Executive Management

Alexander Tancock

Mr. Tancock has been a pioneer in the global RE industry over the last 19 years, having been involved in the development, construction, and operation of over 3GW of RE projects, both onshore and offshore, in Europe and across the Asia-Pacific region. After working for E.ON in the UK and CWP in Australia, Alex founded Wind Prospect (HK) Limited in 2005 to work in the growing Chinese RE market and to develop the proposed 200MW Hong Kong Offshore Wind Farm. The business was sold to CLP Group, one of the largest utilities in Asia, in 2013. After the sale, he co-founded InterContinental Energy. Given his expertise in the sector, Mr. Tancock has advised banks as well as government and private equity groups on renewable energy. Specifically, he has worked with Asia Pacific Capital, Modern Group, and Swire Pacific Offshore on over US$5B of deals spanning the last decade. As a result, the senior management of ICE has a long history of working together. Mr. Tancock remains an advisor to two private equity funds, Oxford Capital Partners and Nature Elements Capital. Mr. Tancock graduated from Imperial College, UK, with a BSc in Theoretical Physics, and is a Chartered Financial Analyst.

W. Gage McAfee

Mr. McAfee is Managing Director of Asia Pacific Capital, launching the GE Asia Pacific Capital Technology Fund in 2000 and investing on behalf of GE, Acer, Sumitomo, Daido, and Reuters. As Managing Director of Asia Pacific Capital Fund II and the Mongolia Opportunities Fund, Mr. McAfee has managed investments on behalf of BNP Paribas, IFC, EBRD, DEG, FMO, Obvium, Mitsubishi, ORIX, and a number of Asian institutional investors. Mr. McAfee has lived and worked in Asia for over 40 years. He served with the U.S. State Department in Vietnam and was also an Adjunct Professor at Saigon Law School. For more than twenty years, he was with the American law firm Coudert Brothers where he was a founder of their East Asia group in Singapore and later the senior partner in Hong Kong, growing Coudert into the largest international law firm in Asia. He was also a founding partner of ChinaVest, widely credited as one of the first venture firms to enter China and was a General Partner of four ChinaVest funds. As former Chairman of the Main Board Listing Committee and the GEM Listing Committee of The Stock Exchange of Hong Kong and of the Dual Listing Advisory Committee of the Securities and Futures Commission, Mr. McAfee is heavily involved in evolving regulatory issues including corporate governance. He has extensive experience across investment sizes, structures, and industries in Asia, with particular expertise in energy, technology, real estate, infrastructure, and finance. A former chairman of the American Chamber of Commerce in Hong Kong, Mr. McAfee has acted as an adviser to the Asian Development Bank, served on the General Committee of the Hong Kong General Chamber of Commerce, the Law Reform Commission, and was Deputy Chairman of the Hong Kong Community Chest. Mr. McAfee is a member of the Council on Foreign Relations, the International Institute for Strategic Studies, the Asia Center Committee of Harvard University, and served as an adviser to the Hong Kong Basic Law Consultative Committee. Mr. McAfee received an A.B. in Government from Harvard University and a J.D. from Columbia University School of Law.

Alicia Eastman

Ms. Eastman co-founded ICE with Mr. Tancock and was previously Managing Director of Asia Pacific Capital, an asset manager with several private equity funds invested and under management. She was responsible for fundraising, investment, portfolio management and exits for Asia Pacific Capital Fund II, sponsored by BNP Paribas and a consortium of Asian institutional investors. She is a Director of the Mongolia Opportunities Fund, and was responsible for leading investment due diligence on portfolio companies on behalf of the Fund’s investors including IFC, EBRD, FMO, DEG, Mitsubishi, and ORIX. She was also Managing Director of Modern Asia Pacific Capital (“MAP Capital”), a merchant bank advising industrial projects in Saudi Arabia and the Middle East. Ms. Eastman has over twenty years experience investing in Asia, with particular emphasis on India, the Middle East, and Southeast Asia. Previously, she led global strategy and investment at US$11B Elan Pharmaceuticals and was Vice President of Prudential Asia Infrastructure Mezzanine Capital Fund (now Franklin Templeton), focused on infrastructure, technology, and energy investments in Asia. She founded NetFuel Ventures (acquired by the University of Chicago) and held international strategy and investment positions at Cap Gemini Ernst and Young, Lend Lease, and AirTouch International Asian Operations (Vodafone). Ms. Eastman graduated from the Wharton School at the University of Pennsylvania and the Fletcher School at Tufts University. She sits on the Fletcher Asia Advisory Board as well as the Asia Council Executive Committee for Phillips Academy Andover and was a founding member of the Wharton Club in Hong Kong. Alicia is also a Trustee of Prospero, identifying and sourcing donations for grassroots charities worldwide.

Abdulaziz Al-Hamwah

Mr. Al-Hamwah is Co-Founder, Vice Chairman, and CEO of Modern Group of Saudi Arabia and its subsidiaries. Modern Group has an extensive presence in explosives for mining blasting and services, ammonium nitrate, the production of aluminum and steel feedstocks, energy trading and services, pharmaceuticals production, and other large-scale activities in the Kingdom of Saudi Arabia. All of Modern companies have formed joint ventures with international domain experts; worldwide leaders in their fields. Mr. Al-Hamwah was also a Managing Director of MAP Capital, advising global leaders on investment in Saudi Arabia. Prior to founding Modern Group, Mr. Al-Hamwah held senior management positions at SAMBA, the Saudi affiliate of Citibank, for over 20 years. As Bank Senior Credit Officer, Mr. Al-Hamwah sanctioned several billion US dollars of project financing and he was responsible for approving loans to large infrastructure and petrochemical projects promoted by world-class companies, including Aramco, SABIC and Ma’aden. Mr. Al-Hamwah holds an electrical engineering degree from Michigan State University in the United States and has also completed top rated Citibank training courses and business graduate studies.