23 Jun 2021
Ervin Tu appointed as Group Chief Investment Officer
Prosus announced today the appointment of Ervin Tu as Group Chief of Investments, Strategy, and M&A for Prosus and Naspers.
Prosus appoints Ervin Tu as Group Chief Investment Officer
AMSTERDAM – 23 June 2021 – Prosus N.V. ("Prosus"), the global consumer internet group and one of the largest technology investors in the world, announced today the appointment of Ervin Tu as Group Chief Investment Officer for Prosus and Naspers.
In this newly created position, Tu will be responsible for leading investments across the Prosus and Naspers group, reporting to Bob van Dijk, CEO. Tu will join in August 2021 and will be based in San Francisco.
Tu joins from SoftBank, where he was most recently a Managing Partner for the SoftBank Vision Fund. At the Vision Fund, he helped lead investments in Uber and Bytedance, among others, across technology sectors including transportation, logistics, delivery, next-gen media, and sustainability. Previously, Tu co-led M&A and corporate finance for SoftBank Group International, and he was also a Managing Director in the technology banking group at Goldman Sachs, where he focused on M&A.
Bob van Dijk, CEO of Prosus and Naspers, said: "I am delighted that Ervin is joining the group in the new role of Chief of Investments, Strategy and M&A. His blend of deal experience, investment track record, and sector knowledge will be extremely valuable to us and I look forward to his contributions as we accelerate growth across our consumer internet portfolio."
Commenting on the role, Tu said: "I am excited to join the superb Prosus and Naspers team. The group's track record of investing and operating businesses is exceptional, and today, there are great opportunities to find outstanding businesses across the technology landscape. I look forward to working with Bob and the team to drive our investment agenda and further enhance the portfolio."
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.