WorldVest, Inc. (WOVT.OB) Expands Its Asian Business Division

By IBTimes Staff Reporter | August 07 2009 6:01 AM

WorldVest Inc. is a global merchant bank that offers not only traditional investment banking, asset management and advisory services, but also makes direct investments as a principal in select high-growth transactions on a global basis. The company’s particular focus is on middle market companies which are often ignored by many financial institutions.

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WorldVest has announced that it has expanded its Asian business division to pursue unique and exciting investments and banking transactions throughout the Asia region, with a focus on China and South Korea. To oversee development in this rapidly growing market, the company announced that Matthew Chung has joined the team as its senior managing director of Asia.

Mr. Chung’s career includes more than 20 years of successful management, business development, and consulting experience on a global basis with emphasis in the information technology and telecommunications sector. Mr. Chung formerly held the position of general manager with Trigem Computers, a leading Korean computer manufacturer which licensed products to household names such as Gateway, HP and IBM.

Mr. Chung will be supported by James Kim who has been appointed as managing director of Korea. Mr. Kim joins WorldVest from the Korea Trade Promotion and Investment Agency, where for 18 years he was responsible for promoting business and investment into South Korea.

This newly assembled team brings over 35 years of business development and finance experience, as well as numerous strategic governmental and private sector relationships, which will provide WorldVest with significant access within the region.