Frontier markets specialist Exotix appoints two for U.S. expansion


Exotix, the London-based specialist in frontier markets such as Africa and the Middle East, has appointed Ashley Bendell and Michael Muller to expand the firm’s U.S. marketing operations.

The firm, which has established a presence among 12 sub-Saharan markets within the last 18 months – including Kenya, Nigeria and the Ivory Coast – is making a concentrated push to address what it sees as growing interest in that region from U.S. hedge funds and other investors. “Hedge funds are looking at other opportunities, and African economic growth is enticing,” said Bendell. “The number of democracies has increased dramatically over