Weatherman Capital Advisors Limited

For the next 3-4 months as Interim Trustee to PBF, it will address PBF issues.

Paul shared that PBF’s profile shows it is one of the largest equity fund in PNG that consists of blue-chip companies in PNG like Trukai Rice, Toyota Tsusho, BOC Gas and Origin Gas to name a few.

Chairman for SCPNG, James Joshua said the appointment was after the cancelation of the Melanesian Trustee Services Limited (MTSL) as a Trustee and Fund Manager for the PBF.

He said the changes were pursuant to the Commission’s powers under section 48(1)(a), (2)(a)(i)(iii), (5), (10) and Section 202 of the Capital Market Act 2015.

The commission has now tasked Weathermen to fix up PBF and other key deliverables that includes;