Mary Ann Tsao is the Chairman and Founding Director of the Tsao Foundation, a Singapore-based – but regionally oriented – non-profit operational foundation dedicated to aged care and ageing issues. Previously, she was also its CEO and President.
Tsao Foundation aims to address issues of population ageing, promote successful ageing and enhance wellbeing of older people at policy and practice levels by catalyzing constructive change.
Dr. Tsao has served on numerous boards and committees of government and non-profit organizations in Singapore as well as internationally. She currently chairs the advisory board of Duke-NUS’ CARE (Centre for Ageing Research and Education). For her work on ageing, she received the Public Service Medal (PBM) in 2000, Public Service Star (BBM) in 2004, and Public Service Star (Bar) in 2015 from the government of Singapore.
Dr. Tsao has also worked with numerous multilateral agencies, such as World Health Organization Geneva office’s Ageing and Life Course unit, and has been a resource person and technical advisor to other United Nations agencies, such as UNESCAP (United Nations Economic and Social Commission for Asia and the Pacific) and the ASEAN Secretariat.
A member of a business family, Dr. Tsao is also involved with FBNA (Family Business Network Asia) as a Board Director as well as various family business and non-profit projects.
Born and raised in Hong Kong, Dr. Tsao is a US trained physician with a public health background, specializing in community and primary care planning and social medicine. She has extensive experience working with disadvantaged communities in the US and Singapore.
Chavalit Frederick Tsao is the Chairman of IMC Pan Asia Alliance Group (IMC Group) and President of the Family Business Network (FBN) Asia. The family business started in the Shanghai Bund before 1906. Mr. Tsao joined his family business at twenty years old after he graduated from the University of Michigan with a Master of Science in Engineering (Industrial and Operations Engineering) and a Bachelor of Science in Engineering (Navel Architecture and Marine Engineering). In 1995 and at the age of thirty-eight, Mr. Tsao took over the helm from his father, Tan Sri Frank Tsao, to become the fourth generation steward of the family business. Under his leadership as Chairman of the IMC Group, he transformed the traditional shipping company into a multi-national conglomerate with four strategically diversified business areas in more than 17 countries.
Mr. Tsao has served on numerous maritime and non-profit organisations. Notably, he served for seven years as Chairman of Intercargo, an international dry cargo shipping organisation. He also created a number of platforms to promote collaboration between the maritime industry, regulators and related non-profit organisations. At present, he remains an Executive Committee member of Intercargo.
Bryan has over 25 years of investment experience managing global multi asset portfolios. He has varied experience from managing Asian and European equities at Arab Bank to managing hedge fund portfolios at Oaks Family Office. He also has business experience co-founding First Avenue Partners, an alternative investment advisory business in London, and later heading alternative investments at DBS Private Bank. Bryan was CIO of Bordier Singapore before joining Tsao Family Office, family office of the Tsao Group, as CEO/CIO.
Wai Chiew has over 20 years of experience in global investment management and strategic business development, having been active in leading various companies on transformational growth strategies, fundraising and M&A. In his previous roles at Temasek and other funds, he has led and managed investments across multiple industries and geographies, deploying capital for institutions as well as multiple family offices. Given his passion in building disruptive new ventures, he thoroughly enjoyed commercialising biomedical and engineering deep tech ventures from Singapore’s public research institutes while at A*STAR, and also co-founded an advanced technology accelerator supported by the Singapore Government.
Since joining Heritas Capital, Wai Chiew has expanded its private equity investment portfolio and initiated venture capital and fund-of-funds investments into healthcare, education and technology sectors globally. In line with Heritas’ “do well, do good” investment philosophy, he has overseen the integration of Environmental, Social and Governance (ESG) considerations into its investment processes. Wai Chiew also actively serves as a director on multiple boards to advocate sustainable growth and sound governance.
Wai Chiew was awarded the Glaxo-EDB scholarship and holds a BA in Economics from University of Cambridge, UK; MA from Yale University, USA; and completed his EMBA (conducted in Mandarin) from Cheung Kong Graduate School of Business, China. He has also served as Honorary Treasurer with the Singapore Venture Capital and Private Equity Association (SVCA), and currently serves as a member of its ESG committee.
Janet has over 15 years of experience in early-stage and private equity investments, debt restructuring and business development across investment institutions, family offices, MNCs and start-ups. Having co-founded an education technology start-up and been the pioneering member of a health technology start-up, Janet is passionate in the creation of new solutions and businesses that deliver positive and tangible impact to the people it serves.
Prior to joining Heritas Capital, she was previously with Affinity Equity Partners executing on public-to-private, leverage buy-out and growth capital transactions exceeding US$3 billion in Asia, and EDB Ventures investing and managing early-stage opportunities across education, technology and fast-moving consumer goods sectors.
Janet graduated with an MSc in Applied Finance from Singapore Management University and BBA (Hons) from the National University of Singapore.
Charis has 15 years of experience in investment management and corporate finance across investment institutions, family offices and corporates. Her past experiences include M&A, JV partnerships, and investment execution and deal management across healthcare, education, technology, financial institutions group, and oil and gas industries in Fortune 500 and various private equity firms across Asia.
Charis currently sits on the board of Timberland Medical Centre, a leading private hospital in East Malaysia, and BHL Education, a leading provider of K-12 private education in Vietnam. She also serves as an executive committee member of Timberland Medical Centre and is responsible for various oversight of operational and strategic initiatives.
Charis graduated with a Double Degree (BBM in Finance and BSc in Economics) with High Distinction (Magna Cum Laude) from the Singapore Management University. She has also completed an executive program at Tsinghua University School of Economics and Management in Beijing, China.
George was previously Managing Director at Morgan Grenfell (Asia) Limited, Merrill Lynch International Bank Limited, Sun Hung Kai Securities Pte Ltd and Lum Chang Securities Pte Ltd. He was also an Executive Director and Partner of Kay Hian Pte Ltd (now UOB Kay Hian Securities Limited). He has acted as a financial consultant to several private families and public listed companies, including Orchard Parade Holdings Limited and Provision Suppliers Corporation Limited.
He has also been Executive Chairman of two public listed companies; one in precision engineering plastics and the other in audio and video produce and services which were re-organised and subsequently sold via takeover or reverse takeover. He has served as Independent Director and Chairman of the Audit Committee of various companies listed in Singapore and in Kuala Lumpur, Malaysia. After serving six years as Independent Commissioner and Chairman of the Audit Committee at PT Indosat TBK (listed on Bapepam Indonesia), he stepped down in June 2013.
George also served as a Director and Chairman of the Board of Mount Alvernia Hospital for seven years and was its interim CEO from January to July 2013. Currently, he sits on the board of the National Cancer Centre’s Community Cancer Fund and Yoma Strategic Holdings Limited. He is also appointed as a Trustee for NCC Research Fund and member of the Governing Council of the Singapore Institute of Management.
Bruno is currently Head, Group Corporate Finance for the IMC Group and has more than 15 years’ experience in investments, strategy and corporate finance in the Natural Resources sector both in Australia and overseas. He has worked for the IMC Group for the past nine years and previously worked for Vale in Brazil and Rio Tinto in Australia in roles encompassing strategic planning, M&A and business development.
Bruno holds a Bachelor of Civil Engineering, MBA and is a CFA Charterholder. Bruno is an alternate director representing the IMC Group on the Boards of Millennium Minerals Ltd (ASX:MOY) and Horizon Oil Limited (ASX:HZN).
Roy has more than 25 years of experience in finance, investment, private equity and business. In the first half of his career, he worked in Citibank, Schroders Investment Management, a Family Office and UBS Securities. He then ventured into his first business in diagnostic imaging under the “RadLink” brand, raised capital and build the business into a chain including a state-of-the-art Cyclotron facility in Singapore, before divesting it to the Fortis Group. A few years ago, he commenced his second business in private education specialising in American curriculum and e-delivery technology. His group is currently embarking on an Asia-Pacific rollout plan.
Roy also holds four professional titles, namely Chartered Financial Analyst, Chartered Alternative Investment Analyst, Chartered Financial Consultant and Chartered Life Underwriter, in addition to a Bachelor of Business Administration from the National University of Singapore.
Sin Hong has more than 15 years of experience in governance, risk, compliance, corporate finance and investment management. Prior to joining Heritas Capital, he was Associate Director at IMC Pan Asia Alliance Group and was responsible for the development of policies and procedures as well as corporate governance activities of the group. He also served as Vice President of Mergers & Acquisitions at Sembcorp Industries Limited and Assistant Vice President of Finance at Sembcorp Environmental Management.
Sin Hong graduated with a Master of Business Administration (with Distinction) from Cornell University and a Bachelor of Science in Mechanical Engineering from the University of California, Berkeley. He also holds an Advanced Certificate (with Distinction) in Governance, Risk and Compliance from the International Compliance Association (ICA).
Pau Lee has more than 15 years of experience in finance, human resources and administrative functions. She also has experience in fund administration for more than 10 years. Prior to joining Heritas Capital, she was with Tembusu Partners, responsible for fund administration, finance and human resource functions.
Pau Lee graduated with a Bachelor of Science in Accounting and Finance from University of London.
Sharen has more than 15 years of experience in middle and back office operations in the Fund Management industry and office administration. Prior to joining Heritas Capital, she was with Prudential Asset Management Singapore Limited, handling Regional Equities and Fixed Income processing, settlement and corporate actions.
Sharen graduated with a Bachelor of Science in Management from University of London.
Fong Ming is a biomedical scientist with over 15 years of experience conducting cutting-edge stem cell and cancer research using transgenic mouse models before being actively involved in early-stage ventures over the last 5 years. Prior to joining Heritas Capital, Fong Ming was an A*STAR Research Fellow and Vice President at Biotech Connection Singapore, a non-profit ecosystem builder. Since joining Heritas Capital in 2018, Fong Ming leads investments into deep-tech companies and venture capital funds, with a portfolio that spans across biotech, health-tech, and food-tech.
Fong Ming trained as a stem cell and developmental biologist and received his Ph.D. in Biomedical Sciences from the University of California, San Francisco, and graduated Summa Cum Laude with a B.Sc. in Molecular Biology from the University of California, San Diego. Fong Ming is a recipient of the A*STAR National Science Scholarship.
Prior to joining Heritas Capital, Daniel was with Temasek, focusing on investments within the global consumer space as well as Equiteq, a boutique investment bank that focuses on enterprise services, gaining investment and portfolio management experience across a broad range of companies from early-stage start-ups to mid stage growth equity and large cap listed stocks. Since joining Heritas Capital in 2016, he is responsible for deal execution for direct and fund investments as well as actively managed portfolios across healthcare, education and technology sectors within Asia-Pacific.
Daniel holds a Double Degree (Honours) in Business and Accountancy from Singapore Management University with Highest Distinction (Summa Cum Laude) and was also a recipient of the prestigious Lee Kong Chian Scholarship.
Prior to joining Heritas Capital, Jaryl was with Clermont Group, an international business group founded by New Zealand-born billionaire Richard Chandler, where he was responsible for portfolio management of the group’s leading healthcare assets, including execution of M&A transactions, organic growth strategies, on-the-ground operational improvements, and also provided macroeconomic insights to guide portfolio decisions. Jaryl was also previously with PricewaterhouseCoopers’s M&A Advisory covering post-merger integration, corporate finance and valuation services. At Heritas Capital, he is responsible for investment execution as well as driving portfolio management and divestments.
Jaryl holds a Bachelor (Honours) in Accountancy from Nanyang Technological University, is currently a Chartered Accountant of Singapore and a CFA Charterholder.
Since joining Heritas Capital in 2016, Xin Yi is responsible for investment & ESG analysis, and portfolio management in private equity, venture capital, as well as fund investments. She has also led execution of multiple fund investments in the healthcare, education and technology sectors, across all aspects from due diligence to legal documentation review and ongoing portfolio monitoring.
Xin Yi holds a Bachelor of Business Management with High Distinction (Magna Cum Laude) from Singapore Management University.
Upon graduation, Li Wen joined Heritas Capital where she supports investment analysis as well as actively manages portfolios across healthcare, education and technology sectors within Asia-Pacific. Prior to joining Heritas Capital, Li Wen undertook internships with Ernst & Young’s Mergers and Acquisitions (Corporate Finance Advisory) and Citi’s Offshore Wealth Management.
Li Wen holds a Bachelor of Business Management with High Distinction (Magna Cum Laude) from Singapore Management University.
Upon graduation, JingJing joined Heritas Capital where she supports investment analysis, ESG / Impact policy research and analysis, and actively manages portfolios across healthcare, education and technology sectors within Asia-Pacific.
JingJing graduated from The London School of Economics and Political Science (LSE) with a Master of Science in Finance (Distinction), where her thesis was on “The Performance of Impact Investing Strategies and its Implementation Uses”. She also holds a Bachelor of Science in Economics and Management (First Class Honours) from King’s College London.