Philippine electronic gaming platform provider brings in experienced finance executive as new president
DigiPlus Interactive Corp. has appointed Ping Chen as its new president and director, replacing Andy Tsui who has stepped down after four years.
Chen brings over 22 years of experience spanning technology, investment banking and corporate finance across publicly listed companies in Asia and global markets.
He is described as a seasoned corporate leader and dealmaker with a strong track record in driving transformational growth, executing complex mergers and acquisitions, and building international platforms for listed organizations.
Chen joins DigiPlus from Hong Kong-listed Digital China Group, where he most recently served as an advisor on strategy and investment, and prior to that was chief financial officer and chief investment officer.
He also spent two decades in global investment banking in Hong Kong and London, including nearly ten years’ service at Moelis & Company, as well as stints at Bank of America Merrill Lynch, Citi, and Morgan Stanley.
Concurrently elected as a member of the DigiPlus’ Board of Directors, Chen assumes both executive and board responsibilities with immediate effect.
“Bringing Ping Chen on board at this exact moment is a strategic move for DigiPlus,” said chairman Eusebio H Tanco. “His extensive global experience, strategic insight, and proven leadership capabilities position him well to help steer the company through our next phase of expansion and long-term value creation.
“We thank Mr. Andy Tsui for his accomplished tenure at DigiPlus as president, during which he advanced key strategic initiatives, strengthened organizational capabilities, and championed the continued growth of the business. We sincerely wish him well in his future endeavors.”
Commenting on his appointment, Chen said: “It is a privilege to join DigiPlus and to push for its next phase of expansion, as we continue to serve the community and provide the best-in-class digital entertainment in the Philippines.
“My mandate is to help design our long-term strategy and execute, also to improve our financial performance and operational efficiency, to deliver higher values to investors and achieve sustainable growth. By navigating recent market transitions with prudence and deploying our resources strategically, we will expand our digital entertainment ecosystem and further elevate the user experience across our platforms.”
Shares in DigiPlus Interactive Corp. (PM:PLUS) closed 0.38 per cent higher at P10.54 per share in Manila Monday.