Ari Zaphiriou-Zarifi,

Ari Zaphiriou-Zarifi


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Ari co-founded Kestrel in 2009 and chairs the Investment Committees of both Kestrel Opportunities and KITS. Throughout his career, Ari has worked closely with UK smaller companies. After qualifying as a chartered accountant he began his career at J Henry Schroder Wagg, before becoming Chief Executive of Heritable & General Investment Bank which he sold to Landsbanki in 2000. In 2001, as chairman, he led the IPO of plant centre Blooms of Bressingham. Ari co-founded and was chairman of Beeson Gregory and was also chairman and a major shareholder in a commercial property company sold to Hammerson in 2006.

Max Royde,

Max Royde


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Max co-founded Kestrel in 2009. He is a fund manager of Kestrel Opportunities and sits on the Investment Committee for KITS. Max has been advising and investing in quoted and unquoted UK smaller companies since 1998 and prior to Kestrel was a managing director of KBC Peel Hunt. He is a non-executive director of Ingenta plc.

John Ricciardi,

John Ricciardi


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John is the manager of the Kestrel Global Portfolio. Before co-founding Kestrel Investment Partners LLP, he was head of global asset allocation for Iveagh. He founded Bullrun Financial, a pioneer of quantitative portfolio strategies for institutions and advisers and co-founded Cursitor Management, one of the first firms to offer top-down, global asset allocation solutions for institutions. On selling Cursitor to Alliance Capital in 1996, John became head of global asset allocation for AllianceBernstein, with $450 billion under management worldwide.

Oliver Scott,

Oliver Scott


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Oliver is a co-founder of Kestrel Partners and Kestrel Investment Partners. Oliver has spent almost 20 years advising smaller quoted and unquoted companies. Before co-founding Kestrel, he was a director of KBC Peel Hunt Corporate Finance, where he advised clients on corporate strategy, board composition, IPOs and balance sheet restructurings. Prior to this, Oliver specialised in advising public and private companies on mergers & acquisitions. He is a non-executive director of Ubisense Group plc.

Stuart Rollason,

Stuart Rollason


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Stuart joined Kestrel in 2011 and is the manager of all KITS and KITS ISA portfolios. He has 15 years experience as a fund manager investing in smaller quoted companies and has been directly responsible for managing up to £230m of assets. He was previously a partner at Bluehone and ISIS investment management, prior to which he was a stockbroker as well as a practicing medical doctor. Stuart has experience as a non-executive director and has an extensive smaller company knowledge base and contact network with institutional investors, company directors and brokers.

Chris Errington,

Chris Errington

Head of Research

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Chris joined Kestrel in June 2015 as Head of Research.  Prior to this, Chris was CEO of Gresham Computing plc for five years where he led the successful turnaround of this London main market technology company; he was previously CFO for six years.

Chris qualified as a chartered accountant with Ernst & Young where he spent twelve years working in the audit and assurance business, followed by a year with BDO in a similar capacity, before being asked to join Gresham as CFO. He holds a first class honours degree in Biochemistry from the University of Southampton.

Chris is a non-executive director of Gresham Computing plc.


Jake Scott,

Jake Scott

Partner and Head of Sales

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Jake joined Kestrel Investment Partners LLP in January 2016 as Partner and Head of Sales. Previously he was a Partner at Red Sky Capital LLP, an alternative investment marketing firm. Before that he spent 8 years at a listed hedge fund management firm as a client relationship manager and then Head of Sales. Jake has 16 years experience in the financial industry.

David Prance,

David Prance

Chief Financial Officer

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David joined Kestrel in June 2015 as Head of Compliance and was appointed CFO in March 2016. Prior to joining Kestrel, David was Chief Operating Officer and Chief Risk Officer at a London based hedge fund management firm. David has over 20 years experience in fund management specialising in finance, operational and compliance roles across multiple jurisdictions. He qualified as a chartered accountant with Deloitte, Haskins & Sells.

Ian Forrest,

Ian Forrest

Head of Middle Office

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Ian has been working with Kestrel since November 2010 and is responsible for overseeing all the Company’s middle office operations. Formerly Ian was head of middle office for an independent alternative investment manager, where he was responsible for overseeing the growth of the middle office team from a staff of 3 people to more than 20, looking after more than 30 funds across 15 different strategies during which time assets grew from $250m to over $7bn. Ian managed the integration of various acquired funds and project managed the implementation of a web-based front-end system.  He also oversaw the launch of new hedge funds, managed accounts and UCITS products.  Ian holds the IMC qualification.

Ravi Kishore Booka,

Ravi Kishore Booka


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Ravi joined Kestrel in September 2011 and is now Chief Technology Officer, responsible for developing systems to power both Kestrel’s investment process and research effort. He started his career as a software engineer, developing high availability network routers with Intoto Software Ltd, India. He moved to the UK in 2009, and joined Iveagh Ltd as a technology consultant, where he was instrumental in developing new tools to drive the investment process.

Amy Hill,

Amy Hill

Office Manager

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Amy joined Kestrel in January 2012 and is responsible for the efficient running of the office and client liaison. She has 10 years experience within the investment banking industry, previously working at KBC Peel Hunt and more recently at Evolution Securities, where she co-ordinated investor relations campaigns and also acted as PA for various senior directors.

Maha Dassarath,

Maha Dassarath

Head of Finance

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Maha joined Kestrel in January 2015 as financial controller and was appointed head of finance in May 2016. She studied at the London School of Economics and later qualified as a chartered accountant with a medium sized practice, where she worked predominantly in audit.

Adam Coals,

Adam Coals

Middle Office

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Adam has been working with Kestrel since 2014. He has over a decade of experience working in investment management starting his career with an independent alternative investment manager before leaving in 2007 to become a founding partner at LPR Consulting. LPR Consulting are a partnership that provides out-sourced middle office services to several alternative investment managers. Adam holds the IMC qualification.

Joe Quinn,

Joe Quinn


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Joe joined Kestrel in October 2016 to assist with all aspects of trading. Previously, Joe spent 5 years at ETX Capital trading global equities and futures for High Net Worth and Institutional clients.

Sarath Kotamarthi,

Sarath Kotamarthi

IT Consultant

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Sarath joined Kestrel in December 2012 and is responsible for database maintenance for Kestrel’s internal systems. He also collects, organises, analyses and reports on non macro-economic and financial market data in support of Kestrel’s operations.

Sarath has four years experience in network administration, previously working for PC DOCTOR 24. He has completed his BSc in computer science in India and MSc in computer networking.

Helen Saunders,

Helen Saunders

Middle Office

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Helen started working with Kestrel in January 2014 and provides middle office support. She was formerly an IFA Business Development Manager with Aviva plc responsible for developing IFA Networks, National and Key Accounts in their strategic business planning, development and management. Helen has 30 years experience in the financial services industry including running her own IFA practice, consulting to a National IFA and Employee Benefit office working as a Technical Training Manager with a major life office ands more recently providing back and middle office operational advice and support to a number of boutique fund managers.

Pramila Prasingu,

Pramila Prasingu

Web Admin and Data Analyst

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Pramila joined Kestrel in August 2011 and works as web administrator and data analyst. She began her career with Andhra Bank in India and moved to the UK in 2010 to pursue her Masters degree. While studying for this, Pramila gained financial sector experience at Iveagh.