Source: Finet Group
Finet Group Limited (Finet, SEHK: 8317), a foremost financial services provider in Greater China specializing in the provision of integrated information solutions to global Chinese investors, today announced the appointment of Mr. William Hay to its board of directors.
Mr. Hay brings a wealth of legal and financial expertise in private equity and distressed assets to the Finet board.
A qualified solicitor in Hong Kong and a member of the New York State Bar Association, Mr. William Hay has extensive experiences representing financial and strategic investors in all aspects of private equity transactions from inception through exit. Notable transactions include the establishment of a US$100 million distressed debt investment company targeting at China; the acquisition, financing and disposition of a distressed US$1 billion sports complex in Western Japan; the structuring, acquisition, servicing and settlement of US$3 billion in distressed debts in Thailand and Korea; as well as completion of more than 12 acquisitions and joint ventures across Asia for GE Capital.
At present, Mr. Hay is the managing director of William Hay & Co, an investment company active in China. Previously, he was the general counsel of Colony Capital Asia Limited, a global real-estate opportunity fund manager, the general counsel of GE Capital Asia Pacific and a partner of Lovells, one of the world's largest law firms. He had previously practised corporate and financial law in New York City for 13 years, where his practice included inward investment to China.
"I would like to welcome Will to our board. His strong credentials in private equity and distressed asset transactions together with firsthand experience in China investments are advantageous to Finet's ongoing search for acquisitive growth. In addition, his integrity and leadership are the common qualities of our board members, whose collective expertise helps the company pursue best practice in corporate governance," said Dr. George Yu, Finet's chairman and CEO.
Mr. Hay received a B.A. from the University of California at Berkeley, an A.M. from Harvard University in East Asian Studies, and a J.D. from Harvard Law School. He has been a resident in Hong Kong since 1995 and fluent in spoken and written Mandarin Chinese.
Mr. William Hay replaces Mr. Ng Ching Wo, Finet's outgoing independent non-executive director and the partner of Arculli Fong & Ng, who has resigned to focus on managing his firm's expansion in China.