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Board of Directors

The Board of Directors of Watercrest Capital Pty Ltd. (the "Company") is composed of Josh Cui, Gwaihoi Wong, Ginlung Shi and Zengwa Chen with Mr Chen serving as Chairman. Mr Chen, along with all other members of the Board, is an independent director. The Board meets regularly throughout the year, at least on a quarterly basis, and maintains ongoing communication between meetings with the Investment Manager and the Company’s Administrator. Directors are provided with timely updates on investments and other critical matters relevant to the Company’s operations to ensure effective oversight and governance.

Investment Committee

The Investment Committee consists of Mr Cui and the independent Directors of the Company who are not affiliated with the Investment Manager. Mr Chen is the Chairman of the Investment Committee. The Investment Committee is responsible for formulating, overseeing, and guiding the implementation of the fund's investment strategy in alignment with its objectives and risk management framework. Its responsibilities include rigorously evaluating and approving potential investment opportunities, determining asset allocation policies, and continuously monitoring portfolio performance to ensure consistency with targeted returns and risk tolerance. The committee conducts comprehensive analyses of market dynamics, macroeconomic trends, and emerging risks to inform strategic decision-making while ensuring compliance with regulatory standards and the fund's investment mandate. By maintaining a disciplined and systematic approach, the Investment Committee safeguards capital, optimises returns, and upholds the interests of the stakeholders.

Remuneration Committee

The Remuneration Committee reviews the remuneration of the Company’s chairman and non-executive Directors and seeks to ensure that the Company maintains fair and appropriate remuneration policies and controls. The Remuneration Committee reports its recommendations to the Board.

Risk Committee

The Risk Committee, chaired by Mr Wong and comprising all Directors, is responsible for overseeing the Company’s risk management framework. Its mandate includes reviewing the Company’s risk profile in alignment with its investment and borrowing policies, identifying and assessing emerging risks, and ensuring the implementation of robust controls and reporting mechanisms to effectively monitor and manage key risks. The Committee conducts an annual evaluation of material risks, provides strategic recommendations to the Board on risk mitigation measures, and ensures the accuracy and compliance of all regulatory risk reporting prior to Board approval. This comprehensive approach reinforces the Company’s commitment to maintaining a resilient and sustainable operating environment.

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