CDIB Capital International Corp said May 15 that it has hired two Managing Directors, Hamilton Tang and Yinghai Xie in Hong Kong and Shanghai, respectively. CDIB also hired Sandy Ng as senior vice president in the investment and portfolio management team out of Shanghai. Tang is the former group CEO of Simon Murray & Co, while Xie was a Partner of SMC. Ng was previously a principal of SMC. CDIB Capital is the PE arm of China Development Financial Holding Corp.
Hong Kong, May 15, 2017 – CDIB Capital International Corporation (“CDIB Capital”), the private equity arm of China Development Financial Holding Corporation (“CDF”), expands its regional presence and strengthens its team hiring two Managing Directors, Hamilton Tang and Yinghai Xie in Hong Kong and Shanghai, respectively, and Sandy Ng as Senior Vice President in the investment and portfolio management team out of Shanghai.
Hamilton Tang was the Group Chief Executive Officer of Simon Murray & Company and Managing Partner of SMC Capital China (“SMC”), a Greater China focused investment management firm in private equity, long-only funds, hedge funds, fixed income, and other direct investments. Prior to that, his background includes appointments as co-CEO of Lark Entertainment, a regional entertainment company and Vice President at Morgan Stanley investment banking division in New York and Hong Kong. Hamilton received a JD-MBA from Harvard Law School and Harvard Business School, and an undergraduate degree from Harvard College.
Yinghai Xie was a Partner of SMC where he was responsible for private equity investments in China. Prior to joining SMC, he held appointments as Managing Director of Milestone Capital, Vice President of The Carlyle Group, Associate Director of Standard Chartered Private Equity, Investment Manager at Olympus Capital and as an Analyst at Lehman Brothers. Yinghai received a BA degree with High Honors in Economics and Mathematics from Wesleyan University, and is a board member of Li Po Chun United World College of Hong Kong.
Sandy Ng was a Principal of SMC. Prior to joining SMC, she has held appointments as Investment Manager at Xcelerate Ltd., a Shanghai based investment firm focused on early stage companies, and as Project Development Manager in a Singapore based private equity fund focusing on seed stage projects based in Chengdu, China. Prior to that, she managed global enterprise resource planning (ERP) and IT projects at Keppel FELS. She received a BS in Systems Engineering from the University of Pennsylvania.
“We are excited to bring Hamilton, Yinghai and Sandy onboard as we keep expanding our business” says Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital. “They bring not only over 40 years of collective investment experience in Asia but also have been successful entrepreneurs operating businesses in China. They have worked together before and bring an established chemistry to our team.”
“We are delighted to take on the new roles and look forward to working with the team. They have a well-established and uniquely differentiated private equity platform with a highly successful track record” says Hamilton Tang. “We believe that our investment experience and networks will be a great complement to CDIB Capital’s existing capabilities. We look forward to contributing towards the continued growth and development of CDIB Capital.”
About CDIB Capital Group CDIB Capital was founded in 2006 as the international private equity arm of China Development Financial (“CDF”), one of the largest and most established merchant banking groups in Greater China and Taiwan’s first and leading direct investment firm with over 50 years of investing experience in Asia. Benefiting from CDF’s five decades of private equity experience and its extensive resources and networks in Greater China, CDIB Capital has developed and successfully executed its “China-Plus” strategy since 2006. In 2014, CDIB Capital Asia Partners L.P. was formed to continue to pursue its China inbound and outbound strategy as a way to capitalize on the secular growth of China while mitigating associated risks. For queries, please contact Investor Relations at firstname.lastname@example.org.