Kestrel Opportunities

Managers and Investment Committee

Ari Zaphiriou-Zarifi,

Ari Zaphiriou-Zarifi


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


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.

Oliver Scott,

Oliver Scott


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 IDOX plc and IQGeo Group plc.