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Sands China Ltd appoints Wang Sing as non-executive director

Monday, 17 July 2017 05:35
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Sands China Ltd has announced the appointment of Mr Wang Sing as an independent non-executive director of the board.

Mr Wang, 53, is currently the vice general manager of CMIG Capital Company Limited and a Senior Advisor to TPG China Limited (Growth Platform). He has also been Chairman of Texas Kang Kai Group of companies since 2015 and the Executive Chairman of Evolution Media China since 2016.

In a filing to the Hong Kong Stock Exchange, Sands China listed Mr Wang’s previous roles, including an Executive Director and CEO of China Minsheng Financial Holding Corporation Limited from February 2016 to May 2017. From 2006 to 2015 he was a partner at TPG Growth Capital (Asia) Limited – a leading global alternative asset firm with over US$70 billion of assets under management. Prior to joining TPG, Mr Wang was CEO and Executive Director of TOM Group Limited from mid-2000 to early 2006, a Chinese-language media and internet conglomerate in China.

Mr Wang had previously served as an alternate director of Ping An Insurance (Group) Company of China, Ltd from mid-1994 to early 2000 and also as a director of China Resources Land Limited from August 1996 to January 1999. Mr Wang also served as a non-executive director of China Renewable Energy Investment Limited from June 2011 to October 2015 and served as a non-executive director of MIE Holdings Corporation from June 2010 to November 2015. He was a member of the Listing Committee of the Stock Exchange from June 2011 to May 2013.

Since mid-1993, Mr Wang spent seven years at Goldman Sachs in both New York and Hong Kong in various positions including Executive Director and the Head of China High Technology in Hong Kong. Before working at Goldman Sachs, Mr Wang was a manager at HSBC Private Equity in Hong Kong and a strategic consultant with McKinsey & Co in Chicago, USA. In 1991, he founded Amerinvest Group of companies, personal investment companies that focus primarily in real estate, forestry, natural resources and start-up high-tech companies, etc.

Mr Wang is a Standing Committee Member of the 11th Yunnan Provincial Committee of the Chinese People’s Political Consultative Conference. He was the Chairman of the Industry Policy Committee of China Venture Capital and Private Equity Association from May 2011 to November 2015.

Mr Wang graduated from Yunnan University, China, with a Bachelor of Science degree in Chemistry. He holds a Master of Science degree in Forestry and its Relation to Land Use, a Bachelor of Arts degree in Philosophy, Politics and Economics and an Oxford Master of Arts, all from the University of Oxford, UK.

He will serve an initial term of three years with annual compensation of US$150,000.

 

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