Cathay appoints executive president, makes partner promotions

This is part of a broader leadership build-out, including the promotion of Siqi Chen and Lijun Ding as partners in the China. In December, the firm named Matthieu van der Elst, formerly CEO of France’s Michelin Ventures, as its first chief impact officer.

Yeung will oversee the global management and evolution of the firm, spanning four continents and eight offices, with a strong focus on innovation ecosystem building.

He joined Cathay last year to launch Cathay Entrepreneur and the Connect & Consult platform, both of which focus on coaching, networking, accessing market insights, and ecosystem collaboration. He has 20 years of experience in organizational management and business transformation, including stints at Tencent Holdings, Alibaba Group, and China Resources Group.

“We are honored to have him step into the role of executive president to enhance Cathay’s corporate infrastructure, digital capabilities, and create unique value in future strategic deployments,” Mingpo Cai, founder of Cathay, said in a statement.

“At Cathay, we built our global platform under the belief that extraordinary companies are not built in silos and while capital is key, it’s no longer enough. Professor Yeung has already launched new innovative programs that have up-leveled our usefulness as investors, partners, connectors and advisors that will be deepened further by improving collaboration across our global ecosystem, enabling all of us to create a better future together.”

Cathay, which specializes in China-connecting cross-border investments, has been ramping up its innovation agenda in recent months. This activity includes raising $120 million for its debut China smart energy fund, which Cai described as focused on building “connections between the energy sector’s superpowers and the smaller players developing technologies from the ground up.”

Earlier this year, the firm closed its second flagship innovation fund at around $789 million, targeting start-ups in China, Europe, and North America. Cathay raised $348 million for its first innovation fund in 2015.

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• Topics
• Greater China
• GPs
• People
• Technology
• Cathay Capital Private Equity
• Appointments
• China