Executive Directors

  • Mr. Yury Makarov (Chief Executive Officer)

    • Mr Makarov is the Chief Executive Officer and Executive Director of IRC. He began his career at NT Computers as an engineer, and later Commercial Director, with responsibility for sales, service and support. In 2002, he joined Aricom as COO and subsequently Petropavlovsk as the Group Head of Industrial Commodity Operations, before taking up his current role at IRC in 2010. Mr Makarov is a qualified systems engineer with a degree in avionics design and production from the Moscow State Aircraft Technology Institute.

Non-Executive Director

  • Peter Charles Percival Hambro

    • Mr Hambro is the Non-Executive Director of IRC. He was an Executive Director and the Chairman of Petropavlovsk PLC for 23 years until June 2017. Mr Hambro was a Director of a number of public companies listed on the London Stock Exchange from 1973 to 2017 and has spent almost 40 years in the metals business. He was the Deputy Managing Director of London-based bullion trader, Mocatta and Goldsmid Limited, and served on the Mocatta Group Executive Committee. He is the Chairman of Peter Hambro Limited and founded Peter Hambro Mining PLC, now renamed Petropavlovsk PLC, with Dr Pavel Maslovskiy. Mr Hambro is also a Director of a number of unlisted family companies.

  • Mr. Danila Kotlyarov

    • Mr Kotlyarov was re-designated as a Non-Executive Director of IRC on 1 February 2020. Before being re-designated as Non-Executive Director, he was the Chief Financial Officer and Executive Director of IRC. Mr Kotlyarov joined the Group in 2005 responsible over Russian and China operations, and was promoted to Deputy CEO in 2010 and re-designated as CFO in January 2016. Before joining IRC, he gained extensive financial management work experience in various international companies. He holds a BA in Management from Moscow State University and a MA in International Economics from the Moscow State Institute of International Relations (MGIMO). He is a fellow member of the Association of Chartered Certified Accountants (ACCA), Chartered Financial Analyst (CFA), member of Hong Kong and Russia Associations of Financial Analysts.

Independent Non-Executive Directors

  • Mr. Daniel Rochfort Bradshaw (Chairman of the Board)

    • Mr Bradshaw is the Chairman, Senior Independent Non-Executive Director, Chairman of the Health, Safety and Environment Committee and also Chairman of the Nomination Committee of IRC. He worked for most of his career as a solicitor and resigned from Mayer Brown in Hong Kong in March 2019. Mr Bradshaw holds an LLB and LLM in Law. He is a Director of the Kadoorie Farm & Botanic Garden Corporation, an Independent Non-Executive Director of GasLog MLP, and a member of the Executive Council of the World Wide Fund for Nature Hong Kong.

  • Mr. J.E. Martin Smith

    • Mr Smith is an Independent Non-Executive Director and Chairman of the Remuneration Committee. He is a partner of the specialist mining advisory firm Legacy Hill Capital. He was the founder of London based Smith’s Corporate Advisory, which he sold to UK stockbroker Westhouse Holdings in 2010, where he subsequently headed the mining practice. Prior to establishing his own firm, he worked at UBS, Credit Suisse and Williams de Broe. He is a graduate from the Royal Military Academy Sandhurst where he served as an officer in the Welsh Guards until 1982. In January 2019, he became an independent Non-Executive Director and Chairman of the Audit Committee of VI Mining plc.

  • Mr. Martin Joseph Davison

    • Mr Davison is an Independent Non-Executive Director of IRC. He qualified as a barrister before becoming a corporate financier focusing on natural resources. He has extensive experience in corporate finance, debt and equity fundraising, initial public offerings and merger and acquisition mandates. Mr Davison is currently a director of HPD Software Limited, a provider of asset-based lending and factoring software to lenders globally. He was a managing director of Canaccord Genuity Limited, an investment banking and financial services company which specialises in wealth management and brokerage in capital markets where he worked from November 2015 until May 2019. Prior to joining Canaccord Genuity Limited, Mr Davison worked as a corporate finance advisor at Westhouse Securities (now part of the Shore Capital Group) from April 2005 to October 2015.

  • Mr. Chuang-fei Li

    • Mr Li is an Independent Non-Executive Director and Chairman of the Audit Committee. Mr Li worked for Bank of China in London as the Deputy General Manager and the Chief Lending Officer with wide responsibilities, including investment and corporate banking, treasury and capital markets, financial institutions coverage, structured finance, aircraft and shipping finance, syndications, retail banking and auditing. Mr Li is a past Fellow of the Asia Centre at Harvard University.

  • Mr. Raymond Kar Tung Woo

    • Mr Woo was re-designated as an Independent Non-Executive Director of IRC on 5 January 2018. Mr Woo began his career at Arthur Andersen, then an investment banker at ING, CITIC Securities and Credit Suisse. He holds a Bachelor of Commerce from The University of New South Wales and is a member of the Australian Society of Certified Practising Accountants and a fellow of the HKICPA. He is an Independent Non-Executive Director of Yuanda China and SMIT Holdings. Before being re-designated as Non-Executive Director on 25 March 2015 and then as Independent Non-Executive Director on 5 January 2018, he was the Executive Director, CFO and Company Secretary of IRC.

Company Secretary

  • Mr Johnny Shiu Cheong Yuen

    • Mr Yuen is the Interim Chief Financial Officer, Company Secretary, Authorised Representative of the Company. Mr Yuen began his career in KPMG and has over 20 years of financial management, accounting, auditing and administration experiences, including working in various senior positions of listed companies in Hong Kong. He is a fellow member of the HKICPA and the ACCA. He holds a MBA from the Manchester Business School of University of Manchester.