Beijing, China - February 17, 2015, Beijing, China - Origo Partners, an investment company, announced that Chao Yong Wang, Chris Rynning, Christopher Jemmett, and Tom Prestulen have agreed to step down as directors.
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Mr. Wang is the founding partner and CEO of ChinaEquity Group, a China-based independent venture capital and merchant banking firm which focuses on the technology, environmental protection, modern agriculture, health industry,media and telecommunications sectors.
Before founding ChinaEquity Group in 1999, Mr. Wang had spent 12 years in the investment banking and financial services industry with Chase, Standard & Poors, Morgan Stanley and the China Development Bank. During that time, he headed Morgan Stanley’s Beijing operation for three years.
Mr. Wang has won several venture capital awards in China, acts as an advisor to several government funds and organizations and has served as a founding member of the Board of Governors and the Secretary General of China Venture Capital Association.
Mr. Rynning was the Founder and Managing Partner of Ascend Ventures, the predecessor of Origo. He was previously Managing Partner of MINT, a PwC Consulting’s joint venture investment arm in China. In that capacity, he invested in half a dozen technology start-ups in the internet, telecom and media sectors.
Before that, Mr. Rynning served as a Regional Director of Asia with Elkem, an Oslo and Frankfurt listed company. At Elkem, he led one of the largest equity and project finance deals in western China to date. In total, he has over 15 years of emerging and established market experience, gained in China, India, Russia, Japan, France and the US. A graduate of ESSEC in Paris, Mr. Rynning holds an MBA with a specialization in Finance from the University of Chicago, Graduate School of Business.
Mr. Prestulen is Managing Partner at Elkem AS, one of the world’s leading producers of industrial materials such as silicon, alloys, carbon and microsilica. He has more than 30 years of experience as an investor and executive across the natural resources, clean technology, agriculture and logistics sectors around the world. ■