Fintech Bank Nabs Ex-Hong Kong Finance Chief

A fintech-focused merchant bank has snapped up the services of Hong Kong’s former financial secretary. The trend of bankers and finance heavyweights crossing over to join fintech firms moved up a notch in Asia. Ion Pacific, a Hong Kong-based merchant bank, appointed Hong Kong’s former financial secretary John Tsang Chun-wah as its vice-chairman, the bank said in a statement. Tsang […]

Former financial secretary John Tsang joins Ion Pacific

The bank said Tsang’s entrepreneurial vision that powered his bid for the highest office in Hong Kong last year, mirrors its own drive to be part of the city’s continuing development as a global technology hub John Tsang Chun-wah, Hong Kong’s former financial secretary who was defeated last year in his bid to become the […]

Hong Kong’s Ion Pacific makes first close of debut structured secondaries fund

Hong Kong-based investment and merchant bank Ion Pacific has announced the first close of its debut tech-focused structured secondaries fund, its fifth fund to date, which will invest globally with a focus on Israel and Asia. The bank, which has offices in London and Tel Aviv, did not disclose the actual amount raised for the […]

Facebook Buys Software from Icelandic Tech Company

Icelandic software company Videntifier has signed a major contract with Facebook for use of the visual search engine software that the company has spent the last decade developing. Videntifier’s technology gives computers the ability to recognize complex visual information—both stills and moving images—no matter the format or whether the image has gone through modifications. Interpol […]

Hong Kong-Based Investment Bank Ion Pacific to Launch Israeli Outpost

Ion Pacific plans to invest at least $100 million in the Israeli market in the next 12-18 months, says founder and co-CEO Itamar Har-Even By Amarelle Wenkert Hong Kong-based investment bank Ion Pacific Ltd. is set to launch its Tel Aviv outpost on Wednesday. Eran Zack, formerly head of investment banking at Poalim Capital Markets […]