Raymond Shuai

CFO | Fintech | Strategy

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About

I am an entrepreneurial, highly versatile and strategically minded CFO with a can do and will do approach to solving complex financial, tax and regulatory issues for fast growing fintech, blockchain and gaming businesses, including but not limited to fundraising, mergers & acquisitions, licensing (UK FCA, Hong Kong HKMA/ SFC, Singapore MAS and Australia ASIC), listings (LSE/ AIM, HKSE and ASX) and corporate structuring. My professional training began in the financial services audit department of Deloitte & Touche, followed by the management programme at JP Morgan. I then moved into capital markets with a boutique investment bank before relocating to Asia to work for Jardine Matheson on their corporate strategy and KPMG within corporate finance and private equity. In 2014, I became an entrepreneur and started two businesses in retail and F&B which I have since divested. I became fascinated by blockchain and digital assets, started investing into it, and founded OpenAlpha in 2017 (merged into CLSA post fundraise) with other experienced professionals from IT, trading, compliance and risk backgrounds to solve some of the many structural issues in a nascent and very exciting industry. I am currently the CFO of T8, a payments and wealth management platform aimed at putting financial control back in the hands of the globally minded mass affluent.

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NFT
digital bank
blockchain
regulation
Work experience
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Aug 2020 - Present

T8

CFO

T8 is a payments and wealth management platform aimed at putting financial control back in the hands of the globally minded mass affluent. We believe in empowering everyday people with opportunities to diversify, preserve and manage their wealth, internationally, by providing affordable access to a diverse and high-quality selection of EU-regulated financial institutions. Founded by an experienced management team, the company is headquartered in the UK and looking to scale operations across Europe and South East Asia.

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Oct 2019 - May 2020

Animoca Brands

Interim Finance Director/ Director of M&A

(Delisted from the ASX in March 2020) Animoca Brands is a leader in the field of digital entertainment, specialising in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token, games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP™, Formula E, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. As Finance Director, I was responsible for: - Leading transaction teams on acquisitions and business restructuring processes, including listings, spin-offs and disposals. - Supporting the Group with its fundraising activities. - Assessing the Group’s current portfolio of investments, assets, JVs, and partners to help identify economic and strategic opportunities. - Analysing complex financial data to support decision making for the Group. - Overseeing all financial activities including management and regulatory reporting. - Establishing effective accounting, audit and tax policies, and corporate structures and controls. - Integrating subsidiaries and portfolio companies into the Group to improve financial reporting, forecasting and accountability. - Ensuring all activities are in compliance with ASX listing rules (or equivalents), local laws and accounting standards.

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Oct 2018 - Nov 2019

CLSA

CFO & Co-Founder CLSA Baikal

(Business closed due to CLSA/ CITIC Securities restructuring) A CLSA backed initiative to create a new institutional trading marketplace for trading tokenised real-world assets. Combining 100% cloud-native infrastructure with blockchain technology to fundamentally re-engineer the front to back trading process. Innovating in the securitisation, digitisation and tokenisation of assets, and optimising their issuance, secondary-trading and settlement processes to transform this segment of the industry. As CFO, I was responsible for: - Business planning, costing and financial modelling for CLSA incubated and funded digital assets primary issuance and secondary trading platform - Drafting legal framework documents, platform rules (listing, trading and market), internal controls and processes with legal counsel and support from ex-regulators (SFC & MAS) - Corporate structuring, establishing optimal tax and financial strategies for the entities in compliance with licensing regimes across multiple jurisdictions - Pitching and reporting to potential and existing investors - Performing due diligence on potential business partners and M&A opportunities - Working with parent company to establish the finance, tax, treasury, compliance, risk and operations functions - Negotiating Service Level Agreements with internal and external service providers - Setting up bank accounts, pension plans, medical benefits and all other administrative processes - Managing other ad hoc projects

Jan 2017 - Nov 2019

OpenAlpha

CFO/ COO & Co-Founder (Rebranded CLSA Baikal)

OpenAlpha is an independent institutional market place built with a regulation first approach. Our open architecture enables regulators and institutions to operate seamlessly in support of alpha generation and retention in a compliant, risk managed and secure way.

Aug 2018 - Oct 2018

BC Technology Group (Stock Code: 863 HK)

Executive Director, Strategy & Operations

Founded in 2003, Branding China Group (BC Group) listed on the Hong Kong Stock Exchange in 2012 (HKSE Stock Code: 0863). BC Group is a conglomerate with a diversified portfolio of businesses in marketing communications and technology solutions, where blockchain is incorporated into next-generation technology platforms. As Executive Director, Strategy & Operations for ANXONE, I was responsible for: - Developing and directing the execution of operating policies and processes to support overall objectives for a digital assets exchange platform - Leading and controlling the strategic business planning process - Setting the budget and financial targets - Establishing the performance management process that measures and evaluates progress against goals - Managing the operations, legal, finance and marketing functions

Jun 2016 - Jun 2018

Mr Simms Asia Limited

Director & Shareholder

Mr Simms Asia Limited is the Master Franchisor for the Mr Simms Olde Sweet Shoppe confectionery brand across Asia, the US and Australasia.

2015 - Jun 2018

Emack & Bolio's HK Limited

Director & Chief Operating Officer

Emack & Bolio's is a chain of super premium ice cream stores originating from Boston, USA, with further outlets in New York, Florida, Illinois, Abu Dhabi, Thailand, Hong Kong, China, Korea and Malaysia. As Director & Chief Operating Officer, I was primarily responsible for finances, marketing, logistics, sourcing, and overseeing the operations of the Hong Kong business. I gained extensive experience in dealing with the local regulators on food safety, importation requirements, and licensing procedures.

Jun 2014 - Mar 2018

Mr Simms HK Limited

Director & Owner

Mr Simms Olde Sweet Shoppe is the UK's leading high street and online sweet shop. The company offers wide range of old-school, retro sweets and high quality handmade chocolate. The company has over 120 stores across the UK and outlets in Ireland, France and Hong Kong with plans to expand into China, across Asia and the US. As the Hong Kong Franchise holder, I was responsible for marketing, logistics, sourcing, setting KPI's and overseeing the financial side of the business to ensure our goals were met and exceeded.

2012 - 2014

KPMG China

Associate Director

KPMG is one of the Big Four professional services firms in the world. As Senior Manager/ Associate Director in the Corporate Finance team, I was responsible for: - Originating buy and sell side opportunities and serving as a critical team leader in the execution and negotiation of advisory and financing transactions - Building the firm’s regional strengths and presence in Energy & Natural Resources and Private Equity - Preparing and reviewing transaction related documents and marketing materials, such as confidential information memoranda and pitch books - Performing in-depth company and industry research supporting specific client engagements and marketing opportunities - Leading and training a team of 15 staff Major Completed Assignments: • Sale of the oil storage businesses of Titan Petrochemicals • Sale of Leo’s Fine Foods to Dah Chong Hong

2009 - 2012

Jardine Matheson

Corporate Finance Manager, Group M&A Strategy

Jardine Matheson is one of the original Hong Kong trading houses and now an Asian conglomerate with over 300,000 employees. As Corporate Finance Manager for Group M&A Strategy, I was responsible for: - Researching regional conglomerates and benchmarking their performances against Jardines - Conducting market research into multiple sectors and geographies for the Group - Producing regular summary reports to the Group Chairman and Board - Performing financial analysis on potential acquisitions in the healthcare, retail, motors and resources sectors, and reporting directly to the Group Strategy Director and MD - Supporting operating unit CEOs and FDs on change initiatives and business planning processes - Providing transaction support for acquisitions and disposals - Analysing various corporate structure, tax, regulatory and governance issues (e.g. RMB funding, gearing, JV structures and takeover code)

2005 - 2008

Ambrian Partners

Associate, Natural Resources

Ambrian was established in 2002 as a privately-owned specialist resource sector advisory firm and grew to become one of the leading specialist resource and energy sector corporate finance and stockbroking firms in London. As an Associate I was responsible for: - Executing various capital markets and M&A deals - Project management of transactions in IPOs, fundraisings and acquisitions - Drafting prospectuses, offer documents, and other deal documents - Building and maintaining financial models to support company valuations - Supporting the due diligence and negotiations processes in transactions - Producing pitch books and gained insight into deal origination - Managing new client take on (KYC) procedures to vet new business - Providing advice on business plans and investor presentations - Building working relationships - Producing analysis on numerous stocks and sectors - Performing reviews of competitor corporate finance firms - Revising and designing numerous internal transaction documentation templates - Maintaining the firm’s deal sheets for ongoing and potential revenue streams Major Assignments: - Acquisition of Monterrico Metals by the Zijin Consortium (the first acquisition of a UK listed company by a Chinese company) - Target identification in the AIM basic materials sector for a FTSE 100 mining company - Pan African Resources reverse acquisition of Barberton mines - Cross border diamond mining companies merger - Fundraising for an investment vehicle in metals and energy interests in South America

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2004 - 2005

J.P. Morgan

Hedge Fund Senior Analyst

JP Morgan is a leading multinational financial services company, and the largest bank in the United States. As a Hedge Fund Senior Analyst, I was responsible for: - Managing accounting and financial control processes for hedge fund clients - Designing and implementing new operational and risk reporting procedures - Onboarding new hedge fund clients - Developing procedures manual for staff training processes - Analysing hedge fund performances and ad-hoc queries - Exposure to multiple asset classes: fixed income; equity; FX; swaps; futures

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2002 - 2004

Deloitte

ACA Trainee

Deloitte is one of the Big Four professional services firms. - Supported and managed small teams on audits of financial services and public sector clients

Education

2008 - 2009

University of Cambridge

MFin, Finance

2018 - 2018

University of Oxford

Blockchain Strategy Programme

1998 - 2002

UCL

MEng, Biochemical Engineering with Bioprocess Management

1996 - 1998

Emanuel School

1991 - 1996

Latymer Upper School

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