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While CLSA Capital Partners Limited, its subsidiaries and their respective directors, officers, employees, agents, contractors and advisers (collectively, the "CLSA Capital Partners Group") use reasonable efforts to obtain information from sources believed to be reliable, the CLSA Capital Partners Group does not make any representation or warranty as to the truth, accuracy or completeness of the information (including statements of opinion or expectation) provided in this website or as to the achievement or reasonableness of any future projections, estimates, prospects or returns or any of the assumptions underlying them. The CLSA Capital Partners Group shall not have any liability (whether arising from negligence or otherwise) for any representations (expressed or implied) contained in, or for any omissions from, the information on this website. None of the information provided in this website has been approved by any governmental or other authority in any jurisdiction.

The investments described in this website were selected to illustrate types of investments that the funds sponsored by the CLSA Capital Partners Group may pursue. Therefore, these investments are not indicative of future investments or the actual or anticipated performance of the funds, sponsored by the CLSA Capital Partners Group, through which such investments were made, nor should such investments be viewed as representative of the portfolio of investments held by such funds.

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Investment & Management Team
Richard Pyvis
Member of the Investment Committees

Richard Pyvis was previously CEO of CLSA following a three decade career in commercial, investment banking and investment management across Asia, Australia and North America. In 2000 Mr. Pyvis became Managing Director of CLSA's direct investments businesses. Mr. Pyvis is a member of CLSA Capital Partners Funds’ Investment Committees, in aggregate approximately US$5 billion in assets under management, with a particular focus on strategy, detailed investment appraisal and exit management. Mr. Pyvis read Economics (Japanese Studies) at the University of Western Australia, has studied as a fellowship scholar at IMI Switzerland and INSEAD France, and is a member of company boards across Australasia.

Yeu Liong Chong
Managing Director & Investment Committee Member for Fudo Capital

Yeu-Liong Chong is the Managing Director of CLSA Real Estate, and is overall responsible for the investment and fund management activities of the platform. He joined CLSA in November 2007 as the Chief Financial Officer, responsible for all the financial, treasury and tax structuring matters for Fudo Capital and its underlying investments. Prior to joining CLSA Capital Partners, Mr. Chong was a Senior Vice President of Group Treasury at The Ascott Group Limited for more than 10 years. The Ascott Group Limited is a pan-Asian/European hospitality real estate group with operations that span 47 cities in 18 countries. As Treasurer for The Ascott Group Limited, Mr. Chong also managed the treasury functions, including all aspects of the liquidity and funding requirements as well as rate risk management, for the listed Ascott Residence Trust (REIT) and Ascott Serviced Residence China Fund (Incubator Fund). His experience includes debt funding for various forms of real estate transactions, acquisition financing, cross- border structured transactions and debt capital market transactions. Prior to The Ascott Group, he had experience in sales and trading positions in currency and interest rate markets at Citibank and UBS. Mr. Chong holds a Bachelor of Accountancy degree from the National University of Singapore. .

Angel Li
Managing Director of Portfolio Management & Investment Committee Member for Fudo Capital

Angel Li joined CLSA in January 2006, and is primarily responsible for portfolio management, client relations, deal sourcing, and execution of real estate investment opportunities across the Asia-Pacific region. Ms. Li has 16 years of experience in the capital transactions market in the areas of asset and corporate acquisition, project finance, execution and asset management. While at CLSA, Ms. Li has been involved in the acquisition, underwriting, and asset management of over US$4.2 billion of real estate investments in Singapore, Indonesia, Japan, Hong Kong, China, Taiwan and Australia. Prior to joining CLSA, Ms. Li was with the Global Principal Investments Group of Merrill Lynch, where she had extensive experience in managing principal investments and transacted over US$400 million of real estate investments in office, residential and industrial projects throughout China, Hong Kong and Taiwan. In addition, she has a wealth of experience in asset restructuring of distressed debt securities and non-performing loans in Korea, Taiwan, the Philippines, Thailand and China. Ms. Li holds a Bachelor degree in Business from Hong Kong University of Science and Technology.

Byron Zhao
Head of Investments & Investment Committee Member for Fudo Capital

Byron Zhao joined CLSA in April 2006, and is responsible for overseeing acquisition and asset management of real estate investments in China and Taiwan. Mr. Zhao has 24 years of experience in real estate investment and leasing in Greater China. At CLSA, Mr. Zhao has led the acquisition of over USD1billion of office assets in China and Taiwan. Prior to joining CLSA, Mr. Zhao was instrumental in developing ERGO Trust Asia’s direct investment and fund management activities in China. Prior to ERGO Trust Asia, Mr. Zhao was the head of investment sales at DTZ Debenham Tie Leung in Shanghai, where he had started his career in 1993 and had since accumulated a wealth of knowledge of China real state and network of contacts through numerous leasing and investment transactions involving over 6 million sf of office, retail and residential properties across project development cycles. Mr. Zhao holds an MBA with a focus in Corporate Finance / Real Estate from York University in Toronto, Ontario as well as a Bachelor degree in English from Shanghai University.

Ryuta Ueda
Head of Japan

Ryuta Ueda joined CLSA in March 2010 as Director of Asset Management – Japan, and is responsible for overseeing the asset management strategy for existing and newly acquired assets. Mr. Ueda has 25 years of asset management experience, and has successfully executed value-up strategies and disposals of numerous properties across office, residential, and retail assets. Prior to joining CLSA, Mr. Ueda was a Partner at Smartcorp L.L.P., an independent real estate advisory firm, and advised investment funds and financial services firms on real estate transactions, including asset management strategies. Prior to that, Mr. Ueda was a Senior Asset Manager at Kenedix, Inc. (“KDX”), a major real estate asset management company in Japan, and managed multiple properties in partnership with global real estate investment funds. He was also a team leader for the Strategic Investment Department at KDX, and spearheaded the acquisition of operational properties valued more than US$300 million. Mr. Ueda started his career at Dai-Ichi Building, a subsidiary of Dai-Ichi Life Insurance, and was involved in asset and property management across Japan. Mr. Ueda holds a Bachelor degree in Architecture from Kinki University, Japan, and is a Senior Chartered Architect and a Certified Facility Manager of Japan.