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The 2016 Fintech Finance 35: Calvin Choi

No. 31

31. Calvin Choi
AMTD Group

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

1. Jonathan Korngold
General Atlantic
2. Matthew Harris
Bain Capital Ventures
3. Jane Gladstone
Evercore Partners
4. James Robinson III & James
Robinson IV
RRE Ventures
5. Steven McLaughlin
Financial Technology Partners
6. Amy Nauiokas & Sean Park
Anthemis Group
7. Richard Garman &
Brad Bernstein
FTV Capital
8. Gerard
von Dohlen
Broadhaven Capital Partners
9. Darren Cohen
Goldman Sachs Group
10. Hans Morris
Nyca Partners
11. Meyer (Micky) Malka
Ribbit Capital
12. Maria Gotsch
Partnership Fund for New York City
13. Barry Silbert
Digital Currency Group
14. Jay Reinemann
Propel Venture Partners
15. Mariano Belinky
Santander InnoVentures
16. Justin Brownhill & Neil DeSena
SenaHill Partners
17. François Robinet
AXA Strategic Ventures
18. Vanessa Colella
Citi Ventures
19. Michael Schlein
Accion International
20. Kenneth Marlin
Marlin & Associates
21. Rumi Morales
CME Ventures
22. Alastair (Alex) Rampell
Andreessen Horowitz
23. Steve Gibson
Euclid Opportunities
24. Fabian Vandenreydt
25. Vladislav Solodkiy
26. Gardiner Garrard III
TTV Capital
27. Nektarios Liolios
Startupbootcamp Fintech
28. Lawrence Wintermeyer
Innovate Finance
29. Bina Kalola
Bank of America Merrill Lynch
30. Hyder Jaffrey
Fintech Innovation
31. Calvin Choi
AMTD Group
32. Janos Barberis
Hong Kong
33. Jalak Jobanputra
Future Perfect Ventures
34. Sopnendu Mohanty
Monetary Authority of Singapore
35. Oskar Mielczarek
de la Miel
FinTech Fund

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