Marc Pauwels studied economics (with a specialisation in accountancy) in Brussels. Following this, he obtained a degree at the “fiscale hogeschool” in Brussels. Marc worked as a tax advisor, before joining the former CERA Bank in Leuven, where – for two years – he was responsible for reporting on the “Risk Weighting Capital Assets Ratio” to the Belgian Banking, Finance and Insurance Commission. He was then made responsible for the administration and accountancy of the investment funds promoted by the bank. He joined Capricorn in 1998 and is since principal Fund Administrator for the Quoted Equity Funds, Quest for Growth and Quest Cleantech Fund.