Management Team

Our management team includes experienced investment professionals with complementary backgrounds

Marvin Yeo, CFA (Founding Partner)

Marvin Yeo, CFA

Founding Partner

Marvin co-founded Golden Rock Capital in 2014. Prior to this, he was the founder and Managing Partner of Frontier Investment & Development Partners from 2008-2014 where he co-founded and launched the Mongolia Opportunities Fund and was an active dealmaker in the CLMV region. Previously, he was Senior Financing Specialist at the ADB from 2004-2008 and responsible for the ADB’s debt syndications activities and the structuring / pricing of private, corporate and infrastructure transactions throughout Asia. From 1996 – 2003, he worked in investment banking with Barclays Capital (London), Nomura (Hong Kong) and Deutsche Bank (Singapore), specializing in debt equity linked origination and syndication, and derivatives structuring and sales. Marvin has also been an F&B entrepreneur and taught Advanced Financial classes at the University of the Philippines. He holds MBA from INSEAD (2000), B.Eng with Honors from Monash University and CFA charter (2000).

Rudolf Gildemeister, (Managing Partner)

Rudolf Gildemeister

Managing Partner

Rudolf is a Managing Partner at Golden Rock Capital. He has extensive experience in building and managing businesses across multiple industries, including on-the-ground operational experience in Myanmar where he was the sell side-advisor for the first US-Myanmar JV between a NYSE listed company and local group MMRD. He also served as CFO of the MMRD to oversee integration and change management. Before moving to Myanmar, Rudolf was based in HK for 10 years where he was Managing Director at Credit Suisse and Regional Head of Credit Suisse Advisory Partners. Earlier positions include Managing Partner of boutique advisory firm Active Equity Management, Managing Director of ODS Landis & Gyr (a portfolio company of Texas Pacific Group), and Business Development Manager at Nestle in HK and South-East Asia, including Myanmar. Rudolf holds MBA from Harvard Business School (1988) and BSc from Bristol University (1990).

Chris O’connor (Managing Partner)

CHRIS O’CONNOR

Partner & CIO

Chris joined Golden Rock after having many years of experience in Myanmar at the corporate operating level. He has functioned as the Chief Financial Officer of Myanmar Industrial Port and was responsible for the financial and capital raising responsibilities while also helping to restructure the operations which resulted in the port securing an IFC refinancing loan. In addition, he has also been the CFO of The American University of Myanmar. Chris cofounded Ayuroma Advisory International which helped Myanmar family owned conglomerates restructure their businesses and obtain debt or equity capital with strategic partnerships. He has entrepreneurial experience in working with smaller companies in roles such as CFO, COO and Business Development at Renew Solution in the UK and Asia. Chris’ initial post business school experience was spent at Deutsche Bank where his most recent position was Head of the Private Equity/Illiquid Assets Investment team in London within the Global Markets division. The investment team focused primarily on principal investments in Europe, Russia, Africa and the Middle East. Prior to that role, he managed the US Equity Sales and Trading team in London. Chris holds an MBA from The University of Chicago Booth School of Business with concentrations in finance and accounting and a B.A. in History and Political Science from Gettysburg College.

Thura Soe Paing (Origination Partner)

Thura Soe Paing

Origination Partner

Thura joined GRC in 2014 and specializes in value addition to portfolio companies as well as deal flow generation. He co-founded All Myanmar Advisors in 2012, prior to which, he was a member of the team at Strategy613, a strategic advisory firm focusing on international corporates doing business in Asia, especially China and Thailand as well as Asian corporates seeking investment from international investors. Prior to Strategy613, Thura has worked for Boston Consulting Group and Citibank in London and across Europe. Thura holds a Masters in Management Science from Boston University and a BSc (Hons) in Economics from the London School of Economics

Htu Htu Aung (Execution Partner)

Htu Htu Aung

Execution Partner

Htu Htu is involved in deal origination, evaluation, monitoring, and due diligence, with a specialization in deal structuring. Currently he serves as Non-Executive Director for several reputable Myanmar companies and is an Executive Committee member of the Myanmar Oil & Gas Services Society. Htu Htu has also served as Commercial Director for Asia Guiding Star Group as well as liaison partner for Cho & Associates, a member firm of Crowe Haworth International. Before returning to Myanmar, Htu Htu worked for 8 years in the UK for Anderson Ross Consulting Group, working up from Associate through Audit Manager to Partner and serving as the firm’s Chief Compliance Officer. Htu Htu received MBA from Oxford Brookes and BSc (Hons) in Applied Accounting, Oxford Brooks University, UK. He is also a fellow of the UK’s Association of Chartered Accountants (ACCA).

Steven Wood (Managing Director - Infrastructure)

Steven Wood

Managing Director - Infrastructure

Steve is global private equity and venture capital professional with proven operating experience in the engineering, infrastructure, energy and commodity investment sectors. He brings over 20 years of emerging markets experience and has broad subject matter expertise in infrastructure, energy and commodities from the operational to the executive board level. He was most recently Executive Director of Pacific Hunt Energy, an upstream Oil & Gas company with operations in Myanmar. Prior to this, Steve served as Chief Investment Offcer for Heritas Capital Management’s private equity/commodities funds and had helped establish CIMB-Standard Bank’s SEA focused Infrastructure PE Fund in 2007. He started his career with Steffen, Robertson & Kirsten in the US in 1986 and moved to South Africa with them in 1998 before joining Anglo American in South Africa in 1992. His then moved into finance as a Mining Analyst with HSBC and he was also Director (Acquisitions and Corporate Finance) of Century Mining Corporation in BC, Canada. Steve holds MBA from University of Chicago (Booth School) and a BSc in Geophysical Engineering from Colorado School of Mines.

Marvin Yeo, CFA (Founding Partner)

Marvin Yeo, CFA

Founding Partner

Marvin co-founded Golden Rock Capital in 2014. Prior to this, he was the founder and Managing Partner of Frontier Investment & Development Partners from 2008-2014 where he co-founded and launched the Mongolia Opportunities Fund and was an active dealmaker in the CLMV region. Previously, he was Senior Financing Specialist at the ADB from 2004-2008 and responsible for the ADB’s debt syndications activities and the structuring / pricing of private, corporate and infrastructure transactions throughout Asia. From 1996 – 2003, he worked in investment banking with Barclays Capital (London), Nomura (Hong Kong) and Deutsche Bank (Singapore), specializing in debt equity linked origination and syndication, and derivatives structuring and sales. Marvin has also been an F&B entrepreneur and taught Advanced Financial classes at the University of the Philippines. He holds MBA from INSEAD (2000), B.Eng with Honors from Monash University and CFA charter (2000).

Rudolf Gildemeister, (Managing Partner)

Rudolf Gildemeister

Managing Partner

Rudolf is a Managing Partner at Golden Rock Capital. He has extensive experience in building and managing businesses across multiple industries, including on-the-ground operational experience in Myanmar where he was the sell side-advisor for the first US-Myanmar JV between a NYSE listed company and local group MMRD. He also served as CFO of the MMRD to oversee integration and change management. Before moving to Myanmar, Rudolf was based in HK for 10 years where he was Managing Director at Credit Suisse and Regional Head of Credit Suisse Advisory Partners. Earlier positions include Managing Partner of boutique advisory firm Active Equity Management, Managing Director of ODS Landis & Gyr (a portfolio company of Texas Pacific Group), and Business Development Manager at Nestle in HK and South-East Asia, including Myanmar. Rudolf holds MBA from Harvard Business School (1988) and BSc from Bristol University (1990).

Chris O’connor (Managing Partner)

CHRIS O’CONNOR

Partner & CIO

Chris joined Golden Rock after having many years of experience in Myanmar at the corporate operating level. He has functioned as the Chief Financial Officer of Myanmar Industrial Port and was responsible for the financial and capital raising responsibilities while also helping to restructure the operations which resulted in the port securing an IFC refinancing loan. In addition, he has also been the CFO of The American University of Myanmar. Chris cofounded Ayuroma Advisory International which helped Myanmar family owned conglomerates restructure their businesses and obtain debt or equity capital with strategic partnerships. He has entrepreneurial experience in working with smaller companies in roles such as CFO, COO and Business Development at Renew Solution in the UK and Asia. Chris’ initial post business school experience was spent at Deutsche Bank where his most recent position was Head of the Private Equity/Illiquid Assets Investment team in London within the Global Markets division. The investment team focused primarily on principal investments in Europe, Russia, Africa and the Middle East. Prior to that role, he managed the US Equity Sales and Trading team in London. Chris holds an MBA from The University of Chicago Booth School of Business with concentrations in finance and accounting and a B.A. in History and Political Science from Gettysburg College.

Thura Soe Paing (Origination Partner)

Thura Soe Paing

Origination Partner

Thura joined GRC in 2014 and specializes in value addition to portfolio companies as well as deal flow generation. He co-founded All Myanmar Advisors in 2012, prior to which, he was a member of the team at Strategy613, a strategic advisory firm focusing on international corporates doing business in Asia, especially China and Thailand as well as Asian corporates seeking investment from international investors. Prior to Strategy613, Thura has worked for Boston Consulting Group and Citibank in London and across Europe. Thura holds a Masters in Management Science from Boston University and a BSc (Hons) in Economics from the London School of Economics

Htu Htu Aung (Execution Partner)

Htu Htu Aung

Execution Partner

Htu Htu is involved in deal origination, evaluation, monitoring, and due diligence, with a specialization in deal structuring. Currently he serves as Non-Executive Director for several reputable Myanmar companies and is an Executive Committee member of the Myanmar Oil & Gas Services Society. Htu Htu has also served as Commercial Director for Asia Guiding Star Group as well as liaison partner for Cho & Associates, a member firm of Crowe Haworth International. Before returning to Myanmar, Htu Htu worked for 8 years in the UK for Anderson Ross Consulting Group, working up from Associate through Audit Manager to Partner and serving as the firm’s Chief Compliance Officer. Htu Htu received MBA from Oxford Brookes and BSc (Hons) in Applied Accounting, Oxford Brooks University, UK. He is also a fellow of the UK’s Association of Chartered Accountants (ACCA).

Steven Wood (Managing Director - Infrastructure)

Steven Wood

Managing Director - Infrastructure

Steve is global private equity and venture capital professional with proven operating experience in the engineering, infrastructure, energy and commodity investment sectors. He brings over 20 years of emerging markets experience and has broad subject matter expertise in infrastructure, energy and commodities from the operational to the executive board level. He was most recently Executive Director of Pacific Hunt Energy, an upstream Oil & Gas company with operations in Myanmar. Prior to this, Steve served as Chief Investment Offcer for Heritas Capital Management’s private equity/commodities funds and had helped establish CIMB-Standard Bank’s SEA focused Infrastructure PE Fund in 2007. He started his career with Steffen, Robertson & Kirsten in the US in 1986 and moved to South Africa with them in 1998 before joining Anglo American in South Africa in 1992. His then moved into finance as a Mining Analyst with HSBC and he was also Director (Acquisitions and Corporate Finance) of Century Mining Corporation in BC, Canada. Steve holds MBA from University of Chicago (Booth School) and a BSc in Geophysical Engineering from Colorado School of Mines.