Gabor Sitanyi has over 20 years of experience in emerging markets investment management. He is currently a portfolio advisor at Charlemagne Capital covering sectors in Africa and Asia. Prior to this, he held roles including co-CIO for a $3 billion emerging markets portfolio and fund manager for EMEA and Africa funds totaling $650 million. Gabor holds a Masters in Economics and a Masters in History and Politics from the Central European University and University College London. He is fluent in Hungarian and English with intermediate Russian skills.

1. GABOR SITANYI
(gabor.sitanyi@charlemagnecapital.com, mobile: +44 7834 265 039)
Work Experience
Apr 2004 to present date: Charlemagne Capital, London
• March 2015 – present day: portfolio advisor for the GEM, EMEA and Africa
products covering a range of sectors in Africa and non-cyclicals (staples, telecoms) in
Asia. I am also an Executive Director of Charlemagne Capital UK.
• Sep 2011 – Feb 2015: while completing a History and Politics Masters at UCL I
continued to work part-time (during my Masters two days then from January 2013
three days a week) as a senior analyst covering a broad range of sectors in Africa. My
thesis strongly related to my EMEA background: in it I compared the surprising
stability of South Africa with the unexpected dissolution of Czechoslovakia. South
Africa’s ability to confound expectations has become a useful tool in understanding the
context in which all listed South African companies operate.
• June 2009 - Sep 2011: co-CIO of the 18-member global emerging market team
managing $3bn. As a result I have become embedded with all the regional teams and
have become a second pair of eyes for GEM portfolio positions across all regions,
including Asia & Latam.
• July 2006 - Sep 2011: fund manager of a $450m EMEA portfolio. Launched and
managed a $200m Africa (Frontier) Fund from March 2007 to Sep 2011.
• Apr 2004 - June 2006: even before starting my Economics Masters at CEU I have
started working for Charlemagne Capital focusing on two main projects: building
research (modelling) capability through creating and developing a Research Database,
and creating sector-specific modelling frameworks; and creating a practical, user-
friendly, informative risk report linked to the Research Database. My thesis
strongly related to my Emerging Market background: in it I examined the
predictability of stock market returns specifically in two key emerging markets: South
Africa and South Korea and using econometrics I’ve found that unlike developed
markets emerging markets still show characteristics of inefficiency which leave ample
room for active stock pickers.
Jan 2000 - March 2004: Schroders Asset Management, London
Initially EMEA fund manager then from May 2001 head of EMEA (Central Europe,
Russia, Turkey, Middle East and South Africa) leading a 6-member team and managing ca.
$2bn; also member of the Emerging Markets Global Asset Allocation Committee
managing ca. $10bn.
Oct 1997 – Dec 1999: Flemings Investment Management, London
Fund manager and deputy team leader for EMEA (including Central Europe, Russia,
Turkey and Greece), managing ca. US$1.5bn with a six-member team
Sep 1994 - Sep 1997: ING Barings, London
Head of Hungarian Research in London (leading a team of 4 local analysts), also covering
pharmaceuticals and chemicals on a regional basis in Eastern Europe
Sep 1991- Sep 1994: Creditanstalt Securities, Budapest
Equity analyst responsible for the Hungarian market
Studies: Masters in History & Politics (Sep 2011 - Sep 2012) University College London

2. Masters in Economics (Sep 2004 - June 2006) Central European University (CEU)
CFA (Chartered Financial Analyst) charter received in Jan 2001
Investment Management Certificate (IMC) exam completed in London (March 1998)
Securities and Financial Authority (SFA) exam completed in London (Nov 1994)
BA in Finance (Sep 1988 - June 1991): University of Economics in Budapest
Language: native in Hungarian, proficient in English, lower intermediary Russian
Ratings: Rated as a number one equity analyst in Eastern Europe by Institutional Investors
Magazine, selected as member of the “All European Research Team” (Feb 1997)
Rated as a number one equity analyst covering Hungary by Extel (Apr 1996)
Rated as a number one Eastern European analyst by Global Investors Magazine (Jan 1997)
Rated as a number one equity analyst covering Hungary by Reuters (Dec 1996)
Both at Flemings and at Schroders my Eastern European Funds were ranked AAA by S&P
Personal data: Born: 19 Sep, 1967; married with two children