Established in Singapore for over a decade since October 2006, the firm was originally known as Sansar Capital Asia Pte. Ltd. Over the years, it provided fund management and/or accounting and operational support services for the Sansar Capital funds together with Sansar Capital Management, LLC, a New York based investment management firm. The Sansar Capital funds invested primarily in Asia with peak Assets under Management totalling US$3.4 billion (SGD 4.9 billion).
In 2017, Sansar Capital Asia Pte. Ltd. renamed itself to Copper Basin Capital Pte. Ltd. and established an index fund platform to allow investors to passively track each sector within the MSCI AC Asia Index (MXAS). Copper Basin Capital Pte. Ltd. continues to provide operational and accounting support services to the Sansar Capital funds managed from New York by Sansar Capital Management, LLC.
With an uncompromising focus on operational efficiency and its deep understanding of Asia security markets, Copper Basin Capital Pte. Ltd. endeavors to serve as the leader in the management of index funds investing in Asia.
Richard B. Astorga, CIA, CMA, CPA
Managing Director and Portfolio Manager
Mr. Astorga has over 20 years of diversified management experience in investment management and finance operations. Mr. Astorga is the Managing Director for Copper Basin Capital Pte. Ltd overseeing Index Fund portfolio management. Since 2010, he has served as the Chief Operating Officer & CFO overseeing operations, accounting, IT, and compliance for Sansar Capital Management, LLC, a hedge fund and private equity investment manager. Prior to joining Sansar Capital, Mr. Astorga was the Chief Financial Officer of Principled Asset Administration, LLC (“Principled Capital Management”), a hedge fund investment fund manager, that, at its peak, managed and advised US$2 billion in AUM.
Before joining Principled Capital Management, Mr. Astorga was with PepsiCo, Inc. where he directly managed its global short-term cash investments and debt portfolio, approximating US$3 billion each, and where he was responsible for forecasting PepsiCo’s worldwide cash flows and for managing global liquidity.
He was previously the Chief Financial Officer of Gilat Satellite Networks - Brazil and, prior to that position, was with Phelps Dodge Corporation where he held merger and acquisition, financial planning and analysis, and internal audit roles in Asia and the U.S. Early in his career, he gained tax and audit experience at the accounting firm, Eide Helmeke & Co. (now known as Eide Bailly, LLP)
Mr. Astorga received his MBA from Columbia Business School, and has earned a Bachelors of Science in Finance from Arizona State University. He is a graduate of the National University of Singapore (NUS) Graduate Certificate in Real Estate Finance program and the Singapore Institute of Directors (SID) Listed Company Director (LCD) program. Mr. Astorga is a Certified Internal Auditor (CIA), Certified Management Accountant (CMA), and Certified Public Accountant (CPA).
Board of Director Member
Mr. Motwani is the founder of Sansar Capital and continues to serve as the President and Portfolio manager for Sansar Capital Management, LLC, the U.S. investment management company. As Portfolio Manager for the Sansar Funds, Mr. Motwani has managed portfolios with peak assets under management totalling over $3.4 billion.
Prior to the Sansar Capital launch in June 2005, Mr. Motwani was with Kingdon Capital Management, LLC from 1997 to 2005, he served in various portfolio management roles including the sole Portfolio Manager for Kingdon Capital Management, LLC’s pan-Asia (excluding Japan) portfolio from 2002 to 2005 and its Co-Portfolio Manager from 1999 to 2002. Before entering the hedge fund industry, Mr. Motwani served as a Research Analyst for Fidelity Investments in Hong Kong and London and an Investment Banking Analyst with Lehman Brothers in New York.
Mr. Motwani holds an MBA with Distinction from INSEAD, Paris, which he earned after graduating from the University of Pennsylvania, magna cum laude, with dual undergraduate degrees in Finance and Oriental Studies/Japanese.
Investor Relations Director
Ms. Kwok has approximately 10 years of legal experience. She worked for law firms and investment banks in Singapore and Hong Kong. Her main area of focus was capital markets, both debt and equity, where she advised both issuers and arrangers across a variety of products, including straight vanilla debt, equity-linked securities as well as securitisation transactions. Prior to joining Copper Basin Capital, Ms. Kwok transitioned into finance where she led the Issuer Services business for South East Asia at Citi for over six years.
Ms. Kwok received her Masters of Science in Strategic Studies from the S. Rajaratnam School of International Studies, Nanyang Technological University in 2018. Ms. Kwok graduated with an LL.B. (Second Upper Honours) from the National University of Singapore in 2001 on an Overseas Union Bank scholarship. She was admitted to the Singapore Bar in 2002 and the Rolls of Solicitors in England and Wales in 2005.
Yu Xin Tan
Fund Operations Director
Ms. Tan has over 10 years’ experience in fund administration accounting and operations. Ms. Tan oversees operations and compliance for the index funds managed by Copper Basin Capital.
Prior to joining Copper Basin Capital in May 2017, Ms. Tan was with UOB Asset Management and served as Assistant Vice President where she led a fund accounting and custody team of 8 staff. She was previously with Standard Chartered for six years from 2010 to 2016 where she ultimately served as Manager, Fund Services overseeing a team of 4 staff and the administration of funds with investments in fixed income, equity, forward contracts, futures, options, and swaps. Prior to joining Standard Chartered, she was with Citibank fund administration for four years (2006 to 2010) where she served as a Senior Fund Accountant preparing daily and monthly net asset valuation reports and fund operation procedures for traditional funds and hedge funds.
Ms. Tan holds a Bachelor of Business in Applied Economics from Nanyang Technological University.
Ms. Zhang has over 12 years of experience in fund accounting and operations. Ms. Zhang oversees fund accounting for the index funds managed by Copper Basin Capital.
Prior to joining Copper Basin Capital in May 2018, Ms. Zhang was with Lion Global Investors Limited from 2011 to 2018 where she served as Associate Director managing a team of 6 staff overseeing the entire reconciliation process for fund pricing and valuation. She was previously with Custom House Fund Services from 2007 to 2011 where she served as Team Leader reviewing fund accounting and valuations for hedge funds investing in equities, FX, futures, options, CFDs, bonds, swaps and mutual funds. Early in her career, she was a Fund Accountant at State Street Bank and Trust where she generated daily Net Asset Valuations for multi-currency funds trading in bonds and equities.
Ms. Zhang holds a Bachelor of Business Administration from Nanyang Technological University.