Malcolm is a great addition to our team
Hong Kong, China (PRWEB) October 2, 2008
International Finance Capital Ltd. (IFC) today appointed Malcolm CasSelle as Executive Vice President. Mr. CasSelle has over 15 years experience as an international entrepreneur and has been doing business in China since 1998.
"Malcolm is a great addition to our team," IFC Founder and Chairman Didier Rault said. "He is one of the top young entrepreneurs in Asia and is an expert at raising capital and private equity wherever he does business. IFC is counting on his experience and knowledge to help our company find the right investment opportunities. We are all confident that Malcolm will play a pivotal role in driving our company forward and contributing to our growth and success."
After completing degrees in Computer Science at both Stanford University (Masters of Science) and Massachusetts Institute of Technology (Bachelor of Science), Mr. CasSelle began his business career in the IT and technology sector.
In 1998, Mr. CasSelle was recruited to join Pacific Century CyberWorks (PCCW), a Hong Kong-based company that constructed and implemented broadband interactive television. As a key executive from the startup phase, he contributed to the company's growth to a value of US$38 billion at its peak while working with the Asian billionaire Li family. During his tenure at PCCW, the company acquired the oldest Chinese phone company, Hong Kong Telecom. His responsibilities included hiring and managing teams in the areas of production, software, finance, investments, corporate development, marketing and sales. During Mr. CasSelle's tenure, the company raised US$4 billion in equity and US$12 billion in debt.
IFC is a global investment consultancy that specializes in "East to West" and "West to East" capital transactions and is based in Hong Kong with a main office in New York and offices in London, Paris, Frankfurt, Dubai, Tokyo and Singapore.
IFC is currently establishing a new $5 billion China-Arab fund to be based in Hong Kong. IFC will be the co-general partner for the fund, which will be funded equally by Chinese and Middle Eastern money. The intent of the fund is that China has identified approximately 2.5 billion USD of pre-IPO investment opportunities over the next three years that have been allocated to this fund. The Middle Eastern Partner will also provide a mixture of both pre-IPO opportunities and oil-related financial instruments to a value of 2.5 Billion USD. The fund will be a closed-end investment fund running for 5 years with an option to extend.
"This fund will be an important investment vehicle for projects in various industries and regions," Mr. Rault said recently. "China and the Middle East are key players in the world of finance and investment and bringing them together represents a particularly important achievement for our company. We are confident that this China - Arab fund will be successful for all concerned."
IFC is currently pursuing a variety of other investment opportunities in Europe, Asia, the United States and the Middle East. IFC is also involved in a number of merger and acquisition projects in the United States.
For more information about IFC, contact info(at)ifc-group.com.