British International Investment and Singapore-based wealth management platform Endowus have made top-deck appointments in the Asian region.
BII names head of India
British International Investment (BII), a UK development finance institution formerly known as CDC Group, has appointed Manav Bansal as its new head of India and managing director, effective July 1, 2022.
Bansal will oversee the DFI’s ambitions to invest up to $3 billion in India over the next five years and work to further strengthen BII’s presence across India.
Based in Mumbai, Bansal will lead a 40-member team and report directly to the BII managing director and head of Asia Srini Nagarajan, who previously covered India.
With BII pledging to invest up to $1 billion in climate finance in India over the next five years, Bansal and his team will continue to partner with businesses whose ambitions align with the DFI’s climate objectives.
Bansal brings to BII over 20 years of experience as a private equity investor and investment banker in infrastructure, healthcare and technology. He was most recently the CEO of Neev Funds, which is backed by the UK Government.
Endowus appoints head of Hong Kong
Singapore-based wealth management platform Endowus has appointed Steffanie Yuen as its head of Hong Kong to lead the wealth tech startup’s regional expansion.
Yuen will be responsible for leading Endowus’s presence in Hong Kong, as the firm looks to launch its wealth management and advisory service in the city by Q4 2022.
With over 12 years of experience in fintech, wealth management and investment banking, Yuen joins Endowus from Value Partners, where she was responsible for leading the group’s direct distribution, marketing, communications and investor relations functions.
Endowus is Asia’s fee-only wealth platform and licensed by the Monetary Authority of Singapore and Securities & Futures Commission of Hong Kong.
Founded in 2017, Endowus has raised a total of SGD67 million ($47.7 million) in funding from UBS, EDBI, Prosus Ventures, Z Venture Capital, Samsung Ventures, Singtel Innov8, and Lightspeed Venture Partners and SoftBank Ventures Asia.