Converge ICT Solution Inc. yesterday said it has appointed seasoned investment banker and finance executive Robert Leo Yu as the company’s chief finance officer (CFO).
Converge’s board of directors approved the appointment of a new CFO on May 10.
Yu also served as a consultant at Converge from 2018 – 2019, putting in place a strategic and efficient capital structure plan for the company based on its performance and projected growth.
An experienced corporate finance professional with over 15 years of practice in investments and valuation, Yu was a director of Malaysia-headquartered private equity firm Creador which handles $2.3 billion in funds across South and Southeast Asia before joining Converge.
Previously, Yu was an Investment Principal at Sierra Madre Advisers Inc., which makes equity investments in ambitious companies in the Philippines spanning a diverse range of sectors. He was one of seven investment professionals in the company managing around $70 million of growth capital dedicated to lower-middle market enterprises. Prior to that, he rose through the ranks at Morgan Stanley (Southeast Asia and Consumer Coverage).
