Board of Directors
Brett A. Richards
Chairman, Banro Corporation Ltd.
Mr. Richards is a natural resources executive with over 33 years of expertise in mining and metals. He has a unique background in mining M&A, mine financing, mine development and senior level operations experience. He brings publicly listed CEO experience in the mining sector, as well as global operational experience – with a geographic focus in the last 12 years in Africa. Brett has held positions for private equity shareholders in the past including CEO of Midnight Sun Mining, CEO of African Thunder Platinum, CEO of Renew Resources, and CEO of Octéa. He previously served as the transition CEO of Roxgold, CEO of Avocet Mining, and was part of the five-person start-up of Katanga Mining. Brett’s other publicly listed experience was in senior executive positions with Kinross Gold and Co-Steel Inc.
Director, Chair of Audit Committee
Gramercy Funds LLP Appointee
Mr. Nunes has 17 years of investment and research experience. He is responsible for providing general research and analysis to Gramercy’s Portfolio Managers. Mr. Nunes performs new and ongoing investment due diligence related to client investment vehicles with a particular focus on opportunities in sub-Saharan Africa. He monitors and provides timely analysis and updates on the financial situation, operational performance and key developments for those assets for which he is the designated Asset Manager. Mr. Nunes provides ad-hoc analysis and/or investment reviews as required by the Trading, Research or Marketing groups. He participates in the weekly Corporate/Distressed Credit Meeting and Investment Committee meetings.
Prior to joining Gramercy in April 2008, Mr. Nunes spent seven years with PricewaterhouseCoopers. At PWC he held various positions in both the U.S. and South Africa, the most recent being Manager in the Financial Due Diligence Practice where he focused on merger and acquisition transactions.
Mr. Nunes received a Bachelor of Commerce Accounting Sciences and a Certificate in Theory of Accounting at the University of Pretoria, South Africa where he graduated with honours. Additionally, Mr. Nunes is a CFA Charter holder and a Chartered Accountant in South Africa.
Gramercy Funds Appointee
Malcolm has more than 35 years’ experience in geology, resource estimation, feasibility studies and mine production. With twenty years’ experience spent in mining operations and fifteen years as a consultant, Malcolm assists clients to navigate the path from resource definition through to production. Malcolm’s expertise includes advanced Mineral Resource estimation techniques, mining productivity improvements such as ‘short interval control’, blast movement, ore dilution analysis, mine production team mentoring and training.
Jiongjie (George) Lu
Director, Chair of Compensation Committee
Baiyin International Investments Inc. Appointee
Mr. Jiongjie Lu, also known as George, serves as the General Manager of Baiyin International Investment Limited. Mr. Lu also serves as Chief Executive Officer of Baiyin International Investment Ltd, where he developed the international investment platform for Baiyin Nonferrous Group and has invested in several precious metals and based metals companies, including Banro Corporation. Prior to joining Baiyin in 2015, he was a director of Long March Capital, which co-invested with Baiyin into Gold One and Sibanye Gold in South Africa and developed the streaming business with Baiyin. Mr. Lu has been Director of Banro Corporation since June 2016 and the Chief Financial Officer of Banro Corporation since October 2018. He holds a bachelor’s degree in mathematics and physics and a master’s degree of finance from Tsinghua University.
Baiyin International Investments Inc. Appointee
Mr. Rorrison is currently the controlling shareholder and Managing Director of Chengyu Group Limited, a private company in Hong Kong. He is also Chairman Asia for Peloton Global, a financial services group with operations in Australia and Asia.
Mr. Rorrison worked for Macquarie Group and its affiliates from April 1990 to March 2015, specializing in natural resources sectors, including metals and mining, oil & gas and agriculture. He was an Executive Director of Macquarie Group for 10 years, finishing his tenure as Chairman of Resources, Asia with responsibility for the natural resources investment banking function for 10 Jurisdictions, including Japan, Korea, China, India and Hong Kong.
Mr. Rorrison has held positions with various industry, professional and regulatory authorities during his career, including as a member of the National Listing Committee and Listing Appeals Committee of the Australian Stock Exchange and as a Board member of the South Australian Jockey Club.
Mr. Rorrison obtained his Bachelor of Economics from University of Adelaide in May 1982 in Australia. He was granted the Degree of Fellow of the Institute of Chartered Accountants in Australia in August 1995. He currently lives in Hong Kong.