Former HSBC Holdings Plc Chief Financial Officer Ewen Stevenson is set to join Singapore-based technology investor Serendipity Capital Holdings Ltd. as its non-executive chairman next month. Stevenson will team up with his former Credit Suisse colleague, Rob Jesudason, who founded Serendipity four years ago. The firm manages assets worth approximately $420 million and has raised funds from over 100 investors. Many of its shareholders include friends and former colleagues of Jesudason’s. Stevenson and Jesudason have known each other for over two decades and were investment bankers at Credit Suisse’s financial institutions advisory business.
Stevenson expressed his interest in taking on chair roles in the venture capital and private equity sectors, with Serendipity being his first such role. This move follows Stevenson’s departure from HSBC in October, where he had served as CFO for nearly four years. Stevenson’s appointment is part of Serendipity’s plan to expand its business in the UK and Europe, with Stevenson replacing John O’Sullivan. The firm focuses on investing in startups in the fields of artificial intelligence, quantum computing, and climate change, with approximately 80% of its investments in Australia, the UK, and the US. Jesudason also sees potential growth opportunities through the AUKUS defense pact signed by these countries, which includes technology sharing.
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