Converge Taps Investment Pro Robert Yu as New CFO

Converge ICT Solutions Inc., a leading fiber broadband provider in the Philippines, has officially appointed Robert Leo A. Yu as its Chief Finance Officer. This strategic move aims to usher Converge into the next stage of its corporate evolution, balancing prudent investment and financial solidity. The Board’s decision, made on May 10, 2024, intends for Yu to guide the company’s financial strategy with a careful balance of reinvestment from internal cash flow and external funding sources, ensuring a financial position that benefits all stakeholders. Yu is an experienced finance executive with a 15-year track record in investments and valuation. Before his new role at Converge, he served as a director at the Malaysia-based private equity firm Creador, overseeing a $2.3 billion fund across the South and Southeast Asian region. His previous experience includes consulting for Converge between 2018 and 2019, where he developed a capital structure plan tailored to the company’s performance and growth prospects. Yu’s robust financial background is further established by his tenures at Sierra Madre Advisers Inc. and Morgan Stanley. As an investment principal at Sierra Madre, he managed a $70 million growth capital fund, while at Morgan Stanley, he covered Southeast Asia and Consumer Coverage, progressing from an Associate to Vice President within two years. His career in finance commenced at Citigroup in New York, where he specialized in M&A and capital raising for consumer-sector clients. Yu’s academic credentials include a Bachelor’s degree in Accountancy with a concentration in Finance from the University of Illinois at Urbana-Champaign, and an MBA from the University of Chicago’s Booth School of Business. In addition to his professional commitments, he also dedicates time to mentoring college students in career development. Converge’s President and Co-Founder, Grace Y. Uy, expressed confidence in Yu’s abilities to maintain Converge’s solid financial standing and contribute significantly to the company’s leadership.

Telecommunications, Financial Services, Private Equity,Philippines, Southeast Asia, United States