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Fatfish Group appoints investment banking pioneer to board of its ASEAN Fintech subsidiary

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Tech venture capital firm Fatfish Group (ASX:FFG) has appointed Frank Au as non-executive director of its subsidiary ASEAN Fintech Group (formerly known as Fatfish Disruptive Ventures).

Mr. Au is considered a pioneer in the investment banking industry in Asia, with over 30 years of experience in the technology and corporate sectors.

He was instrumental in bringing many initial public offerings of Chinese internet unicorns to US financial markets and acted as an underwriter for the IPOs of JD.com, Qunar, Weibo, Qihoo360, DangDang and China. .com.

He has also led capital markets and advisory operations in industries including e-commerce, mobile services, online gaming, social media, live streaming, software and telecommunications equipment.

In 2017, Mr. Au acted as an advisor in the sale of a majority stake in China’s largest dating and matchmaking company Zhenai.com to Asian alternative investment management group PAG.

Carrier start

Mr. Au began his career at Lehman Brothers and worked in the Hong Kong and New York offices where he led the Greater China Internet Investment Banking team.

He later served as Chairman of China Renaissance Holdings and is the former Managing Director of Cowen and Company Asia.

Previously, he co-founded Chinese investment bank Latitude Capital, which was later acquired by Cowen.

Mr. Au is currently co-founder and managing partner of Chinese private investment firm PacificPine Group.

He is a member of the board of directors of the portfolio companies of PacificPine, PacificPine Sports, PGA Youth Academy, Five-Star Sports, Zhenai, Nuance Biotech, Westyle and YouYao.

He also sits on the advisory boards of Chinese companies Venturous Group and Homaer Financial.

Investment opportunity

As part of his tenure as ASEAN Director, Mr. Au was granted an option to invest in Fatfish via 1 million options with a strike price equivalent to the volume-weighted average price five days from the date of his appointment.

The options will have a vesting period of 12 months and will be valid for three years.

ASEAN Fintech Group will continue to lead Fatfish’s expansion into the Southeast Asian fintech market using an aggressive investment strategy.