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Board of Directors

PNGX Board and Management

The Board and Management team at PNGX is composed of seasoned professionals with deep expertise in financial markets, corporate governance, and strategic leadership. This dynamic team is committed to advancing Papua New Guinea’s capital markets by implementing innovative solutions and robust frameworks that foster integrity, transparency, liquidity, and investor confidence. Through their leadership, PNGX continues to strengthen its position as a key player in the nation’s financial sector, driving sustainable economic growth and providing valuable opportunities for local and international investors.

PNGX Group

The PNGX Group is a growing group of diversified financial services companies based in Port Moresby.  The primary operating business is PNGX Markets, Papua New Guinea’s national stock exchange

PNGX Markets

PNGX Markets is Papua New Guinea’s national stock exchange. It is responsible for running and maintaining the independent operations of the stock market in the country.

PNGX primary task is to ensure operate a fair and orderly market.

Services provided by the exchange comprise of listing, trading, settlement and education.

With the use of its technological facility, the PNGX market trading system (powered by NASDAQ), PNGX opens its market every business day between 10am-4pm and ensures trades are carried out by the two participating organizations.

PNGCSD Nominees

PNGCSD Nominees is a nominee company which holds shares in certain overseas companies on behalf of Papua New Guinean shareholders and is the issuer of Depository Interests in those shares.  It is the Depository Interests of those companies which are traded on PNGX Markets.

PNGX Group

Holding Company for the PNGX Group of Companies

David Lawrence

Group Chairman

David Lawrence is the Chairman of PNGX Group Limited. He is a director of the South Pacific Stock Exchange in Fiji, Speech Pathology Australia and Limelight Arts Group.

Mr Lawrence spent over 20 years at ASX in senior roles, was COO of Sydney Stock Exchange and has consulted on financial markets in the Asia Pacific region. He previously served as President of the Australian Compliance Institute and is a Life Member.

Mr Lawrence holds a Masters of Commerce (Finance and Banking) from the University of NSW; Graduate Diploma of Management from Macquarie University Graduate School of Management; Bachelor of Economics (Industrial Relations) from the University of Sydney; and Diploma of Project Management from University of New England.

Mr Lawrence is a director of Pacific Capital Markets Development, the majority shareholder in PNGX Group Limited.

Mr Frank Dunphy

Non-Executive Director

Mr Dunphy has a strong background of compliance and business planning within the financial services and media industries. He is a specialist with more than 25 years' experience in stockbroking, funds management and the operation of stock exchanges.

He was previously Managing Director of the Bendigo Stock Exchange and Chairman of Port Moresby Stock Exchange (now PNGX).

Frank is a founding shareholder of the WTFN Group, leaders in media production and distribution.

Mr Dunphy is a Director of PNGX Group Limited, the WTFN Group and PCMD, the majority shareholder in PNGX Group Limited.

Mr Gerea Aopi, CBE

Non-Executive Director

Mr Aopi achieved several tertiary degrees in Papua New Guinea, and a Master of Business Administration from the University of Queensland. Mr Aopi has substantial public service and business experience in PNG, including Secretary of Finance and Planning and Managing Director of Telikom PNG Limited. He also held the following executive positions with Oil Search Limited (Executive General Manager Stakeholder Engagement and Sustainability, Executive Director and PNG Country Chairman). He was President of Chamber of Mines and Petroleum from 2013 to 2021 and was previously the Chairman of Telikom PNG Limited and Independent Public Business Corporation (IPBC).

Mr. Aopi is a currently a Director of Marsh Limited, PNGX Group Limited and is involved in several other private sector and charitable organisations in Papua New Guinea.

Mr Deepak Gupta

Non-Executive Director

Mr Gupta is an Executive General Manager Kina Funds Management Ltd and Kina Investment and Superannuation Services Ltd at Kina Securities Limited. He has held a variety of senior positions with Westpac, AMP and is former CEO/Executive Director of Trustees Executors, New Zealand's largest corporate trustee business overseeing over NZ$100 billion.

Mr Gupta has strong governance experience having held non-executive director roles on the boards of NZX and ASX-listed companies and a number of private businesses in multiple jurisdictions. He brings substantial experience and a track record of success and innovation across various areas in financial services, investment management, capital markets and regulatory change.

Mr Gupta holds a Bachelor of Commerce and Administration from Victoria University, New Zealand, an MBA from Massey University, New Zealand; a Certificate of Investment Analysis from the University of Otago, New Zealand; and is a Fellow of the Institute of Finance Professionals New Zealand. Mr Gupta is past New Zealand representative on the Asian Securities and Investments Federation; past Chairman of the Institute of Finance Professionals NZ; and past founding director of the CFA Society NZ.

Samson Korawali

Director

Mr Korawali is the CEO/CTO of SNS Tech Pty Ltd, a leading technology services provider in Papua New Guinea. He has served as Chief Developer for the Department of ICT, successfully delivering the eGov portal & Digital ID, and pioneered the integration of Xero's accounting platform with Kina Bank.

Mr Korawali is also the Founder & CEO of Reelae Pty Ltd, a locally developed online learning platform based in PNG and Australia.

PNGX Markets

Operators of PNG’s National Stock Exchange

Sir Robin Fleming

Chairman and Public Interest Director

Sir Robin Fleming KBE CSM was Group CEO and Managing Director of BSP Financial Group Limited having retired in 2022. He worked in the banking industry in Papua New Guinea for 42 years was Group CEO and Managing Director of BSP Financial Group Limited for 9 ½ years.
Sir Robin holds an MBA and a Master of Management from Charles Sturt University. He was awarded a Knight Commander of the Most Excellent Order of the British Empire in June 2023 for services to the banking industry, and the Order of the Star of Melanesia by the Independent State of Papua New Guinea in 2015 for service to community and industry. He is also an Honorary Fellow of PNG IBBM and an Honorary Professor at the University of PNG – School of Business and Public Policy.
Sir Robin is a public interest director of PNGX Markets appointed pursuant to Section 12 of the CMA.

Mr David Lawrence

Non-Executive Director

David Lawrence is the Chairman of PNGX Group Limited. He is a director of the South Pacific Stock Exchange in Fiji, Speech Pathology Australia and Limelight Arts Group.

Mr Lawrence spent over 20 years at ASX in senior roles, was COO of Sydney Stock Exchange and has consulted on financial markets in the Asia Pacific region. He previously served as President of the Australian Compliance Institute and is a Life Member.

Mr Lawrence holds a Masters of Commerce (Finance and Banking) from the University of NSW; Graduate Diploma of Management from Macquarie University Graduate School of Management; Bachelor of Economics (Industrial Relations) from the University of Sydney; and Diploma of Project Management from University of New England.

Mr Lawrence is a director of Pacific Capital Markets Development, the majority shareholder in PNGX Group Limited.

Mr Frank Dunphy

Non-Executive Director

Mr Dunphy has a strong background of compliance and business planning within the financial services and media industries. He is a specialist with more than 25 years' experience in stockbroking, funds management and the operation of stock exchanges. He was previously Managing Director of the Bendigo Stock Exchange and Chairman of Port Moresby Stock Exchange (now PNGX). Frank is a founding shareholder of the WTFN Group, leaders in media production and distribution. Mr Dunphy is a Director of PNGX Group Limited, the WTFN Group and PCMD, the majority shareholder in PNGX Group Limited.

Mr Gerea Aopi, CBE

Non-Executive Director

Mr Aopi achieved several tertiary degrees in Papua New Guinea, and a Master of Business Administration from the University of Queensland. Mr Aopi has substantial public service and business experience in PNG, including Secretary of Finance and Planning and Managing Director of Telikom PNG Limited. He also held the following executive positions with Oil Search Limited (Executive General Manager Stakeholder Engagement and Sustainability, Executive Director and PNG Country Chairman). He was President of Chamber of Mines and Petroleum from 2013 to 2021 and was previously the Chairman of Telikom PNG Limited and Independent Public Business Corporation (IPBC).

Mr. Aopi is a currently a Director of Marsh Limited, PNGX Group Limited and is involved in several other private sector and charitable organisations in Papua New Guinea.

Dr Solomon Awili

Public Interest Director

Dr Awili is a highly experienced Finance & Banking Senior Lecturer, Researcher & Consultant with a demonstrated record of working in the financial industry and higher education sector in both Australia and Papua New Guinea. Skilled in Business Planning, Analytical Skills, Lecturing, International Relations, Capital Market, Market Research and highly knowledgeable with corporate governance principles and practice. Strong finance professional with a PhD (Finance) from Flinders University, Adelaide, SA, Australia, as an Australian Leadership Award Scholarship (ALAS) awardee and a Master of Finance from Curtin University, Perth, WA, Australia, as an Australian Development Scholarship (ADS) recipient. Dr Awili is Chairman of Mapex Training Institute.
Dr Awili is a public interest director of PNGX Markets appointed pursuant to Section 12 of the CMA.

PNGCSD

Future operator of PNG’s National Central Securities Depository

Sir Robin Fleming

Chairman and Public Interest Director

Sir Robin Fleming KBE CSM was Group CEO and Managing Director of BSP Financial Group Limited having retired in 2022. He worked in the banking industry in Papua New Guinea for 42 years was Group CEO and Managing Director of BSP Financial Group Limited for 9 ½ years.
Sir Robin holds an MBA and a Master of Management from Charles Sturt University. He was awarded a Knight Commander of the Most Excellent Order of the British Empire in June 2023 for services to the banking industry, and the Order of the Star of Melanesia by the Independent State of Papua New Guinea in 2015 for service to community and industry. He is also an Honorary Fellow of PNG IBBM and an Honorary Professor at the University of PNG – School of Business and Public Policy.
Sir Robin is a public interest director of PNGX Markets appointed pursuant to Section 12 of the CMA.

Mr David Lawrence

Non-Executive Director

David Lawrence is the Chairman of PNGX Group Limited. He is a director of the South Pacific Stock Exchange in Fiji, Speech Pathology Australia and Limelight Arts Group.

Mr Lawrence spent over 20 years at ASX in senior roles, was COO of Sydney Stock Exchange and has consulted on financial markets in the Asia Pacific region. He previously served as President of the Australian Compliance Institute and is a Life Member.

Mr Lawrence holds a Masters of Commerce (Finance and Banking) from the University of NSW; Graduate Diploma of Management from Macquarie University Graduate School of Management; Bachelor of Economics (Industrial Relations) from the University of Sydney; and Diploma of Project Management from University of New England.

Mr Lawrence is a director of Pacific Capital Markets Development, the majority shareholder in PNGX Group Limited.

Mr Gerea Aopi, CBE

Non-Executive Director

Mr Aopi achieved several tertiary degrees in Papua New Guinea, and a Master of Business Administration from the University of Queensland. Mr Aopi has substantial public service and business experience in PNG, including Secretary of Finance and Planning and Managing Director of Telikom PNG Limited. He also held the following executive positions with Oil Search Limited (Executive General Manager Stakeholder Engagement and Sustainability, Executive Director and PNG Country Chairman). He was President of Chamber of Mines and Petroleum from 2013 to 2021 and was previously the Chairman of Telikom PNG Limited and Independent Public Business Corporation (IPBC).

Mr. Aopi is a currently a Director of Marsh Limited, PNGX Group Limited and is involved in several other private sector and charitable organisations in Papua New Guinea.

PNGCSD Nominees

Nominee company holding underlying assets for Depository Interests

Sir Robin Fleming

Chairman and Public Interest Director

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

Mr David Lawrence

Non-Executive Director

David Lawrence is the Chairman of PNGX Group Limited. He is a director of the South Pacific Stock Exchange in Fiji, Speech Pathology Australia and Limelight Arts Group.

Mr Lawrence spent over 20 years at ASX in senior roles, was COO of Sydney Stock Exchange and has consulted on financial markets in the Asia Pacific region. He previously served as President of the Australian Compliance Institute and is a Life Member.

Mr Lawrence holds a Masters of Commerce (Finance and Banking) from the University of NSW; Graduate Diploma of Management from Macquarie University Graduate School of Management; Bachelor of Economics (Industrial Relations) from the University of Sydney; and Diploma of Project Management from University of New England.

Mr Lawrence is a director of Pacific Capital Markets Development, the majority shareholder in PNGX Group Limited.

Mr Gerea Aopi, CBE

Non-Executive Director

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.