FVIG appoints Lee Yuen Wai managing director of investment (Asia)
11 February 2014
Category: News, Asia, Global, Singapore, Taiwan
By Asia Asset Management
Taiwan-based global private equity Fortune Venture Investment Group (FVIG) has appointed former UBS AG director Lee Yuen Wai managing director of investments (Asia) based in Singapore.
Mr. Lee was an advisor to FVIG between 2005 and 2008 for its Asian Technology Fund. Until his latest appointment at FVIG, which commenced February 5, he was director of UBS AG in Singapore, overseeing investments of high net-worth individuals in the bank’s private wealth management business.
Mr. Lee will lead FVIG’s fund raising, deal origination and investments for the group in Asia with particular focus on opportunities in Singapore, Malaysia, Indonesia, Thailand and the Philippines.
Mr. Lee is expected to spearhead the launch of two new funds with a combined close of approximately US$500 million.
Founded in 1996, FVIG has invested in leading technology companies in the US and the region. These include United Test & Assembly Center (UTAC) and Frontline Technologies Corporation Ltd, Ntegrator International, as well as leading Taiwanese chip foundries, United Microelectronics Corp (UMC) and Taiwan Semiconductor Manufacturing Co (TSMC). The company has over US$500 million in total accumulated assets under management.