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The 2016 Fintech Finance 35: Calvin Choi

< Fintech's Most Powerful Dealmakers of 201631. Calvin ChoiChairmanAMTD GroupPNR

Backed by leading Hong Kong tycoons, including Li Ka-shing, AMTD Group has become a force in the capital markets advisory business, leading recent H-share offerings of Everbright Securities Co. ($1.1 billion), Bank of Tianjin Co. ($950 million), and Bank of Qingdao Co. ($640 million), among other transactions. Calvin Choi, a former UBS and Citigroup investment banker who became AMTD chairman in February, is opening up an investment channel in a sector he defines as “Greater China fintech opportunities” — and he has a whopping $1 billion to deploy. “We expect to see accelerated growth in fintech investing following the increased scrutiny by regulators and attention from institutional players regionally,” says Choi, 38, who was previously a managing director at UBS Investment Bank, a member of that bank’s global family office committee in Hong Kong, and head of Citi’s China strategic alliance unit. AMTD and related stakeholders own 10 percent of Shanghai-based peer-to-peer lender Dianrong, which Choi says is within two years of an IPO. He notes that Chinese P2P company Yirendai has already gone public. Yet another, Lufax, is expected to follow next year, and Choi anticipates “gradual consolidations and mergers” will follow over time. “Expect more global fintech players to establish partnerships with local players and alliances with institutions regionally to expand beyond their local markets,” he says. Conversely, he predicts Greater China investors will move into North American markets, following a trail blazed by Singapore’s Shanda Group, headed by Chinese gaming magnate Chen Tianqiao; Shanda bought 11.7 percent of then-troubled Lending Club in May and raised its stake to 15.1 percent in June.

 The 2016 Fintech Finance 35 Click below to view profiles
1. Jonathan KorngoldGeneral Atlantic2. Matthew HarrisBain Capital Ventures3. Jane GladstoneEvercore Partners4. James Robinson III & James
Robinson IV
RRE Ventures5. Steven McLaughlinFinancial Technology Partners6. Amy Nauiokas & Sean ParkAnthemis Group
7. Richard Garman &
Brad Bernstein
FTV Capital8. Gerard
von Dohlen
Broadhaven Capital Partners9. Darren CohenGoldman Sachs Group10. Hans MorrisNyca Partners11. Meyer (Micky) MalkaRibbit Capital12. Maria GotschPartnership Fund for New York City
13. Barry SilbertDigital Currency Group14. Jay ReinemannPropel Venture Partners15. Mariano BelinkySantander InnoVentures16. Justin Brownhill & Neil DeSenaSenaHill Partners17. François RobinetAXA Strategic Ventures18. Vanessa ColellaCiti Ventures
19. Michael SchleinAccion International20. Kenneth MarlinMarlin & Associates21. Rumi MoralesCME Ventures22. Alastair (Alex) RampellAndreessen Horowitz23. Steve GibsonEuclid Opportunities24. Fabian VandenreydtSWIFT
25. Vladislav SolodkiyLife.SREDA26. Gardiner Garrard IIITTV Capital27. Nektarios LioliosStartupbootcamp Fintech28. Lawrence WintermeyerInnovate Finance29. Bina KalolaBank of America Merrill Lynch30. Hyder JaffreyFintech Innovation
31. Calvin ChoiAMTD Group32. Janos BarberisFinTech
Hong Kong33. Jalak JobanputraFuture Perfect Ventures34. Sopnendu MohantyMonetary Authority of Singapore35. Oskar Mielczarek
de la Miel
FinTech Fund

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