Platinum Asia Investments Limited

Margaret Towers CA, GAICD

Ms Margaret Towers was appointed as an Independent Non-Executive Director on 31 March 2018. Ms Towers is the Board Chair and also serves as a member of the Audit, Risk and Compliance Committee.
Ms Towers has over 35 years’ experience operating at board and senior management levels, within the wealth management and investment banking sectors of the Australian financial services industry.
Ms Towers is a Non-Executive Director of Platinum Capital Limited. Ms Towers was previously a Non-Executive Director of Platinum Asset Management Limited, serving on its Audit, Risk & Compliance Committee and Nomination & Remuneration Committee and IMB Limited, serving as Chair and member of IMB’s Risk Committee, Audit Committee and Financial Planning Committee.

Ian Hunter BA, LLB, MBA

Mr Ian Hunter was appointed as an Independent Non-Executive Director on 9 September 2021 and serves as a member of the Audit, Risk and Compliance Committee.
Mr Hunter has over 40 years’ experience in finance and the investment industry having held several roles in Corporate Finance and Equity Capital Markets at international banks.
Mr Hunter is a Non-Executive Director of Platinum Asia Investments Limited and Supentian Pty Limited and was previously a Non-Executive Director of several listed companies.

Richard Morath BA, FIAA

Mr Richard Morath was appointed as an Independent, Non-Executive Director on 27 March 2009 and is Chair of the Audit, Risk & Compliance Committee.
Mr Morath has over 40 years’ experience in life insurance, funds management, banking and financial planning.
Mr Morath is a Non-Executive Director of Platinum Asia Investments Limited.

Joanne Jefferies BCom, LLB (University of Kwa-Zulu Natal, South Africa), MAICD

Joanne joined Platinum in 2016 and heads up Platinum’s legal, compliance, risk and corporate governance functions. Joanne also serves as the Company Secretary for Platinum and its subsidiary entities including the ASX listed investment companies, Platinum Asia Investments Limited and Platinum Capital Limited. She is an English qualified solicitor with over 27 years of experience working for listed global asset management and banking institutions, across Asia Pacific and the UK.

Prior to joining Platinum, Joanne spent six years at BNP Paribas in the role of Head of Legal Affairs, Asia Pacific where she covered asset servicing, corporate trustee, global markets, and custody and clearing business lines, across seven countries. Joanne was previously Senior Legal Counsel at Russell Investments in Australia and prior to that was based in the UK where she held senior legal and compliance roles with Aviva Investors, Lord Abbett and Morgan Grenfell. She also served as the General Counsel for the Investment Association, the UK industry body for asset management.

Constitution
Appendix 4G
Corporate Governance Statement
Modern Slavery Statement

Board Charters

Board of Directors' Charter
Audit, Risk & Compliance Committee Charter
Due Diligence Committee Charter

Policies

Directors’ Code of Conduct
Continuous Disclosure Policy
Shareholder Communications Policy
Risk Management Policy
Securities Trading Policy
Whistleblower Protections Policy
Anti-Bribery and Corruption Policy
Modern Slavery Policy

PAI can move between premium and discount to its Net Asset Value (NAV) on a regular basis. These moves mostly reflect a combination of investor demand (primarily performance related) and investor sentiment towards equity markets in general, and listed investment companies in particular.

The Monthly Update for the company can be found on the PAI product page and provides details of the invested position, top ten stock positions and industry breakdown.
The full portfolio for PAI is published annually in the Annual Report https://www.platinum.com.au/lics/pai.

Whilst the investment strategy for these products is the same, the key differences relate to the structure of the product.

• PAXX and the Platinum Asia Fund are structured as unit trusts whereas PAI is a company.
• PAXX is an active ETF, Platinum Asia Fund is a managed fund and PAI is listed on the ASX.
• PAXX and PAF distribute all taxable income (including net realised gains) to unit holders at 30 June, these distributions do not carry franking credits. PAI, subject to cash flows and the availability of franking credits and accounting profits, aims to pay franked dividends to shareholders.

You can compare these products and others that we offer using our comparison tool https://www.platinum.com.au/product-comparison.

The registry, MUFG Corporate Markets (AU) Limited maintains the shareholder register for PAI, if you wish to update your details please register for access or log in to their Investor Centre at the following link https://www.mpms.mufg.com/en/for-individuals/au/shareholders/.