About AvantFaire
AvantFaire was founded in 2017 by a group of entrepreneurs and finance professionals, who are passionate about impact investment. The founding group, its associates and the advisors support us with management experience and business relationships with various partners in the world.
Since our inception, we have become a signatory to the United Nations-supported Principles of Responsible Investment (PRI) and the International Finance Corporation-supported Operating Principles for Impact Management (OPIM), a member of the Global Impact Investing Network (GIIN), and a certified B Corporation (B Corp). To further strengthen our identity in impact investment, we proactively approach professional organizations and academic institutions for joint research projects, speak regularly in industry conferences and publish articles on impact investment, ESG and sustainability topics.
Vision
AvantFaire invests and conducts research in impact investing. Our vision is to better the world by making impact investments and become a global leader in this field. We invest in both traditional and innovative businesses that deliver positive social impact as well as financial return.
Mission
Our mission is to invest in companies and funds which bring meaningful changes to the world and economic benefits to our investors. Our main business lines include making direct investments in private companies and managing funds of funds with themes in impact investing. We also engage in long-term partnerships to nurture strategic investment opportunities and to co-invest with other institutional investors and general partners.
Core Values
We live our core values which guide our investment philosophy, business conduct, and relationships with our stakeholders.
CARING 大愛于始
Motivated by caring
- We care about righteous intention and paradigm shift in the world.
- We aim to address the needs of peop;e, improve quality of living anf drive sustainable economic growth by making impact investments.
RELIABILITY 可靠于知
Accountable to partners and other stakeholders
- We act vigilantly to ensure our collaborations with stakeholders are ethical, fair, consistent and accountable.
- We aim to build solid and long-term relationshops with our partners throught our credibility and mutual trust.
DILIGENCE 勤勉于行
INNOVATION 創新于民
Striving for excellence
Accountable to partners and other stakeholders
- We implement our impact investment process diligently from sourcing to closing of deals and engage closely with our stakeholders.
- We create impact investment opportunities by working with entrepreneurs in early stage to shape, develop and invest in their businesses.
- We strive to be a pioneer of trends and embrace game-changing themes by multi-faceted engagement and active participation in them.
- We explore new technologies and business themes in uncharted areas, and keep an open mind to identify investment opportunities.
Management Team
Our management team is responsible for managing investment and operating our company. The Investment Committee, Risk Management Committee, Operating Committee are chaired by different managing partners to ensure proper segregation of duties.
Catherine is a seasoned impact investor, a serial entrepreneur and a public policy advocate for impact investment, carbon neutrality and Sustainable Development Goals. She founded the AvantFaire Group companies with a strong Asia presence in China, Hong Kong SAR and Singapore focusing on impact investing and providing impact solutions and strategic advice to asset owners. Her investment style is top down and oriented towards secular trends including decarbonization, technology applications in ESG and green businesses. Catherine’s investment experiences span across smart buildings and design, AI applications in ESG, city and community planning and infrastructure transitions, to sustainable supply chains in the food and fashion industry. Catherine is also well connected to regional sustainability development councils in the Greater China Region and Southeast Asian countries. She is active in advocacy concerning environmentally efficient smart communities and villages, common prosperities for the middle class, and is keen on building multilateral collaboration with both public and private sectors.
Prior to the establishment of AvantFaire, Catherine helped run her family business in Asia and managed various projects on the Belt and Road Initiative. She built a strong and broad network with many countries’ trade commissions, local champion enterprises and culture bureaus.
Catherine is the annual juror for the Hong Kong BENCHMARK Awards and the UK HFM Awards for mutual funds and unit trusts. Catherine is also a frequent speaker in ESG and countryside revitalisation at the Wall Breaker – a Chinese podcast focusing on key opinion leaders in finance and banking industry. Catherine has been selected as one of the 100 Women in Finance since 2020.
Catherine holds BSc (Econ) and MSc (Econ) degrees at the University College London, an MBA at the University of Toronto, and an MA International Affairs (with merit) at the King’s College London. Catherine is also the president of the Hong Kong Chenjieqi Institute and the director of Hong Kong – Cambodia Advancement Association.
Ron joined AvantFaire in 2018 as a managing partner in Hong Kong focusing on portfolio management and investment research. He was appointed to establish and head the Singapore branch office in 2020 to enhance the coverage of AvantFaire in South East Asia. As an engineer by training, Ron is keen on the technology aspect in impact investment, with particular interest in the application of space technology and data analytics to the design and management of smart cities and meeting UN Sustainable Development Goals. He also manages his family office portfolio which invests in private equities and stocks in the technology sector.
Ron previously worked for the Securities and Futures Commission in Hong Kong and was responsible for policy development and regulation in financial technology and crypto assets. Prior to his regulatory role, Ron held senior derivatives trading and portfolio management positions in various financial institutions including Standard Chartered, BNP Paribas, KBC, Nomura and Allianz/Dresdner.
Ron has engineering degrees from the University of Toronto and an MBA from the University of Western Ontario. He is currently studying space system engineering in a master’s degree program at the Johns Hopkins University. Ron also takes on advisory roles to further his professional engagement in areas with good development potentials in Asia. He is a member of the advisory board at Smart Valor which is a decentralized finance platform based in Switzerland, and a special advisor for Asian affairs to SpaceFund which is a space technology venture capital company in the U.S.
Ron is passionate about the development of the technology ecosystem in Hong Kong. He is a chartered member of the Orion Astropreneur Space Academy and acts as a mentor to young professionals interested in space investment.
Joseph joined AvantFaire in 2017 as a managing partner in charge of investment operations in Hong Kong. He is a member of the investment committee in Hong Kong and the executive director of the Company. Born in an ordinary family in Hong Kong, Joseph has planted the root to help the underserved community and had served as the president in Rotaract, and embarked on the path to impact investment. He also has an entrepreneurial mindset and started his first IT start-up during his high-school times. With extensive experience in both IT and investment, Joseph focuses mainly on impact investments concerning information technology, healthcare, sustainability food, and financial technology. As a leader of impact investment, he also helps underlying portfolio funds to design KPIs and metrics for impact measurement and reporting.
Joseph previously worked for several licensed corporations, listed companies and a family office in Hong Kong focusing on investment management, and also private equity funds investing in health care, real estate, and information technology. Before his investment role, Joseph started his career in Deloitte as an auditor focusing on real estate and as a financial controller in a pre-IPO company in hospitality industry.
Joseph has a BBA degree in Accounting and Finance from the Hong Kong University of Science and Technology. He also takes on voluntary roles as a mentor in his Alma Mater and the CFA Society Hong Kong. He sits on the board of the listed company – Modern Chinese Medicine Group Co., Ltd. (1643.HK) as an independent non-executive director.
Ivan joined AvantFaire in October 2021 as an associate director in investor relationship management and business development. He is currently focused on expanding AvantFaire’s operations in Singapore, through broadening the outreach of the firm’s product offerings to potential prospects with a focus on Singapore based clients, as well as forging partnership with entities for impact investing initiatives in the region.
Ivan has more than 6 years of experience across banking and asset management. He spent 4 years at Citibank as a product specialist across various asset class and products. He was actively involved in corporate ESG initiatives, including promotion of paperless process for green banking operation and organising firm wide events such as Global Community Day and International Women’s Day. At Lion Global Investors, he was involved in new fund launches including a thematic real estate series with an ESG overlay to encourage investors to invest in a more sustainable future. He also provided advices to clients on how ESG factors/considerations are integrated into the overall investment process and to use relevant, quantifiable and measurable metrics to reflect the positive impact creation through their investments.
Ivan is passionate about investing in green technology, including IoT integration, carbon neutrality, sustainable cities and electric vehicles. In his spare time, he volunteers at Earth Observatory of Singapore, a think tank that conducts research on earthquakes, volcanic eruptions, tsunamis and climate change in Southeast Asia to help build safer and more sustainable societies. Ivan graduated from the National University of Singapore with a double major in Finance and Supply Chain Operations. He has also passed the CFA Level 2 exam.
Ivan joined AvantFaire Investment Management in 2022 as a Senior Investment Associate. He is a licensed representative by the Securities and Futures Commission of Hong Kong to engage in securities advisory and asset management activities. Focusing on impact investment thematic research and financial analysis, Ivan is an investment professional experienced in the field of corporate sustainability strategy and sustainable finance. He is passionate about advocating the sustainable development agenda and creating shared financial, environmental and social return.
Prior to AvantFaire, Ivan served as a Senior Consultant in various management consultancies such as PwC, providing sustainability and investment advisory services to various institutions, such as formulating ESG strategy, establishing climate risk management framework, and providing green finance advice to senior management. His clients include various MNCs, financial institutions and listed companies in the Asia-Pacific region. Ivan has also worked in Alibaba Group and other Asian unicorns, gaining invaluable insights into the regional innovation and technology ecosystem.
Ivan holds a Bachelor’s degree from The University of Hong Kong and a Master’s degree in finance from The Hong Kong University of Science and Technology focusing on investment management. He is a certified Sustainability and Climate Risk professional by the Global Association of Risk Professionals (GARP) and is pursuing his Chartered Alternative Investment Analyst (CAIA) status.
Ivan is a member of the The Orion Astropreneur Space Academy, in which he is the leader of Space Technology Investment Committee and a guest speaker of the monthly SpaceBiz Breakfast Meeting.
Advisors
Professor Alex Nicholls is the first tenured professor in social entrepreneurship appointed at the University of Oxford and was the first staff member of the Skoll Centre for Social Entrepreneurship in 2004. His research interests range across several key areas within social entrepreneurship and social innovation, including: social and impact investment; the nexus of relationships between accounting, accountability, and governance; public and social policy contexts; and Fair Trade.
To date Alex has published more than ninety papers, working papers, book chapters and articles and six books. Most appear in a wide range of peer reviewed journals and books, including five papers in Financial Times Top 30 journals. He is the General Editor of the Skoll Working Papers Series and the Editor of the Journal of Social Entrepreneurship.
Alex has held lectureships at a wide variety of academic institutions including: University of Toronto; Leeds Metropolitan University; University of Surrey; Aston Business School and the University of Oxford. Nicholls also sat on the regional social enterprise expert group for the South East of England and is a member of the Advisory Group for the ESRC Social Enterprise Capacity Building Cluster. He has been an Honorary Fellow at the Third Sector Research Centre at the University of Birmingham and a Research Fellow at the Centre for Social Impact, University of New South Wales. He also currently sits of the Board of several social enterprises.
Alex earned a BA (Hons), MA and PhD in English Language and Literature from King’s College, London and an MBA from Lady Margaret Hall, University of Oxford.
Richard Nesbitt
Professor of the Rotman School of Management, University of Toronto
Mr. Richard Nesbitt is an Adjunct Professor of the Rotman School of Management, University of Toronto, and chair of the Advisory Board of the Mind Brain Behavior Hive at the same University. Richard is now based in London, United Kingdom where he is working with the London School of Economics on the creation of a new research institute called The Inclusion Initiative at LSE dedicated to improving diversity and inclusion within industry.
Richard recently completed his tenure as CEO of Global Risk Institute in Financial Services, which is building a globally recognized research organization in the management of emerging risks.
Richard was previously the Chief Operating Officer of Canadian Imperial Bank of Commerce until he retired from that position in September 2014. He joined CIBC in 2008 following his more than 20 years of experience in the securities industry which included CIBC Wood Gundy from 1987 to 1997. From 2004 to 2008 Richard was Chief Executive Officer of the Toronto Stock Exchange, having joined TSX as President of TSX Markets in 2001.
Richard, who serves on a variety of corporate and community boards, was recognized in 2014 by the organization Women in Capital Markets with its Visionary Award. He also received the Queen Elizabeth II Diamond Jubilee Medal for community service, the Arbor Award from the University of Toronto for his work with the school, and the 2019 Lifetime Achievement Award from Rotman School of Management.
In 2017 Richard published a book (with Barbara Annis) titled “Results at the Top” on the issue of men’s responsibility for gender diversity to improve their organizations (Wiley 2017). His new book (with Michael King) titled “Technological Innovation in Financial Services” will be available in early 2020 (UTP 2020).
Richard is an HBA graduate from the Ivey Business School at the University of Western Ontario and holds an MBA from the Rotman School of Management at the University of Toronto and a MSc from London School of Economics.
Maud Savary-Mornet
Founder and CEO of Beyong Finance Consulting Ltd.
Maud supports the GIIN with strengthening the impact investing community and building engagement with institutional investors in South East Asia. She brings over twenty-five years of experience in impact investment, international development and in the private and public sector to the GIIN.
Maud brings a track record of 12 years in ESG and impact investment in emerging economies. She grew successfully responsAbility in Asia Pacific, one of world’s leading asset managers in ESG and impact investments. She led the investment team in private debt in financial inclusion and climate finance for 8 years before becoming regional director of Asia Pacific with teams in Hong Kong, Mumbai and Bangkok. She conducted more than 100 due diligences in SME banks and microfinance institutions, closed multiple deals and opened several Asian countries for investment, ranging from Indonesia and China to Samoa in the Pacific Islands. She also developed a network of impact investors in Asia Pacific looking at private debt and private equity as well as capital market solutions.
Maud started her career at the French Central Bank as analyst in charge of the financial rating of SME and large corporates, being then seconded at the French Banking Commission to prepare and negotiate banking regulations and then posted at the French Trade Commission in Hong Kong.
Maud is a very strong supporter of Gender lens investing. She led the gender diversity initiative at responsAbility and worked extensively on a gender bond initiative for Asia Pacific.
French and Australian citizen, Maud graduated in 1991 from Sciences Po Paris, with a major in economics and finance. One of her personal goal is to open minds to sustainable finance and she is frequently invited to speak in conferences. She has published several articles on microfinance, impact investment and ESG. She also serves as advisor and Board member in several companies, networks and NGO, including Alygne Inc in California and the French Foreign Trade Advisors in Hong Kong.
Bénédicte Nolens
Head of Regulatory Affairs for Asia and Europe & CCO for Asia, Circle
Bénédicte is the Head of Regulatory Affairs for Asia and Europe & CCO for Asia for Circle, a Board Member of the Hong Kong Fintech Association and a Member of the Global Digital Finance Advisory Council. From 2012 to 2018 she was the Head of Risk and Strategy of the Hong Kong Securities and Futures Commission, from 2007 to 2012 she was a Managing Director at Credit Suisse, and before that she was an Executive Director at Goldman Sachs. She holds an LLM and MBA from the University of Chicago. In 2016 she was a recipient of the China Daily Asian Women Leadership Awards for people who are dedicated to entrepreneurialism, innovation and change.