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VCI Global Appoints Victor Lee as Executive Director

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VCI Global (NASDAQ: VCIG) has announced the appointment of Victor Lee as its new Executive Director, effective November 1, 2024. Mr. Lee, a seasoned private equity professional with 28 years of experience, will succeed Marco Baccanello. His extensive background includes roles at Franklin Templeton, where he was Managing Director and Partner at Templeton Private Equity Partners. Mr. Lee's expertise spans various asset classes, including private equity, growth capital, and venture capital.

Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global, expressed confidence that Mr. Lee's strategic insights will be invaluable for the company's future growth initiatives. VCI Global, a diversified holding company, operates in Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity sectors, with a presence across Asia-Pacific, the US, Europe, and the Middle East.

VCI Global (NASDAQ: VCIG) ha annunciato la nomina di Victor Lee come nuovo Direttore Esecutivo, a partire dal 1° novembre 2024. Il signor Lee, un professionista esperto nel campo del private equity con 28 anni di esperienza, succederà a Marco Baccanello. La sua ampia esperienza include ruoli presso Franklin Templeton, dove era Direttore Generale e Partner di Templeton Private Equity Partners. Le competenze del signor Lee coprono varie classi di attività, tra cui private equity, capitale di crescita e venture capital.

Dato' Victor Hoo, Presidente Esecutivo di Gruppo e CEO di VCI Global, ha espresso fiducia nel fatto che le intuizioni strategiche del signor Lee saranno preziose per le iniziative di crescita futura dell'azienda. VCI Global, una società holding diversificata, opera nei settori della consulenza del mercato dei capitali, fintech, immobiliare, AI e robotica, e cybersecurity, con una presenza in Asia-Pacifico, Stati Uniti, Europa e Medio Oriente.

VCI Global (NASDAQ: VCIG) ha anunciado el nombramiento de Victor Lee como su nuevo Director Ejecutivo, efectivo a partir del 1 de noviembre de 2024. El Sr. Lee, un profesional experimentado en capital privado con 28 años de experiencia, sucederá a Marco Baccanello. Su amplia trayectoria incluye roles en Franklin Templeton, donde fue Director General y Socio de Templeton Private Equity Partners. La experiencia del Sr. Lee abarca varias clases de activos, incluidos el capital privado, el capital de crecimiento y el capital de riesgo.

Dato' Victor Hoo, Presidente Ejecutivo del Grupo y CEO de VCI Global, expresó confianza en que las percepciones estratégicas del Sr. Lee serán invaluables para las iniciativas de crecimiento futuro de la empresa. VCI Global, una empresa de holding diversificada, opera en consultoría de mercados de capitales, fintech, bienes raíces, IA y robótica, y ciberseguridad, con presencia en Asia-Pacífico, EE. UU., Europa y Medio Oriente.

VCI Global (NASDAQ: VCIG)는 Victor Lee를 2024년 11월 1일부터 새로운 전무 이사로 임명했다고 발표했습니다. Lee 씨는 28년 간의 경험을 가진 숙련된 사모펀드 전문가로, Marco Baccanello를 이어받게 됩니다. 그의 폭넓은 경력에는 Franklin Templeton에서 Templeton Private Equity Partners의 전무이사 및 파트너로서의 역할이 포함됩니다. Lee 씨의 전문성은 사모펀드, 성장 자본 및 벤처 자본을 포함한 다양한 자산 클래스에 걸쳐 있습니다.

VCI Global의 그룹 전무 회장 겸 CEO인 Dato' Victor Hoo는 Lee 씨의 전략적 통찰력이 회사의 미래 성장 계획에 귀중할 것이라고 확신했습니다. VCI Global은 다양한 포트폴리오를 가진 홀딩 컴퍼니로, 자본 시장 컨설팅, 핀테크, 부동산, AI 및 로보틱스, 사이버 보안 분야에서 아시아 태평양, 미국, 유럽 및 중동 전역에 걸쳐 활동하고 있습니다.

VCI Global (NASDAQ: VCIG) a annoncé la nomination de Victor Lee au poste de nouveau Directeur Exécutif, prenant effet le 1er novembre 2024. M. Lee, un professionnel chevronné du capital-investissement avec 28 ans d'expérience, succédera à Marco Baccanello. Son parcours vaste inclut des postes chez Franklin Templeton, où il était Directeur Général et Associé chez Templeton Private Equity Partners. L'expertise de M. Lee couvre diverses classes d'actifs, y compris le capital-investissement, le capital de croissance et le capital-risque.

Dato' Victor Hoo, Président Exécutif du Groupe et CEO de VCI Global, a exprimé sa confiance dans le fait que l'aperçu stratégique de M. Lee sera inestimable pour les futures initiatives de croissance de l'entreprise. VCI Global, une société de holding diversifiée, opère dans les secteurs de la consultation en marchés de capitaux, de la fintech, de l'immobilier, de l'IA et de la robotique, ainsi que de la cybersécurité, avec une présence dans la région Asie-Pacifique, aux États-Unis, en Europe et au Moyen-Orient.

VCI Global (NASDAQ: VCIG) hat die Ernennung von Victor Lee zum neuen Geschäftsführer bekannt gegeben, die am 1. November 2024 wirksam wird. Herr Lee, ein erfahrener Private-Equity-Manager mit 28 Jahren Berufserfahrung, wird Marco Baccanello nachfolgen. Sein umfangreicher Hintergrund umfasst Positionen bei Franklin Templeton, wo er geschäftsführender Direktor und Partner von Templeton Private Equity Partners war. Die Expertise von Herrn Lee erstreckt sich über verschiedene Anlageklassen, einschließlich Private Equity, Wachstumskapital und Risikokapital.

Dato' Victor Hoo, Vorsitzender der Geschäftsführung und CEO von VCI Global, äußerte sich zuversichtlich, dass die strategischen Einblicke von Herrn Lee für die zukünftigen Wachstumsinitiativen des Unternehmens von unschätzbarem Wert sein werden. VCI Global, ein diversifiziertes Holdingunternehmen, ist in den Bereichen Kapitalmarktberatung, Fintech, Immobilien, KI und Robotik sowie Cybersicherheit tätig und ist in Asien-Pazifik, den USA, Europa und dem Nahen Osten präsent.

Positive
  • Appointment of Victor Lee, an experienced private equity professional, as Executive Director
  • Lee's 28 years of experience across various asset classes could bring valuable expertise to the company
  • Potential for new strategic insights and growth initiatives due to Lee's background in deal origination and strategy formulation
Negative
  • None.

KUALA LUMPUR, Malaysia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”), a diversified holding company with expertise in consulting, fintech, AI, robotics and cybersecurity, is pleased to announce the appointment of its new executive director, Victor Lee, starting November 1, 2024. This strategic transition is designed to strengthen the Company’s leadership and better align with its evolving business landscape and go-forward strategy.

VCI Global is pleased to welcome Mr. Victor Lee to the board as Executive Director, succeeding Marco Baccanello. Mr. Victor Lee is a seasoned private equity professional with 28 years of experience across various asset classes, including private equity, growth capital, leveraged buyouts, distressed assets, venture capital, private credit and cryptocurrency.

Mr. Lee spent the last 19 years at Franklin Templeton, a leading global asset management firm, where he held several senior roles in private equity and alternative strategies. As Managing Director, he was instrumental in developing new initiatives in alternative investments and served as a Partner at Templeton Private Equity Partners and Co-Head of Private Equity for North Asia. Throughout his career at Franklin Templeton, he played a key role in deal origination, structuring, and strategy formulation, with a focus on North Asia, Turkey, and Central Asia, leveraging an extensive network and deep industry resources.

Prior to joining Franklin Templeton in 2005, Mr. Lee worked with Mizuho Securities Asia Limited, CLSA Capital Partners, and UBS Group AG, where he focused on private equity and leveraged buyout transactions across Asia. Following his recent departure from Franklin Templeton in the latter half of 2024, he founded Novacle Ventures Ltd., a firm specializing in distressed and special situations investments globally. Additionally, Mr. Lee has been appointed Vice Chairman of the Global Investment Fund, the investment platform for the World Trade United Foundation, a United Nations consultative NGO.

Mr. Lee holds a bachelor's degree in business administration with a concentration in professional accountancy from the Chinese University of Hong Kong and is a Fellow of the Association of Chartered and Certified Accountants (ACCA), UK.

“Victor Lee’s extensive experience and strategic insights will be invaluable as we navigate the dynamic market landscape,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. “We look forward to his contributions and believe his expertise will play a pivotal role in driving our future growth initiatives.”

About VCI Global Limited

VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.

For more information on the Company, please log on to https://v-capital.co/

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:

VCI Global Limited
enquiries@v-capital.co


FAQ

When will Victor Lee start as Executive Director of VCI Global (VCIG)?

Victor Lee will start as Executive Director of VCI Global (VCIG) on November 1, 2024.

What is Victor Lee's background before joining VCI Global (VCIG)?

Victor Lee has 28 years of experience in private equity, including 19 years at Franklin Templeton where he was Managing Director and Partner at Templeton Private Equity Partners.

What are the main business areas of VCI Global (VCIG)?

VCI Global (VCIG) operates in five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity.

Who did Victor Lee replace as Executive Director at VCI Global (VCIG)?

Victor Lee succeeded Marco Baccanello as Executive Director at VCI Global (VCIG).

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