Zack, who sits on Max Re's board, is also a shareholder and chief investment officer of Alstra, which advises Max Re on its hedge fund investments.

FORBES: Riders on the Storm

Mr. Zaw Zaw's plan was for Max Myanmar to have gained majority control of Aussino, allowing it to raise cash through share sales in Singapore and fund an expansion of its gas-station network across Myanmar.

WSJ: Singapore Stymies Myanmar Mogul Zaw Zaw's Bid for Listing