Investment Case

A Clear strategy for Growth

IRC is a vertically integrated
producer of industrial
commodities, notably...

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Directors & Management

IRC is proud to have a corporate structure and Board of Directors that functions to best international practice.

Board of directors

Emeritus Director

Members of the
Executive Committee

Executive Directors Independent Non-Executive Directors Non-Executive Directors

Mr. Yury Makarov

Mr. Danila Kotlyarov

Mr. Daniel Rochfort Bradshaw

Mr. Jonathan Martin Smith

Mr. Chuang-fei Li

Mr. Simon Murray

Mr. Raymond Woo

Mr. Jay Hambro

Mr. Peter Hambro

Mr. Patrick Chi Kin Cheng

Dr Pavel Maslovskiy

 

 

 

 

Mr. Yury Makarov

Mr. Danila Kotlyarov

Mr. Johnny Yuen







Executive Directors

Yury Makarov - Chief Executive Officer

Mr Yury Makarov is the Chief Executive Officer and Executive Director of IRC. He is also the Chairman of the Operations Committee. He began his career at NT Computers as an engineer. In 2002 he joined Aricom as COO and moved to Petropavlovsk as the Group Head of Operations of the industrial commodities business before taking up his new role at IRC in 2010.

Mr Makarov had served as a Commercial Director of NT Computers in Moscow with responsibility for sales, service and support. Mr Makarov is a qualified systems engineer with a degree in avionics design and production from the Moscow State Aircraft Technology Institute.

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Danila Kotlyarov - Chief Financial Officer

Mr Danila Kotlyarov is the Chief Financial Officer and Executive Director. Mr Kotlyarov joined the Group in 2005 responsible over Russian and China operations, and was promoted to Deputy CEO in 2010 and redesignated 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 an MA in International Economics from the Moscow State Institute of International Relations. He is a fellow member of the ACCA, CFA charter holder and has professional diploma in civil and industrial construction.

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Independent Non-Executive Directors

Daniel Rochfort Bradshaw - Independent Non-Executive Director, Deputy Chairman

Mr Daniel Bradshaw is the Deputy Chairman, Senior Non-Executive Director, and Chairman of the Health, Safety and Environment Committee of IRC. As a Hong Kong lawyer with a specialist shipping practice, he brings considerable legal and logistics experience, having worked for most of his career at Mayer Brown JSM as a solicitor, and currently as a consultant.

Mr Bradshaw holds an LLB and LLM in Law and is a registered solicitor. He is a director of The Hong Kong Club, a director of the Kadoorie Farm & Botanic Garden Corporationa non-executive director of Euronav N.V., an Independent Non-Executive Director of Pacific Basin Shipping Limited, an Independent Non-Executive Director of GasLog MLP, and a member of the Executive Council of the World Wide Fund for Nature Hong Kong.

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Jonathan Martin Smith - Independent Non-Executive Director

Mr Jonathan Martin 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.

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Chuang-fei Li - Independent Non-Executive Director

Mr Chuang-fei Li is a 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. He was in charge of investment and corporate banking, treasury and capital markets, financial institutions coverage, structure finance, aircraft and shipping finance, syndications, retail banking and auditing. He was instrumental in the establishment of Bank of China International, the first Chinese owned investment banking operation.

Mr Li is a past Fellow of the Asia Centre at Harvard University.

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Simon Murray (CBE, Chevalier de la Légion d’honneur) - Independent Non-Executive Director

Mr Murray is an Independent Non-Executive Director of IRC. Mr Murray brings considerable Hong Kong and Asia based experience to the Board, from a career spanning Jardine Matheson, Hutchison Whampoa as the Group Managing Director, Executive Chairman, Asia Pacific of the Deutsche Bank Group and his current position as Chairman of GEMS Limited. Mr Murray is currently the NED of China LNG Group Limited and Greenheart Group Limited, and the INED of Orient Overseas International Limited, Wing Tai Properties and Spring Asset Management Limited (the manager of Spring REIT), all of which are listed in Hong Kong.

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Raymond Woo - Independent Non-Executive Directors

Mr Raymond Woo was redesignated 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 currently the INED of Yuanda China and SMIT Holdings. Before being redesignated as NED on 25 March 2015 and then as INED on 5 January 2018, he was the Executive Director, CFO and Company Secretary of IRC.

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Non-Executive Directors

Jay Hambro - Chairman

Mr Jay Hambro is the Chairman and Non-Executive Director. In his early career, he was a metals and mining banker and adviser at NM Rothschild and HSBC. Subsequently, he joined the Petropavlovsk Group where he was the CEO of Aricom and later the CIO of Petropavlovsk, a role he relinquished in 2010 to head IRC as the Executive Chairman. In January 2016, he was redesignated as the Chairman in a Non-Executive capacity. Mr Hambro is also the Chief Investment Officer of the GFG Alliance and Chief Executive Officer of SIMEC Energy & Mining Divisions. He is a Fellow of the Institute of Materials, Minerals and Mining and holds a BA in Business Management from Newcastle University.

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Peter Hambro - Non-Executive Director

Mr. Peter 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 more than 35 years in the metals business. He was the deputy managing director of London-based bullion trader, Mocatta and Goldsmid, 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.

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Patrick Chi Kin Cheng - Non-Executive Director

Mr Patrick Cheng is an Executive Director of Sino Haijing Holdings, a listed company in Hong Kong. He is a CPA and a fellow member of the AIA. He has 25 years of experience in corporate finance, accountancy and investment banking, especially in real estate, infrastructure and natural resources industries.

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Emeritus Director

Dr Pavel Maslovskiy

Dr Pavel Maslovskiy is the Co-Founder and the previous Chief Executive Officer of Petropavlovsk plc. In this capacity, Dr Maslovskiy has extensive experience in the operational management of mining and processing operations in precious and non-precious metals.

Prior to embarking on his business career, Dr Maslovskiy graduated from and became a professor at, the Moscow Aircraft Technology Institute, specialising in engineering applications of the theory of plasticity and teaching metallurgy and plasticity. Dr Maslovskiy was appointed as Senator and Member of the Federation Council of Russia (the Upper House of the Russian Parliament) in December 2011. Dr Maslovskiy retired as a Senator Member in October 2014 and was reappointed as Chief Executive Officer of Petropavlovsk plc in November 2014, until which he relinquished in July 2017.

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Members of the Executive Committee

Apart from Mr. Yury Makarov and Mr. Danila Kotlyarov, the Executive Committee also includes Mr. Johnny Yuen.

Johnny Yuen - Company Secretary and Corporate Controller

Mr Johnny Yuen is the Company Secretary, Corporate Controller, and 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. Mr Yuen is a fellow member of the Hong Kong Institute of Certified Public Accountants and a member of the Association of Chartered Certified Accountants. He holds a MBA from the Manchester Business School of University of Manchester and a BA in Accountancy from the City University of Hong Kong.

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