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Investment Team

Mark W Headley

Mark W. Headley

Chief Investment Officer and Chief Executive Officer »

Mark Headley is Chief Executive Officer, Chief Investment Officer and a Portfolio Manager at Matthews. Mark joined Matthews in 1995 and has been actively involved in the Asian markets since 1989. He was an original member of the team that launched the first SEC registered open-ended Asia (ex-Japan) fund. Mark received a B.A. in Economics and Politics from the University of California, Santa Cruz. Mark has been a Portfolio Manager of the Pacific Tiger Fund since 1996, of the China Fund since the Fund’s inception in 1998, of the Korea Fund since 1997, and of the Asian Technology Fund since the Fund’s inception in 1999.

Co-Manager
- Matthews Pacific Tiger Fund
- Matthews Asian Technology Fund
- Matthews China Fund
- Matthews Korea Fund


Andrew T. Foster

Andrew T. Foster

Acting Chief Investment Officer, Portfolio Manager

Andrew Foster is acting Chief Investment Officer and Portfolio Manager at Matthews. As acting Chief Investment Officer, Andrew oversees the firm’s investment process and investment professionals. Andrew first joined Matthews in 1998 as a Research Analyst and left the firm in 2001 to attend graduate school. Upon completion of his M.B.A. in 2002, Andrew returned to Matthews in 2003. Prior to Matthews, he worked as a management consultant with A.T. Kearney’s Financial Institutions Group in Singapore from 1996 to 1998. Andrew received an A.B. in Public Policy and a secondary degree in Economics from Stanford University and an M.B.A. from INSEAD in France. Andrew has been a Portfolio Manager of the Asian Growth and Income Fund since 2005, of the India Fund since the Fund’s inception in 2005, of the Asia Pacific Equity Income Fund since the Fund’s inception in 2006, and of the China Fund since 2008.

Lead Manager
- Matthews Asian Growth and
  Income Fund

- Matthews India Fund

Co-Manager
- Matthews Asia Pacific Equity
  Income Fund

- Matthews China Fund


Robert Horrocks

Robert J. Horrocks

Director of Research

Robert Horrocks is Director of Research at Matthews International Capital Management, LLC, where he sets the research agenda for the investment team and oversees the research process. Before joining Matthews in August 2008, Robert was Head of Research at Mirae Asset Management in Hong Kong. From 2003 to 2006, Robert served as Chief Investment Officer for Everbright Pramerica in China, establishing its quantitative investment process. He started his career as a Research Analyst with WI Carr Securities in Hong Kong before moving on to spend eight years working in several different Asian jurisdictions for Schroders, including stints as Country General Manager in Taiwan, Deputy Chief Investment Officer in Korea and Designated Chief Investment Officer in Shanghai. Robert earned his PhD in Chinese Economic History from Leeds University in the United Kingdom, and is fluent in Mandarin.


Richard Gao

Richard H. Gao

Portfolio Manager

Richard Gao joined Matthews in 1997 as a China Analyst and is currently a Portfolio Manager. He began his career at the Bank of China in 1989, first as a loan officer, then as a FOREX Trader in the Treasury Department. In 1993, he became Assistant Manager at the Bank of China, where he was in charge of FOREX trading for import/export companies. Richard received a B.A. in Literature from Guangdong University of Foreign Studies in China and an M.B.A. in International Business from the Dominican University of California. He is fluent in Mandarin, Cantonese and Shanghainese. Richard has been a Portfolio Manager of the Pacific Tiger Fund since 2006, and of the China Fund since 1999.

Lead Manager
- Matthews Pacific Tiger Fund
- Matthews China Fund


Michael B. Han, CFA

Michael B. Han, CFA

Portfolio Manager

Michael Han is a Portfolio Manager at Matthews. Prior to joining the firm in 2007, he was a buy-side Equity Analyst at Luxor Capital Group researching investment opportunities in Asian markets including Korea, Japan, Hong Kong and China. From 2002 to 2005, he was an Investment Manager at Crystal Investment Group, a private equity firm in Seoul, Korea. Michael started his career as a Consultant in the Seoul office of KPMG. Michael received a B.A. in Business from Yonsei University in Seoul, Korea and an M.B.A. from Columbia University. He is fluent in Korean. Michael has been a Portfolio Manager of the Korea Fund since 2008.

Co-Manager
- Matthews Korea Fund


Taizo Ishida

Taizo Ishida

Portfolio Manager

Taizo Ishida is a Portfolio Manager at Matthews. Prior to joining Matthews in 2006, Taizo spent six years on the global and international teams at Wellington Management Company as a Vice President and Portfolio Manager. From 1997 to 2000, he was a Senior Securities Analyst and a member of the international investment team at USAA Investment Management Company. From 1990 to 1997, he was a Principal and Senior Research Analyst at Sanford Bernstein & Co. Prior to beginning his investment career at Yamaichi International (America), Inc. as a Research Analyst in 1987, Taizo spent three years in Dhaka, Bangladesh as a Program Officer with the United Nations Development Program. Taizo received a B.A. in Social Science from International Christian University in Tokyo, Japan and an M.A. in International Relations from The City College of New York. He is fluent in Japanese. Taizo has been a Portfolio Manager of the Asia Pacific Fund since 2007, and of the Japan Fund since 2006.

Lead Manager
- Matthews Japan Fund
- Matthews Asia Pacific Fund


Noor Kamruddin

Noor Kamruddin

Portfolio Manager

Noor Kamruddin joined Matthews in May 2008 after four years at Wasatch Advisors, a firm with small-cap expertise, initially as a Senior Analyst and then as a Portfolio Manager. From 2002 to 2004, Noor was an Equities Analyst with Firsthand Capital Management, and before that held positions at Merrill Lynch and CIBC World Markets, where she began her investment career in 1999. From 1992 to 1998, Noor worked at several technology companies as a design engineer. She graduated with a B.S. in Computer Engineering from the University of Illinois at Urbana-Champaign and also holds an M.B.A. in Finance and Accounting from the University of Chicago. Noor is fluent in Hindi. Noor has been a Portfolio Manager of the Asia Small Companies Fund since the Fund’s inception in 2008.

Co-Manager
- Matthews Asia Small Companies
  Fund


Jesper Madsen, CFA

Portfolio Manager

Jesper Madsen, CFA, joined Matthews in 2004 and is currently a Portfolio Manager. Previously, he was an Analyst at Charter Equity Research and from 2002 to 2003, he worked with the Fixed Income group at Barclays Global Investors. Prior to that, Jesper was employed at Chemoil Corporation in oil-related sales. He has traveled extensively, including living and working in China. Jesper received a B.A. in Politics, Philosophy and Economics from the University of York in the United Kingdom. Jesper has been a Portfolio Manager of the Asia Pacific Equity Income Fund since the Fund’s inception in 2006.

Lead Manager
- Matthews Asia Pacific Equity Income Fund


G Paul Matthews

G. Paul Matthews

Chairman, Portfolio Manager

Paul Matthews founded Matthews in 1991 as an independent investment management firm focused exclusively on Asia. He currently serves as Chairman and Portfolio Manager. Paul began his investment career as a Portfolio Manager at G.T. Capital Management and held various positions over 10 years, including Managing Director, President and Director. He has been actively investing in the Asian markets since 1982 and was named Value Line Fund Manager of the Year for 2002. Paul received an M.A. in History and Law from Cambridge University. Paul has been a Portfolio Manager of the Asian Growth and Income Fund since the Fund’s inception in 1994.

Co-Manager
- Matthews Asian Growth and
  Income Fund


J. Michael Oh

J. Michael Oh

Portfolio Manager

Michael Oh is a Portfolio Manager at Matthews. Michael joined Matthews in 2000 as a Research Analyst and has built his investment career at the firm, arriving at his current role as Portfolio Manager in 2006. Michael received a B.A. in Political Economy of Industrial Societies from the University of California, Berkeley. He is fluent in Korean. Michael has been a Portfolio Manager of the Korea Fund since 2007, and of the Asian Technology Fund since 2006.

Lead Manager
- Matthews Asian Technology Fund
- Matthews Korea Fund


Sharat Shroff

Sharat Shroff, CFA

Portfolio Manager

Sharat Shroff, CFA, joined Matthews in 2005 and is currently a Portfolio Manager. Prior to joining Matthews as a Research Analyst, Sharat spent five years in the San Francisco office and seven months in the Hong Kong office of Morgan Stanley as an Equity Research Associate. Sharat received a Bachelor of Technology from the Institute of Technology in Varanasi, India and an M.B.A. from the Indian Institute of Management, in Calcutta, India. He is fluent in Hindi and Bengali. Sharat has been a Portfolio Manager of the Pacific Tiger Fund since 2008, of the Asia Pacific Fund since 2007, and of the India Fund since 2006.

Lead Manager
- Matthews Pacific Tiger Fund

Co-Manager
- Matthews India Fund
- Matthews Asia Pacific Fund


Lydia So

Lydia So

Portfolio Manager

Lydia So has been a member of the Matthews investment team since 2004. Prior to managing the Matthews Asia Small Companies Fund, she was responsible for analyzing the small companies of the Matthews Pacific Tiger Fund. Lydia is also Co-Manager of the Matthews Asian Technology Fund. Lydia worked at RCM Capital Management from 2001 to 2004, most recently as a Portfolio Associate. She began her investment career in 1999 at Kochis Fitz Wealth Management. Lydia received her B.A. in Economics from the University of California, Davis. She is fluent in Cantonese and conversational in Mandarin. Lydia has been a Portfolio Manager of the Asia Small Companies Fund since the Fund’s inception in 2008, and of the Asian Technology Fund since 2008.

Lead Manager
- Matthews Asia Small Companies
  Fund

Co-Manager
- Matthews Asian Technology Fund