank/broker counterparties. Mr. Conway joined Indus Capital in 2013 after having spent many years in the International equity sales and trading business. His more recent history prior to joining Indus was spent representing both Chinese and Indian brokers looking to gain distribution footholds with the U.S institutional investor (2009 – 2013). The majority of Mr. Conway’s pre-Indus career was spent at Bear Stearns Inc., where from 1993 through 2008, based in both Hong Kong and New York, he ran their Asian sales and trading platform. He started his banking career at Smith Newcourt PLC in London in 1987 as a market-maker in Asian stocks, transferring to their Hong Kong office to run trading when the firm expanded its activities there (1989-1993).

Mr. Conway attended Wellington College in the U.K. 1977-1982. He currently serves as a Board trustee for the Big Brothers Big Sisters Charity of New York City.

Zlata Gleason is a Partner and Head of Client Advisory for Indus Capital, overseeing the Firm’s business development and client relation efforts. Prior to re-joining Indus Capital in September 2021, where she worked from 2011-2017, Ms. Gleason spent a few years in the Investor Relations Group at Lone Pine Capital and as a Director of Client Relations at Senator Investment Group. She started her career at Morgan Stanley and held roles in Prime Brokerage and Equity Derivatives departments in New York and London between 2003-2011. Ms. Gleason, a CFA charterholder, graduated from Wellesley College with a B.A. in Economics and German Language and Literature. She is a member of the board at Bosana Foundation and is fluent in Serbo-Croatian, Turkish, German, and conversational in Spanish.

Jeffrey Hammond is a Global Derivatives Trader for Indus Capital.  Mr. Hammond joined Indus Capital in November 2007. From 2004 to 2007, Mr. Hammond was a member of the event-driven and relative value trading team at Sowood Capital Management in Boston, MA.  Prior to that, he worked in the Fixed Income groups at Loomis, Sayles & Co., from 2002 to 2004, and State Street Bank & Trust Co. from 1999 to 2001.

Mr. Hammond earned his B.S. in Finance from Bentley University in 1999.

Brian Lee is a Partner at Indus Capital based in the New York office and is the firm’s Chief Risk Officer. Prior to joining Indus Capital in 2018, Mr. Lee spent four years at Blackstone Alternative Asset Management where he was a Managing Director.  While there, he was responsible for due diligence and monitoring of external hedge fund managers and created risk frameworks to model and understand the exposures of a large platform of hedge funds across multiple asset classes and strategies.  Before joining Blackstone, Mr. Lee was an equity analyst at Tremblant Capital, a global long/short equity fund.  Prior to Tremblant, Mr. Lee was also a Portfolio Manager at Hudson Bay Capital and an investment analyst in the Principal Strategies Group at Morgan Stanley.  He started his career at Salomon Smith Barney in corporate finance advisory.

Mr. Lee, a CFA charterholder, graduated from Princeton University with a B.S.E. in Civil Engineering and Operations Research.

Maggie Kadziolka, New York

Managing Director / Chief Compliance Officer

James Shannon, New York

Partner / Chief Executive Officer

James Weiner, New York

Partner / Chief Operating Officer & Chief Financial Officer

Maggie Kadziolka is a Managing Director based in the New York Office and is the firm’s Chief Compliance Officer.  Prior to joining Indus Capital in 2024, Ms. Kadziolka spent five years at Sand Grove Capital Management where she was the Chief Compliance Officer responsible for U.S. and global regulatory compliance.  Before joining Sand Grove, Ms. Kadziolka was the Chief Compliance Officer and General Counsel at Ivory Capital, a global long/short equity and long-only hedge fund manager.  Prior to joining Ivory in 2016, Ms. Kadziolka worked in Cordium’s compliance consulting division.  She began her career as an attorney in a law firm founded by former SEC attorneys. 

Ms. Kadziolka graduated cum laude from New York University with a B.A. in Political Science and French.  She also obtained her J.D. (magna cum laude) from New York Law School, where she was also a member of the Law Review.

James Shannon is a founding Partner and Chief Executive Officer primarily responsible for the management of all non-investment activities and is a central point of execution at the Firm. Prior to his role as Chief Executive Officer, Mr. Shannon served as the Chief Operating Officer from October 2012 to October 2020 and before that, as the head of the global trading team from December 2000 to October 2012. Mr. Shannon has over 25 years of experience in global equity and derivatives markets.

Prior to Indus Capital, Mr. Shannon was at Soros Fund Management (“SFM”) from 1996, initially as its head of real-time Asia ex-Japan Equity Trading and later with the added responsibility for the Japan Equity Desk. Before this, he headed International Equity Trading for Pension, Mutual Funds and Customer Accounts at GE Investments. He began his career in 1986 working in Trade Clearing and Customer Operations at Wagner Stott Clearing Corp.

Mr. Shannon currently serves on the Board of Trustees for St. John’s University. He is the Chair of the Investment Committee and a member of the Executive & Strategy, Advancement, and DE&I Committees. Additionally, Mr. Shannon is an Investment Committee member on the Congregation of the Mission endowment of the Vincentian Order.  Previously, Mr. Shannon served on the School Board of Archbishop Molloy High School; holding the roles of Chair of the Investment Committee and Board Chair.

Mr. Shannon earned a B.S. in Finance from St. John’s University in 1987.

James Weiner is a Partner, Chief Operating Officer, and Chief Financial Officer of Indus Capital. With the combination of these roles, Mr. Weiner has a well-integrated view of Indus’s Operations and Finance activities. Mr. Weiner oversees fund and corporate accounting, trade operations and tax, as well as supporting various strategic initiatives. Prior to joining Indus Capital in 2005, Mr. Weiner was a Vice President at BlackRock, Inc, a publicly-traded investment advisor, where he was responsible for their SEC reporting, accounting policy and support of M&A initiatives and new investment products. Mr. Weiner began his career at Ernst & Young in its asset management practice, focusing on publicly traded investment managers, private equity funds and hedge funds.

Mr. Weiner graduated magna cum laude from Binghamton University in 1997.

business team

Eric Ashrafov, New York

Associate / Accounting & Finance

Isabel Borish, New York

Managing Director / Client Advisory

Nicholas Brennan, New York

Vice President / Facilities

Madeline Burleson

Associate / Administration

Eric Ashrafov is a Corporate Accountant based in the New York office. Before joining Indus Capital in 2022, he worked as an accounts payable and receivable specialist at Lafayette 148 New York. Mr. Ashrafov holds a B.S in Accounting and Finance from Brooklyn College. He is proficient in Uzbek and Tajik.

Isabel Borish is a Managing Director at Indus Capital Partners working on the Client Advisory team. Prior to joining Indus, she worked on the Business Development and Investor Relations team for AB Arya Partners, responsible for maintaining existing investor relationships and developing and implementing comprehensive internal and external marketing plans. She joined AB in 2018 after working as an analyst on the Client Partnership team at Crestline Investors, where she helped build out the firm's multi-manager platform and strengthen its relationships with institutional investors. Prior to Crestline she worked at S&P Capital IQ, where she was an account manager. She holds a BA in International Studies from the University of Michigan where she graduated with distinction.

Nicholas Brennan is a Vice President and Facilities Manager overseeing facilities projects and assisting with HR and administrative tasks based in the New York Office.  Mr. Brennan joined Indus in 2005. Prior to joining Indus, he worked in the claims department for AXA Liabilities Managers. Mr. Brennan graduated from The College of Staten Island with a BA in Political Science.

Madeline Burleson is an Administrative Assistant based in the New York office. She joined Indus Capital in 2024. Prior to joining Indus, Ms. Burleson worked as an Associate Project Manager and Roadshow Coordinator at a global brand and marketing agency in the financial sector. Ms. Burleson graduated from the University of Texas at Austin in 2017 with a B.S. in Sport Management.

Allie Coglitore, New York

Vice President / Accounting & Finance

Frank Conte, New York

Executive Director / Accounting & Finance

Peter Guyton, New York

Executive Director / Risk

Saemee Hwang, New York

Principal / Human Resources

Allie Coglitore is a Vice President and Senior Corporate Accountant on the Management Accounting team based in the New York Office. Ms. Coglitore joined Indus Capital in 2010. Prior to joining Indus, she worked at Pali Capital as a Corporate Accountant. Before Pali Capital, she worked as a Staff Accountant at a Mortgage Company. Ms. Coglitore graduated from Moscow University of Finances and Economics with a Master’s degree.

Frank Conte is an Executive Director on the Fund Accounting team based in the New York office.  Before joining Indus Capital in 2008, Mr. Conte worked at JP Morgan Hedge Fund Services as a supervisor in the Cash Management group. Prior to this, he worked as an associate manager at Globeop Financial Services in the operations group.  

Mr. Conte graduated from Iona University with a BA in Finance and holds an MBA in Finance from Fordham University.

Peter Guyton is an Executive Director on the risk team based in the New York office. Before joining Indus Capital in 2018, Mr. Guyton worked at Morgan Stanley Investment Management as a portfolio analyst, covering North American and Asian mutual funds, as well as Emerging Markets. Prior to this, he was an investment consultant covering fixed income and hedge fund clients at FactSet Research Systems. He began his career as an investment analyst at Cambridge Associates based in Arlington, VA.
 
Mr. Guyton graduated from Elon University with a BSBA in Finance in 2011.

Saemee Hwang is Director of Human Resources and based in the Indus New York office. Prior to re-joining Indus Capital in 2018, Ms. Hwang spent two years at Hoplite Capital Management as Director of Human Resources. Ms. Hwang previously oversaw the Human Resources function at Indus Capital after initially joining the Firm in 2013. Prior to her career at Indus Capital, Ms. Hwang served as a Human Resource generalist at Cohen & Steers Capital Management and Ambrose Employer Group.

Ms. Hwang has earned a B.A. in Sociology from George Washington University and an M.S. in Human Resources Management and Development from New York University. She is proficient in Korean.

Suna Hwang, New York

Associate / Accounting & Finance

Joy Kim, San Francisco

Associate / Administration

Harumi Kumagai, Tokyo

Vice President / Administration

Patrick McCurdy, New York

Managing Director / Client Advisory

Suna Hwang is a tax associate based in the New York office, responsible for tax compliance and planning. Prior to Indus, Suna most recently worked as a tax senior in Global Reporting and Compliance group at Ernst & Young, experienced in tax compliance for global private equity/hedge funds. Ms. Hwang received her BBA in Finance and MS in Accounting from Zicklin School of Business at Baruch.

Joy Kim is an Administrative Assistant based in the San Francisco office. She joined Indus Capital in 2022. Ms. Kim graduated from the University of San Francisco in 2018 with a B.A. in Art History with a concentration on Asian Art and Culture. She is proficient in Korean.

Harumi Kumagai is a Research Assistant and Office Manager based in the Tokyo office. Ms. Kumagai joined Indus Capital in 2005. Prior to Indus, she was working at ING Baring Securities from 1988 to 1999 and Nikko Citigroup Securities from 1999 to 2005. Ms. Kumagai graduated from Toyo University with a B.A. in Education.

Patrick McCurdy is a Managing Director at Indus Capital Partners, a dedicated Asia Pacific equities investment manager. As a member of their Client Advisory Group, Patrick is responsible for new business development and client coverage in North America and globally. Patrick was previously a Managing Director and Head of Capital Consulting at Wells Fargo. Patrick managed the day-to-day operations of the Wells Fargo Capital Introduction team, which consulted hedge fund managers on their capital raising mandates and liaised with institutional investor relationships on behalf of the Firm. Prior to this role, Patrick served as a Partner and Head of Capital Development for Merlin Securities. Merlin was acquired by Wells Fargo in August of 2012 to create Wells Fargo Prime Services. Patrick began his career at Morgan Stanley where he spent seven years working in their Prime Brokerage Department. As a member of Morgan Stanley’s Capital Introductions team, Patrick managed relationships for more than 150 managers and investors and developed a proprietary network of global investors.

Justin Mercer, New York

Managing Director / Accounting & Finance

John Mulhern, Hong Kong

Executive Director / Trader

Angel Ng, Hong Kong

Associate / Administration

Rebecca Nussbaum, New York

Associate / Client Advisory

Justin Mercer is a Managing Director and Senior Fund Accountant on the Fund Accounting team based in the New York office.  Before joining Indus Capital in 2013, Mr. Mercer worked at Citibank Hedge Fund Services as a Vice President in the fund accounting/middle office as an administrator, overseeing hedge fund and private equity clients. Prior to this, he was a fund accountant that worked as a hedge fund administrator for Bisys Hedge Fund Services.

Mr. Mercer graduated from University of Delaware with a BA in Finance and holds an MBA with a concentration in accounting from Montclair State University. Mr. Mercer holds an active CPA license for the State of New Jersey.

John Mulhern is an Executive Director and Senior Trader in the Hong Kong office, where he is also an SFC Responsible Officer since 2022.  Mr. Mulhern joined Indus Capital in June 2007 and has experience in various aspects of the business, initially as a member of the Compliance team followed by two and a half years in Operations.  Mr. Mulhern joined the Trading Desk in February 2011 with a focus on global equity, currency and derivative markets. In January 2019, he moved to Hong Kong to build out Indus Capital’s Asia-based trading desk.

John Mulhern, a CFA charterholder, earned his B.A. from Columbia University in 2007.

Angel Ng is the Office Manager to the Hong Kong office and serves as compliance support to the New York office. She joined Indus Capital in 2020 as an Administrative Assistant. Prior joining Indus, Angel worked in a business development team in a global architectural and interior design firm. Ms. Ng graduated from the University of Birmingham with a Master’s in International Marketing.

Rebecca Nussbaum is an Associate on the Client Advisory team and is based in the New York Office, where she is primarily responsible for investor communications, presentations and reports. Prior to joining Indus Capital in 2023, Ms. Nussbaum was a Risk and Financial Advisory Consultant at Deloitte, where she performed compliance assessments for financial services companies and helped to mitigate regulatory risk by implementing controls and improving company policies and procedures.

Ms. Nussbaum graduated with honors from Binghamton University's School of Management in May 2020 with a B.S. in Business Administration and concentrations in Finance and Marketing.

Kevin Pan, New York

Vice President / Technology

Matthew Rossi, New York

Vice President / Accounting & Finance

Bianca Sehgal, New York

Associate / Administration

Alona Strait, New York

Principal / Accounting & Finance

Kevin Pan is a Vice President and Head of Infrastructure based in the New York office. Prior to joining Indus in 2005, Mr. Pan worked as a Field Support Engineer for RFA. Mr. Pan holds a B.S. in Computer Science from New York University-Polytechnic School of Engineering. He is a native speaker of Mandarin and Cantonese.

Matt Rossi is a Vice President on the Fund Accounting team based in the New York office performing fund accounting, operations, trade settlements, and corporate actions.  He began his career in the industry working for Gemini Fund Services in 2014 and left as a Senior Fund Accountant/Senior Corporate Action and Pricing Specialist for funds totaling an AUM of $70 billion. He joined Indus Capital in 2018. 

Mr. Rossi graduated from SUNY New Paltz with a B.S. in Accounting.

Bianca Sehgal is a Receptionist based in the New York office. She joined Indus in 2022. Prior to Indus, Bianca taught Elementary and Special Education in New Jersey for 6 years where she held leadership positions in curriculum development. Ms. Sehgal graduated from Seton Hall University in 2017 with a B.S. in Education.

Alona Strait is a Principal and Fund Controller at Indus Capital overseeing a team performing fund accounting, operations, and trade settlements based in the New York office. She began her career in this industry working for BNY Mellon Bank in 1999 as a Fund Administrator performing accounting and operations services to various hedge funds. She left the bank as a manager and joined Indus Capital in 2005 as Assistant Controller.

Ms. Strait earned an Accounting degree from Kiev Industrial Pedagogical College in Ukraine in 1998. After moving to the U.S. in 1999, she earned a B.S. in Computer Science from Brooklyn College and a M.S. in Investment Management from Pace University.

Charlie Sun, New York

Managing Director / Risk

Kaitlin Tsai, New York

Associate / Client Advisory

Jordan Warren, New York

Executive Director / Client Advisory

Emma Yuan, Hong Kong

Associate / Trader

Charlie Sun is a Managing Director on the risk team based in the New York office. Prior to joining Indus Capital in 2019, Charlie Sun was a risk analyst at Soroban Capital, responsible for portfolio risk management, risk reporting and analytical development. Before joining Soroban, Mr. Sun was a vice president and quantitative risk analyst at Saba Capital from 2014 to 2016, covering a wide variety of credit and derivative instruments and strategies. Prior to Saba, Mr. Sun worked at the Market Risk Division of Morgan Stanley, where he served as a risk manager of the structured credit group and later of the wealth management business. Mr. Sun began his career as a quantitative developer at Barclays Capital.
 
He holds a M.S. in Financial Engineering from the University of Michigan – Ann Arbor, and a B.Sc. in Computer Science and Applied Mathematics from the University of Toronto. Mr. Sun is a CFA charter holder and a GARP certified Financial Risk Manager (FRM).

Kaitlin Tsai is an Associate on the Client Advisory team and is based in the New York office. Prior to joining Indus Capital in 2022, Ms. Tsai was an Investor Relations Associate at The Blueshirt Group, an outsourced IR firm servicing the financial industry. During her time in this role, Ms. Tsai took ownership of multiple client accounts assisting with market research, marketing collateral, and CRM maintenance. Before that, Ms. Tsai was an entrepreneur as co-Founder of Hang Technologies. Hang was a social-planning app which combined plan-making features with a real-time social network to help groups get together more efficiently.

Ms. Tsai graduated with honors from Boston University’s Questrom School of Business with a B.S. in Business Administration and Management, with a concentration in Management Information Systems.  Prior to moving to the United States for university, she lived in Shanghai, China for 12 years. Ms. Tsai is proficient in Mandarin Chinese.

Jordan Warren is an Executive Director at Indus Capital Partners on the Client Advisory Group based in the New York office. Prior to joining Indus Capital in 2018, Mr. Warren worked for Nomura from 2011 conducting investment due diligence on alternative investment managers on behalf of Japan-based retail, high-net-worth and institutional clients. From 2008 through 2011, Mr. Warren held research analyst roles at Octane Research and Spruce Private Investors. Prior to this, he was a hedge fund risk analyst at JPMorgan from 2005. Mr. Warren began his career in 2001 at Bloomberg L.P. providing functional support to global product users. Mr. Warren, a CAIA charterholder, graduated with honors from University at Albany with a B.S. in Business Administration with a concentration in Marketing and Management Information Systems.

Emma Yuan is a Trader in the Hong Kong office, where she covers APAC equities, derivatives and FX trading.  Prior to joining Indus Capital in April 2024, Ms. Yuan was an execution trader at Torq Management Capital.  During her role at Torq, she covered multiple portfolio managers across APAC focusing on long/short market neutral strategies.  Previously, Ms. Yuan also held roles at Oppenheimer and Natixis.

Ms. Yuan earned a BSc in Financial Engineering from Sichuan University and an MSc in Statistics from the University of Hong Kong in 2020.  She is a native speaker of Mandarin.

Gabriela Zanforlin, San Francisco

Vice President / Administration

Julia Zhou, New York

Principal / Accounting & Finance

Anna Zinder, New York

Principal / Accounting & Finance

Gabriela Zanforlin is a Vice President and the Director of Administration for Indus Capital, based in the San Francisco office. She joined Indus Capital in 2015 as an Administrative Assistant. Ms. Zanforlin graduated from the University of California, Berkeley in 2015 with a B.A. in German Studies.

Julia Zhou is the Director of Finance and Taxation of Indus Capital. She is based in the New York office and primarily responsible for tax planning and compliance. Ms. Zhou joined Indus Capital in January 2010 from Macquarie Holding USA Inc., where she was the head of North America tax compliance team. Before that, she worked at Safra Bank of New York, Goldman Sachs and Ernst & Young.

Ms. Zhou graduated from the Lindenwood University MBA program in 1991.  She is a CPA and a CFA charterholder.

Anna Zinder is a Global Controller in the firm’s New York office. She joined Indus Capital in March of 2006 from McKinsey and Company where she was responsible for overseeing monthly accounting closes for $2.6 billion of internally-managed hedge funds.  Prior to McKinsey, Ms. Zinder spent three years as an Assistant Controller with the Carlyle Group focusing on CDOs as well as private equity investments.  Ms. Zinder, a CPA, began her career in the investment management practice of PricewaterhouseCoopers with the concentration in the Alternative Investment products.

Ms. Zinder graduated Magna Cum Laude with a B.S. in Accounting and Finance from the Stern School of Business, New York University in 1997.

diversity and inclusion

As a truly global organization, Indus excels because of the very diversity we bring together, across geographies and international cultures. Understanding regional context is a lens we apply not only in our investment process, but to our people as well. We are dedicated to the importance of human capital in the equation of investment management: from respecting the variety of our backgrounds to creating equal opportunities to leverage the advantages of cognitive diversity.

** Indus Capital Partners are proud signatories of CFA Institute's DEI Code.

career
opportunities

Professional development is a hallmark of our history as a firm, and our success begins with the hiring of talented, skilled individuals who can contribute to our bottom line and help us cultivate an unwavering commitment to serving our clients.

Specific current job opportunities may be highlighted from time to time on this page. Additionally, if you wish to contact Indus to explore potential career opportunities, please feel free to send an email to careers@induscap.com.