Lee Yuen Wai joined Fortune Venture Investment Group in Singapore as managing director of investments (Asia), according to a news release from the Taipei-based venture capital and private equity investment firm.
The position is new and focuses on the firm’s investments in Singapore, Malaysia, Indonesia, Thailand and the Philippines, according to an e-mail from a spokesman for the company.
Mr. Lee was director and wealth manager in Singapore for UBS AG’s high-net-worth team.
A UBS spokeswoman confirmed Mr. Lee’s departure but declined to comment further.
