Some senior banking professionals in Singapore aren’t waiting until after Chinese New Year, typically the busiest time for hiring, to change jobs. UOB’s head of mezzanine capital, Wee Yap Yeo, is a case in point. He’s just left the bank to join Fullerton Financial Holdings (FFH) as head of SME credit.
Yeo started work at Singapore-based FFH, a wholly owned independent subsidiary of Temasek that invests in and operates financial institutions in emerging markets, earlier this month, according to his online profile.
Yeo, who has worked in Asian finance for more than 20 years, joined UOB in 2009 to set up its mezzanine capital unit, which invests in alternative investment opportunities in Southeast Asia and Greater China. He was involved in recruiting the new team and establishing its investment strategy, according to the Singapore Venture Capital Association.
Yeo later became chairman of the investment committee of United Orient Capital Fund, an Asian-focused special situation fund that was launched in 2014 by UOB and Japan’s Orix.
Prior to UOB, Yeo worked at JP Morgan from 2007 to 2008 as a VP covering pre-IPO financing. This followed a stint leading the DBS private equity unit covering Greater China and Southeast Asia.
FFH, Yeo’s new employer, made a net operating income of S$2.2bn in 2017, according to its website. The firm’s portfolio includes investments in several Asian financial companies, such as Indonesia’s Bank Danamon and Malaysia’s Alliance Bank. It also works with financial institutions to revamp their business models.
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